Taxpayer First Act - IVES User Fee

December 31, 2019

The IRS reviews its Income Verification Express Service (IVES) user fee and will adjust the amount based on the cost of the program in addition to any changes in legislation.  On July 1, the President signed the Taxpayer First Act of 2019 (the Act) (P.L. 116-25) into law. Section 2201 of the Act requires the IRS to “implement a program to ensure that any qualified disclosure (1) is fully automated and accomplished through the internet; and (2) is accomplished in as close to real time as is practicable.” In addition, the Secretary shall assess and collect a fee to cover the cost of the program requirements outlined in Section 2201. Once the automated program is fully implemented at a date to be determined it will replace our manual faxing process and deliver transcripts results in close to real time.

 

The user fee per (IVES) transcript request will increase from $2.00 to $5.00 effective March 1, 2020. Per Section 2201 of the Act, the increased user fee will apply to a “qualified disclosure,” which means a disclosure under section 6103(c) of the Internal Revenue Code of 1986 of returns or return information by the Secretary to a person seeking to verify the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application. We will be sending separate instructions on how to process transcript requests falling outside the definition of a “qualified disclosure” so that you will be billed the correct user fee.

 

The IVES invoices dated April 5, 2020, for all March 2020 IVES transcript requests will reflect a charge of $5.00 per transcript, as will future invoices. Transcript requests processed through February 29, 2020, will be billed at the current $2.00 per transcript rate. Transcript adjustments for requests processed through February 29, 2020, will be adjusted at the $2.00 per transcript rate. Transcript adjustments for requests processed after February 29, 2020, will be adjusted at the $5.00 per transcript rate for qualified disclosures and the $2.00 per transcript rate for non-qualified disclosures. 

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