Form 4506 (2020)

What Is A Form 4506 IRS

Form 4506, officially titled "Request for Copy of Tax Return," is a document issued by the Internal Revenue Service (IRS) that allows individuals and businesses to obtain copies of their federal tax returns from previous years. This is particularly useful for those requiring official documentation such as loan applications, legal matters, or personal record-keeping.

When to Use IRS Tax Form 4506

There are specific situations where IRS Tax Form 4506 becomes invaluable. Here's a list of when you might need to use this form:

• Applying for a mortgage or another loan where proof of income is required.
• Filing an amendment to a previous year's tax return.
• Dealing with IRS audits or queries that require a review of past returns.
• Verifying income for a student financial aid application for college or university.
• You need precise tax information when filing for divorce or other legal matters.
• Compiling financial records when anticipating a significant financial transaction.

How To Fill Out Form 4506 Instructions

Step 1: Provide Personal Information 

Enter your name and Social Security number (SSN) at the top of Form 4506. If you filed a joint return, enter your spouse's name and SSN. Include your current address, and if it differs from the address on the tax return for the year requested, enter the previous address as well.

Step 2: Specify the Tax Form 

In line 6, specify which tax form number you are requesting.

Step 3: Request the Specific Year

On line 7, request the tax year you need the return for. If you need multiple years, you can also list them in this area using the same date format.

Step 4: Enter the Number of Returns. 

Line 8 asks for the number of returns you'd like to receive. Most individuals need only one copy, but specify the number here if you require more for legal or financial matters.

Step 5: Provide Additional Information 

If you'd like the tax return sent to a third party, such as a bank evaluating a mortgage application, include their name, address, and telephone number on lines 5a through 5c. Before moving forward, obtaining the third party’s consent to disclose this information is crucial.

Step 6: Sign and Date the Form 

The taxpayer must sign and date the bottom of Form 4506. If you filed jointly, your spouse's signature is also required. Ensure that both signatures are on the form to avoid processing delays.

Step 7: Review for Accuracy 

Before submitting, review the entire form to ensure every piece of information is correct. An error can lead to delays in processing or even the inability to fulfill your request.