Apply for a Business Real Estate Loan
Member Business Credit Application Amount Requested: $ Term Requested: Application for: Loan Purpose: Business Term Loan Collateral Description: Market Value: Commercial Real Estate Loan Business Line of Credit 1. $ Other: ______________________________ 2. $ Member Business Information Legal Name of Member (Borrower) DBA (If Applicable) Tax I.D. Number Principal Place of Business Address (not P.O. Box) City State County Zip Mailing Address (if different) City State Zip Primary Contact Name Date Business Established # of years under current ownership Business Telephone Business Fax State of Registration Annual Sales $ Describe Products/Services Type of Ownership (Select One) o Proprietorship o C- Corp. Current Number of Employees o General Partnership o S- Corp. o LLC o Limited Partnership o Non Profit o Professional Association Does applicant have any open deposits or loan accounts with Credit Union? o Yes E-Mail Address Business Share Draft Account with Credit Union o No Owner(s) Information Full Legal Name Social Security Number Percentage of Ownership Title Currently Held % % % For more than three owners attach additional sheet(s). Account Disclosures Name of Institution or Broker Type of Account Current Loans: Name of Lender Rate Account Number Collateral Description When Opened Current Balance Amount of Monthly Payment Current Balance For more than four loans use the Member Business Debt Schedule Rev. 1/15/03 Additional Information Has applicant ever obtained credit under another name? o Yes o No Is applicant liable for debts not shown, including any contingent liabilities such as leases, endorsements, guarantees, etc? o Yes o No Has applicant ever declared bankruptcy or had any judgments, garnishments, repossessions, or other legal proceedings filed against them? o Yes o No Is applicant currently a defendant in any suit or legal action? o Yes o No Are there any tax obligations, including payroll or real estates past due? o Yes o No Does any customer or supplier currently account for more than 20% of your business? o Yes o No Signatures The undersigned hereby instructs, consents and authorizes the Credit Union, and/or its agent(s), including, but not limited to MBS LLC, and CU BUS LN to obtain a credit report and any other information relating to their credit status in the following circumstances: (a) relating to the opening of an account or upon application for a loan or other product or service offered by Credit Union by a commercial entity of which the undersigned is a principal, member, guarantor or other party; (b) thereafter, periodically according to the Credit Union’s credit review and audit procedures, and (c) relating to Credit Union’s review or collection of a loan, account, or other Credit Union product or service made or extended to a commercial entity of which the undersigned is a principal, member, guarantor or other party. The undersigned certify everything stated on the front and back of this Member Business Credit Application and any other documents or information submitted in connection with this application true, accurate and complete. The undersigned understands that the Credit Union will retain this Member Business Credit Application. The undersigned hereby authorizes Credit Union to verify at any time any information submitted to Credit Union by or on behalf of the undersigned, obtain further information concerning the credit standing of the undersigned, including without limitation, credit and the exchange credit information concerning the undersigned with other individuals or entities, including, without limitation, any affiliate, subsidiary or other entity related to the Credit Union. The undersigned authorizes the Credit Union to consider this Member Business Credit Application and any other documents or information submitted with this application as a continuing statement of the financial condition until replaced by newfinancial information or until the undersigned specifically notifies the Credit Union in writing of any change in such financial condition. Signature (Applicant) Title Print Name Date Additional Requirements Please provide the following information at the time of application: (Failure to provide a complete application package will reduce our ability to serve you in a timely manner.) Most recent two years Business Income Tax Returns with all schedules attached. If more than six months has elapsed since your fiscal year-end, a current interim business financial statement. Current Personal Financial Statement(s) from all principals/owners with 20% or more ownership of the business. Two years most recent Personal Tax Returns from all principals/owners with 20% or more ownership of the business, with all schedules attached. For Equipment/Vehicle Loans: Copy of invoice/title (as applicable). Copy of insurance policy. For Line of Credit Requests : For Real Estate Secured Loans : Current Accounts Receivable and Accounts Payable Aging. Copy of the most recent property tax assessment. Copy of existing appraisal, if available. Copy of survey. IF NOT ATTACHED DATE COMPLETED____________. For Purchase Transactions, a copy of the purchase contract and a warranty deed. For rental real estate, copy of any leases and current rent roll. Other: Rev. 1/15/03 BUSINESS DEBT SCHEDULE COMPANY NAME_____________________________________ Date__________________ This schedule should contain loans for contracts and notes payable, not accounts payable or accrued liabilities. (Same as most current Financial Statement Balance Sheet) Present Balance* Creditor – Name Interest Rate Monthly Payment Maturity Date COLLATERAL/SECURITY % % % % % % % % % % % % % % Total *Total must agree with balance shown on interim balance sheet DIRECTIONS FOR COMPLETING THE EXCEL VERSION OF THE FIRST COMMERCE PERSONAL FINANCIAL STATEMENT : 1) IMPORTANT: BEGIN ON PAGE 1 (SECOND TAB) 2) COMPLETE APPLICANT INFORMATION (INCLUDING INDIVIDUAL AND/OR JOINT BORROWER INFORMATION) 3) COMPLETE THE FOLLOWING SECTIONS: A) ANNUAL INCOME B) ESTIMATE OF ANNUAL EXPENSES C) GENERAL INFORMATION D) CONTIGENT LIABILITIES 4) COMPLETE SCHEDULES A THROUGH H (BEGINS ON PAGE 1, CONTINUE TO PAGE 2 -TAB 3) 5) IN ORDER TO BE VALID, THIS DOCUMENT MUST BE SIGNED BY BORROWER AND ANY CO-BORROWERS. IMPORTANT NOTE: If you complete Schedule A through Schedule H on Page 3 Page 2 will automatically populate Assets, Liability, and Net Worth. Page 1 of 4 COMPANY Name: TYPE OF CREDIT COMPANY ADDRESS Address: Individual - Provide your financial information only CITY, STATE ZIP Joint, with (name) Phone: Information on separate financial statement Relationship Applicant's Name & Address Individual Information Joint Party Information Business or Occupation Business or Occupation Employer's Name & Address Employer's Name & Address Length of Employment Length of Employment Home Phone Bus. Phone Home Phone Bus. Phone Date of Birth SS # Date of Birth SS # Email Address Email Address PLEASE COMPLETE SCHEDULES FIRST DO NOT INPUT NUMBERS IN THIS SECTION ASSETS - Summary from Schedules LIABILITIES - Summary from Schedule Cash on Hand and In Bank Sched. A $ - Notes Due to Financial Institutions Sched. H $ - Cash Value of Life Insurance Sched. B $ - Notes Due to Relatives and Friends Sched. H $ - U.S. Gov. Securities Sched. C $ - Notes Due to Others Sched. H $ - Market Value - Mkt Sec Sched. C $ - Loans on Life Ins Policy Sched. B $ - Sched. C $ - Other loans policy as collateral Sched. B $ - Market Value - Non Mkt Sec Cash Rent Payable Other Liabilities Due within 1 year - Itemize TOTAL LIQUID ASSETS $ - Real Estate Owned Sched. E $ Mortgages & Contracts Owned Sched. F $ - Notes & Accounts Receivable - current Sched. D $ - Notes & Accounts Receivable - over 90 days Sched. D $ - Notes Due From Relatives and Friends Sched. D $ - Real Estate Mortgages Payable - Other Securities - Not Readily Marketable Sched. C $ - Personal Property Debts Payable Personal Properties Sched. G $ - Other Debts - Itemize IRA and Tax Deferred Accounts Sched. I - $ Other Assets - Itemized on attachment TOTAL SHORT TERM LIABILITIES $ - Sched. E $ - Sched. G $ - TOTAL LONG TERM LIABILITIES $ - Total Liabilities $ - TOTAL PRODUCTIVE ASSETS $ - Net Worth (Total Assets Minus Total Liabilities) $ - $ - TOTAL LIABILITIES AND NET WORTH $ - $ - TOTAL ASSETS ANNUAL INCOME ESTIMATE OF ANNUAL EXPENSES Salary, Bonuses and Commissions Income Taxes Dividends and Interest Other Taxes Rental and Lease Income (Net) Insurance Premiums (Alimony, child support, or separate maintenance income should not be included if you do Mortgage Payments not wish to have it considered as a basis for repaying this obligation.) Other Other income- itemized Provide the following information only if Joint Credit is checked above: Other Person's Salary, Bonuses and Commissions (Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation. ) Other Income of Other Person - Itemized $ TOTAL - TOTAL GENERAL INFORMATION CONTINGENT LIABILITIES Are any Assets Pledged Other Than Those listed on Schedules? Choose One: As Endorser, Co-Maker or Guarantor Choose One: Are you a Defendant in Any Suits or Legal Actions? Choose One: On Leases or Contracts Choose One: Legal Claims Choose One: Federal - State Income Taxes Choose One: Date Income Taxes were last filed? State? Have you ever been declared Bankrupt in the last 10 years? Choose One: Are you a Partner or Officer in any other Venture? Choose One: SCHEDULES A CASH IN FINANCIAL INSTITUTIONS NAME OF FINANCIAL INSTITUTION ACCOUNT BALANCE TYPE OF ACCOUNT TYPE OF OWNERSHIP Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: Choose One: TOTALS $ - Page 2 of 4 B LIFE INSURANCE (List only those Policies that you own) COMPANY C FACE OF POLICY Policy Loan From Insurance Co. Cash Surrender Value TOTALS $ $ $ SECURITIES OWNED (Including U.S. Government Bonds and all other Stocks and Bonds) Face Value Bonds, # Shares of Stock DESCRIPTION Type of Ownership COST - sdf Market Value Marketable Sec Market Value - Non Mkt Sec Amount Pledged To Secured Loan $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ - $ - $ - $ - NOTES AND ACCOUNTS RECEIVABLE (Money Payable or Owed to You Individually - Indicate % of your Ownership Interest) Balance Due Current Accounts Original Amt TOTALS $ - Balance Due Over 90 Days Balance Due Notes Rel. & Friends $ $ - Security (If Any) - REAL ESTATE OWNED (Indicate % of your Ownership Interest) TITLE IN NAME OF % Date Description & Location Original Cost Present Value of MORTGAGE OR CONTRACT PAYABLE Acquired F BENEFICIARY $ When Due E $ Market Value - US Gov Sec TOTALS D Other Loans Policy as Collateral Balance Due TOTALS $ MORTGAGES AND CONTRACTS OWNED (Indicate % of your Ownership Interest) Mortgage or Contract % MAKER Property Name & Address Covered - $ Starting Date - Mo. Payment $ Payments - Mortgage Holder $ Maturity - Balance Due TOTALS $ G DESCRIPTION: Example 1999 Toyota Corolla Date When New Cost When New % Value Today TOTALS $ H LOAN ON PROPERTY Balance Due To Whom Payable - $ - NOTES Notes Due to Financial Institutions NAME OF CREDITOR I - PERSONAL PROPERTY (Indicate % of your Ownership Interest) TOTALS $ 401Ks, IRAs, Other Retirement Account Description - Notes Due To Rel. and Notes Due "Others" (Not Banks) Friends Monthly Payment $ $ Name(s) Registered in - $ - Number of Shares Collateral Current Value TOTALS Page 3 of 4 Each of the undersigned hereby instructs and authorizes the Credit Union, and/or its agent(s), including, but not limited to MBS LLC, and CU BUS LN to obtain a consumer credit report and any other information relating to their individual credit status in the following circumstances: (a) relating to the opening of an account or upon application for a loan or other product or service offered by Credit Union by a commercial entity of which the undersigned is a principal, member, guarantor or other party; (b) thereafter, periodically according to the Credit Union's credit review and audit procedures, and (c) relating to Credit Union's review or collection of a loan, account, or other Credit Union product or service made or extended to a commercial entity of which the undersigned is a principal, member, guarantor, or any other party. Each of the undersigned certify everything stated on the front and back of this Personal Financial Statement and any other documents or information submitted in connection with this Personal Financial Statement is true, accurate and complete. Each of the undersigned understand that Credit Union will retain this Personal Financial Statement. Each of the undersigned hereby authorize Credit Union to verify at any time any information submitted to Credit Union by or on behalf of the undersigned, obtain further information concerning the credit standing of the undersigned, including without limitation, credit and employment history; and exchange credit information concerning the undersigned with other individuals or entities, including, without limitation, any affiliate, subsidiary or other entity related to Credit Union. Each of the undersigned authorize Credit Union to consider this Personal Financial Statement as a continuing statement of financial condition until replaced by a new Personal Financial Statement or until the undersigned specifically notiries Credit Union in writing of any change in such financial condition. In order to expedit this application and serve you better, it may be necessary for us and/or our agents to contact your accountant and/or insurance agent for additional personal or business information. Please indicate below your authorization by checking the boxes and providing the contact information. w Accountant/ CPA Name: Phone #: w Insurance Agency Name: Phone #: Signature: Date: Signature: Date: Page 4 of 4 ENVIRONMENTAL QUESTIONNAIRE (To Be Completed by Borrower--Or Seller if applicable) Borrower Name: Subject Property Address: Describe the present use of subject property: Describe known past uses of subject property: Describe the present and known past uses of adjacent property: North Property Present: Past: South Property Present: Past: East Property Present: Past: West Property Present: Past: 7. Are you aware of: a. Any wells or drilled shafts on the subject property? b. (1) Any above ground or underground chemical, fuel or oil storage tanks or transmission lines on the subject property; and, (2) If such tanks are present, have they been registered with the Stat e or EPA? c. Any buried or surficial soil waste or trash on the subject property? d. Have liquids ever been spilled or disposed of on the property? If yes to any of the above, please explain: 8. Is the subject property currently used for or has it ever been used (i.e., manufacturing, handling, storage, sales, transport ation, disposal, etc) for any of the following busines s purposes or products: a. Food canning, preserving or processing b. Repair or maintenance of vehicles c. Service station d. Cement or concrete products e. Paint or decorating supplies f. Batteries/transformers Yes No YES g. Photo processing h. Printing i. Electroplating j. Chemicals k. Metal fabrication l. Pest control (fungicides, insecticides, rodenticides, pesticides) m. Fertilizers n. Agricultural use (explain) o. Swimming pool supplies p. Funeral homes q. Dry cleaning r. Asphalt or other petroleum products s. Furniture refinishing t. Asbestos or asbestos products u. Soaps and detergents v. Leather tanning or finishing w. Glass or glass products x. Rubber y. Timber and paper z. Plastics or synthetics aa. Pharmaceuticals or cosmetics bb. Manufacturing computer hardware or circuit boards cc. Radioactive materials dd. Explosive, ammunition or fireworks ee. Chemical, biological or nuclear research ff. Disposal of waste or recycling of any kind If the subject property has been so used, please specify which portion and when. 9. Is the property adjacent to the subject property currently used or has it ever been used for the purposes listed above? If yes, please describe: 10. Has the subject property or property adjacent to it ever been used for the creation, manufacture, storage, handling, transportation or disposal of hazardous waste or hazardous substances? a. What chemicals have been used on the property? b. What wastes are produced on the property? c. How were the wastes disposed of (current and past practices)? 11. 12. 13. 14. 15. 16. Was any portion of the subject property created or modified by dredging or landfill? Has the subject property ever been mined for oil, gas or any other minerals? Were the buildings or other structures on the subject property constructed prior to 1979? Was asbestos or asbestos containing products used in the construction of these structures? Are there any electrical transforms or capacitors on the subject property? Have solvents ever been used on the subjec t property? If yes, explain how the solvents were used, estimate the quantity used and describe the disposal practices used for spent or waste solvents. 17. Have you ever received notice from a local, stat e or federal agency relating to any of the following: a. A Superfund or CERCLA claim? b. A notice of violation relating to any environmental law? c. A notice or claim relating to an underground storage tank? NO YES 18. Is the activity that the property is being used for in compliance with all environmental permits and laws? If no, please explain: 19. Are there any claims or lawsuits pending involving the property or the business that relates to environmental contamination or the discharge of emissions or exposure to hazardous substances? If yes to any of the above, specify which portion and explain further, also attach any relevant comments. NO Each of the undersigned personally warrants that they have read the information contained herein and answered each question truthfully and completely. Each of the undersigned understands and agrees that the obligation to inform Lender of any changes in the information given above is a continuing one. Date Loan Applicant Date Loan Applicant Date Loan Applicant Date Reviewed by (Loan Officer) Form4506•T Request for Transcript of Tax Return OMB No. 1545-1872 (Rev. January 2011) Department of the Treasury lntemal Revenue Service Request may be rejected if the form is incomplete or illegible. Tip. Use Form 4506-T to order a transcript or other return information free of charge. See the product list below. You can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on "Order a Transcript" or call1-800-908-9946. If you need a copy of your return, use Form 4506, Request for Copy of Tax Return. There is a fee to get a copy of your return. 1a Name shown on tax return. If a joint return, enter the name shown first. 1b First social security number on tax return, individual taxpayer identification number, or employer identification number (see instructions) 2a If a joint return, enter spouse's name shown on tax return. 2b Second social security number or individualtaxpayer identification number if joint tax return 3 Current name, address (including apt., room, or suite no.), city, state, and ZIP code (See instructions) 4 Previous address shown on the last return filed if different from line 3 (See instructions) 5 If the transcript or tax information is to be mailed to a third party (such as a mortgage company), enter the third party's name, address, and telephone number. The IRS has no control over what the third party does with the tax information. Caution. If the transcript is being mailed to a third party, ensure that you have filled in line 6 and line 9 before signing. Sign and date the form once you have filled in these lines. Completing these steps helps to protect your privacy. 6 a b Transcript requested. Enter the tax form number here (1040, 1065, 1120, etc.) and check the appropriate box below. Enter only one tax form number per request. Return Transcript, which includes most of the line items of a tax return as filed with the IRS. A tax return transcript does not reflect changes made to the account after the return is processed. Transcripts are only available for the following returns: Form 1040 series, Form 1065, Form 1120, Form 1120A, Form 1120H, Form 1120L, and Form 1120S. Return transcripts are available for the current year and returns processed during the prior 3 processing years. Most requests will be processed within 10 business days 0 Account Transcript, which contains information on the financial status of the account, such as payments made on the account, penalty assessments, and adjustments made by you or the IRS after the return was filed. Return information is limited to items such as tax liability and estimated tax payments. Account transcripts are available for most returns. Most requests will be processed within 30 calendar days. 0 Record of Account, which is a combination of line item information and later adjustments to the account. Available for current year and 3 prior tax years. Most requests will be processed within 30 calendar days . 0 7 Verification of Nonfiling, which is proof from the IRS that you did not file a return for the year. Current year requests are only available after June 15th. There are no availability restrictions on prior year requests. Most requests will be processed within 10 business days . 0 8 Form W-2, Form 1099 series, Form 1098 series, or Form 5498 series transcript. The IRS can provide a transcript that includes data from these information returns. State or local information is not included with the Form W-2 information. The IRS may be able to provide this transcript information for up to 10 years. Information for the current year is generally not available until the year after it is filed with the IRS. For example, W-2 information for 2007, filed in 2008, will not be available from the IRS until 2009. If you need W-2 information for retirement purposes, you should contact the Social Security Administration at 1-800-772-1213. Most requests will be processed within 45 days . 0 c Caution. If you need a copy of Form W-2 or Form 1099, you should first contact the payer. To get a copy of the Form W-2 or Form 1099 filed with your return, you must use Form 4506 and request 9 a copy of your return, which includes all attachments. Year or period requested. Enter the ending date of the year or period, using the mm/dd/yyyy format. If you are requesting more than four years or periods, you must attach another Form 4506-T. For requests relating to quarterly tax returns, such as Form 941, you must enter each quarter or tax period separately. Signature of taxpayer(s). I declare that I am either the taxpayer whose name is shown on line 1a or 2a, or a person authorized to obtain the tax information requested. If the request applies to a joint return, either husband or wife must sign. If signed by a corporate officer, partner, guardian, tax matters partner, executor, receiver, administrator, trustee, or party other than the taxpayer, I certify that I have the authority to execute Form 4506-T on behalf of the taxpayer. Note. For transcripts being sent to a third party, this form must be received within 120 days of signature date. Telephone number of taxpayer on line 1a or 2a Signature (see instructions) Date Sign Here Title (if line 1a above is a corporation, partnership, estate, or trust) Spouse's signature For Privacy Act and Paperwork Reduction Act Notice, see page 2. Date Cat. No. 37667N Form 4506-T (Rev. 1-2011) Form 4506-T (Rev. 1-2011) Page General Instructions Chart for all other transcripts Purpose of form. Use Form 4506-T to request tax return information. You can also designate a third party to receive the information. See line 5. If you Jived in or your business was in: Tip. Use Form 4506, Request for Copy of Tax Return, to request copies of tax returns. Where to file. Mail or fax Form 4506-T to the address below for the state you lived in, or the state your business was in, when that return was filed. There are two address charts: one for individual transcripts (Form 1040 series and Form W-2) and one for all other transcripts. If you are requesting more than one transcript or other product and the chart below shows two different RAIVS teams, send your request to the team based on the address of your most recent return. Automated transcript request. You can quickly request transcripts by using our automated self help-service tools. Please visit us at IRS.gov and click on "Order a Transcript" or call 1-800-908-9946. Chart for individual transcripts (Form 1040 series and Form W-2) If you filed an individual return and lived in: Mail or fax to the "Internal Revenue Service" at: Florida, Georgia (After June 30, 2011, send your transcript requests to Kansas City, MO) RAIVS Team P.O. Box 47-421 Stop 91 Doraville, GA 30362 770-455-2335 Alabama, Kentucky, Louisiana, Mississippi, Tennessee, Texas, a foreign country, American Samoa, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, the U.S. Virgin Islands, or A.P.O. or F.P.O. address RAIVSTeam Stop 6716 AUSC Austin, TX 73301 Alaska, Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming RAIVS Team Stop 37106 Fresno, CA 93888 Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, West Virginia RAIVS Team Stop 6705 P-6 Kansas City, MO 64999 512-460-2272 Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming, a foreign country, or A.P.O. or F.P.O. address Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin Mail or fax to the "Internal Revenue Service" at: RAJVS Team P.O. Box 9941 Mail Stop 6734 Ogden, UT 84409 801-620-6922 RAIVS Team P.O. Box 145500 Stop 2800 F Cincinnati, OH 45250 859-669-3592 Line 1b. Enter your employer identification number (EIN) if your request relates to a business return. Otherwise, enter the first social security number (SSN) or your individual taxpayer identification number (JTJN) shown on the return. For example, if you are requesting Form 1040 that includes Schedule C (Form 1040), enter your SSN. Line 4. Enter the address shown on the last return filed if different from the address entered on line 3. Note. If the address on Lines 3 and 4 are different and you have not changed your address with the IRS, file Form 8822, Change of Address. Line 6. Enter only one tax form number per request. 816-292-6102 Corporations. Generally, Form 4506-T can be signed by: (1) an officer having legal authority to bind the corporation, (2) any person designated by the board of directors or other governing body, or (3) any officer or employee on written request by any principal officer and attested to by the secretary or other officer. Partnerships. Generally, Form 4506-T can be signed by any person who was a member of the partnership during any part of the tax period requested on line 9. Line 3. Enter your current address. If you use a P. 0. box, include it on this line. 559-456-5876 2 Signature and date. Form 4506-T must be signed and dated by the taxpayer listed on line 1a or 2a. If you completed line 5 requesting the information be sent to a third party, the IRS must receive Form 4506-T within 120 days of the date signed by the taxpayer or it will be rejected. Individuals. Transcripts of jointly filed tax returns may be furnished to either spouse. Only one signature is required. Sign Form 4506-T exactly as your name appeared on the original return. If you changed your name, also sign your current name. All others. See Internal Revenue Code section 6103(e) if the taxpayer has died, is insolvent, is a dissolved corporation, or if a trustee, guardian, executor, receiver, or administrator is acting for the taxpayer. Documentation. For entities other than individuals, you must attach the authorization document. For example, this could be the Jetter from the principal officer authorizing an employee of the corporation or the Letters Testamentary authorizing an individual to act for an estate. Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to establish your right to gain access to the requested tax information under the Internal Revenue Code. We need this information to properly identify the tax information and respond to your request. You are not required to request any transcript; if you do request a transcript, sections 6103 and 6109 and their regulations require you to provide this information, including your SSN or EIN. If you do not provide this information, we may not be able to process your request. Providing false or fraudulent information may subject you to penalties. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal Jaw enforcement and intelligence agencies to combat terrorism. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file Form 4506-T will vary depending on individual circumstances. The estimated average time is: Learning about the law or the form, 10 min.; Preparing the form, 12 min.; and Copying, assembling, and sending the form to the IRS, 20 min. If you have comments concerning the accuracy of these time estimates or suggestions for making Form 4506-T simpler, we would be happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the form to this address. Instead, see Where to file on this page.
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Business Banking Modification Assistance Package (Loans with a current principal balance greater than $100K)