Here’s a reminder for taxpayers using the IRS’s Income Verification Express Service (IVES).
July 24, 2020
July 31 is the deadline for providing an electronic signature and certifying the update of your account. The IVES program is used by mortgage lenders and others in the financial community to confirm the income of a borrower during the processing of a loan application.
In order to update its records and continue each IVES participant’s participation in the program, the IRS requires all IVES participants to take these steps. Failure to submit the certification will result in suspension and potential removal from the IVES program, according to the IRS.