Form 4506-EZ is used to request tax
return transcripts. A taxpayer may designate a third party to
receive the transcript.
The Obama Administration
has launched a coordinated effort across federal and state
government and the private sector to target mortgage loan
modification fraud and foreclosure rescue scams. The Administration
introduced a comprehensive Financial Stability Plan to address the
key problems. A critical piece of that effort is Making Home
Affordable Program. Treasury has determined that a new form is
immediately needed to ensure that HAMP participants timely receive
their correct tax information.
The Helping Families Save Their
Homes Act provides housing assistance to responsible homeowners and
helps to prevent avoidable foreclosures, in part through mortgage
modifications. Individuals require tax transcripts for home
mortgage loan modification programs under the Act, such as the Home
Affordable Modification Program (HAMP). Form 4506T-EZ has been
created to streamline the request for individual tax return
transcripts. It is intended to minimize errors on the part of the
requestors, ensuring that they receive transcripts in a timely
manner. This will enable the IRS to better provide information, and
to increase the efficiency in which the information is provided to
mortgage loan modification participants. By minimizing delays in
the requests and in processing, participation in loan modification
is greatly enhanced. Per Treasury's request, this form must also be
available in Spanish in order to assist the limited English
proficient (LEP) population in gathering their tax information as
well. This Spanish-language version will mirror the
English-language version. The increase of 100,000 hours is due to
the availability of the Spanish-language version of Form
4506T-EZ.
$25,000
No
No
Uncollected
Uncollected
No
Uncollected
Johnny Cervantes
2026225021
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.