Form 4506T-EZ - Short Form Request for Individual Tax Return Transcript

ICR 201001-1545-001

OMB: 1545-2154

Federal Form Document

ICR Details
1545-2154 201001-1545-001
Historical Active 200910-1545-020
TREAS/IRS
Form 4506T-EZ - Short Form Request for Individual Tax Return Transcript
No material or nonsubstantive change to a currently approved collection   No
Emergency 10/15/2009
Approved without change 02/04/2010
Retrieve Notice of Action (NOA) 01/07/2010
  Inventory as of this Action Requested Previously Approved
04/30/2010 04/30/2010 04/30/2010
1,100,000 0 1,000,000
870,000 0 790,000
0 0 0

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.

PL: Pub.L. 111 - 22 1 Name of Law: Helping Families Save Their Home
  
PL: Pub.L. 111 - 22 1 Name of Law: Helping Families Save Their Home

Not associated with rulemaking

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,100,000 1,000,000 0 100,000 0 0
Annual Time Burden (Hours) 870,000 790,000 0 80,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
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.
01/07/2010


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