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Green grass and
high tides
Picture of old rugged cross
posted
So our tax preparer filed for an extension because she had personal issues and could not complete them by 4/15. Fast forward to now. They are done. She sends us a portal link that we need to sign via docusign. As part of that the IRS asks some questions. Hmmmm, An old address question. Some work history questions. Then this one. What color is your new 2024 Ford pickup, huh.
Is this normal for this type of thing?
Guessing because we wrote a decent sized check to pay for a portion on it maybe?



"Practice like you want to play in the game"
 
Posts: 20662 | Registered: September 21, 2005Reply With QuoteReport This Post
Facts are stubborn things
Picture of armedprof
posted Hide Post
It is just an identity verification tool... uses credit report information that is collected and assumes you are the only one that actually knows all the answers to random stuff in your report. IRS doesn't care that you didn't finance much of your truck.





Do, Or do not. There is no try.
 
Posts: 1859 | Location: Just East of Charlotte, NC | Registered: February 24, 2011Reply With QuoteReport This Post
Green grass and
high tides
Picture of old rugged cross
posted Hide Post
weird tool question then since if you pick white you have better than a 70% chance of being right Razz Thanks AP.



"Practice like you want to play in the game"
 
Posts: 20662 | Registered: September 21, 2005Reply With QuoteReport This Post
Savor the limelight
posted Hide Post
I got a 100% chance of getting it right with that answer. Big Grin
 
Posts: 13095 | Location: SWFL | Registered: October 10, 2007Reply With QuoteReport This Post
Member
posted Hide Post
Read the last paragraph in this post

https://www.irs.gov/e-file-pro...nature-authorization

"How does the e-signature option work?
Taxpayers, who currently use Forms 8878 or 8879 to sign electronic Forms 1040 federal tax returns or filing extensions, can use an e-signature to sign and electronically submit these forms to their Electronic Return Originator (ERO).

Can all taxpayers use the e-signature option?
No. The e-signature option is only available to taxpayers e-filing their tax returns through an ERO, who uses software that provides identity verification and e-signature. To meet e-signature requirements, the ERO must be able to record the taxpayer’s name, social security number, address and date of birth electronically for identity verification purposes.

Are taxpayers required to sign Forms 8878 or 8879 electronically?
No. Taxpayers may continue to use a handwritten signature and return the form to the ERO in-person, via U.S. mail, private delivery, fax, e-mail, or an Internet website.

What e-signature methods are available?
The software the ERO chooses to use dictates the e-signature method used to sign the form. Regardless of the method used, the electronic record must be tamper proof once it is e-signed. Some examples of methods used to capture an e-signature include:

A handwritten signature captured on an e-signature pad;
A handwritten signature, mark, or command input on a display screen using a stylus device;
A digitized image of a handwritten signature that is attached to an electronic record;
A typed name;
A shared secret such as a PIN, password, or secret code, used to sign the electronic record;
A digital signature; or
A mark captured as a graphic.
What are the ERO’s responsibilities with regard to e-signature?
If the taxpayer uses the e-signature option, the ERO must use software that includes identity verification. The software must record the following data:

Digital image of the signed form;
Date and time of the signature;
Taxpayer’s computer IP address (remote transaction only);
Taxpayer’s login identification — user name (remote transaction only);
Results of the identity verification check validating that the taxpayer’s ID verification was successful; and
The e-signature method used to sign the record.
The ERO is also responsible for maintaining a tamper-proof record in a secure, access-controlled storage system for 3 years from the due date of the return or 3 years from the IRS return receipt date, whichever is later. ERO's must be able to retrieve and reproduce legible hard-copies of the signed form.

How should the software perform identity verification?
As part of identity verification, the software may create what is known as a “soft inquiry” in the credit reporting industry. A credit reporting company uses information from the taxpayer’s credit report to generate knowledge based authentication questions. This action may create an entry on the credit report called a “soft inquiry”. Typically, the knowledge based authentication questions address the taxpayer’s personal and financial history. These are usually multiple choice questions such as the name of their mortgage lender, type of car financed, a former address or phone number. The taxpayer is expected to answer the questions correctly. This is not a credit check. However, taxpayers who cannot complete the identity verification check cannot use e-signature."


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Posts: 4477 | Location: Nashville, Tennessee | Registered: December 16, 2004Reply With QuoteReport This Post
Green grass and
high tides
Picture of old rugged cross
posted Hide Post
Thanks guys.



"Practice like you want to play in the game"
 
Posts: 20662 | Registered: September 21, 2005Reply With QuoteReport This Post
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