The Internal Revenue Service (IRS) recently published Form 4506-C to replace Form 4506-T for IVES participants. Form 4506-C had a mandatory use date of March 1, 2021. One of the differences between Form 4506-C and Form 4506-T was the addition of a new field in the signature box where the printed or typed name of the taxpayer (and taxpayer’s spouse, if applicable) or taxpayer’s signing agent (such as a power of attorney) must be entered. However, this new printed/typed name field has caused some programming issues in the IVES community. In response to industry requests, the IRS is granting a grace period of April 9, 2021 to June 30, 2021 during which Form 4506-C will not be rejected solely for failing to print or type the name of the taxpayer (and spouse) or taxpayer signing agent in the signature box. Any Form 4506-C that was rejected prior to April 9, 2021 due to missing printed/typed signer names must be resubmitted. Any Form 4506-C submitted on or after July 1, 2021 must adhere to the full completion requirements, including the entry of the printed or typed name of the taxpayer (and spouse) or taxpayer signing agent in the signature box. Per the IVES receipt standard, anything received after 2:00 pm local site time is considered to be received on the next business day.
