DocMagic Inc. has announced that Equifax has approved the company as an eSign provider for electronic IRS 4506-T requests from its clients. Equifax, an Income Verification Express Services (IVES) participant, provides this service to its clients nationwide and began accepting orders electronically signed with DocMagic eSign in January.
“The IRS has very strict requirements for accepting these orders electronically,” said Melanie Feliciano, chief legal officer for DocMagic. “Our eSign product meets these requirements and the team at Equifax has reviewed our product and confirmed that. Now, all DocMagic’s customers can place their orders for IRS 4506-T with Equifax and use DocMagic’s eSign technology to sign them electronically.”
The IRS began accepting electronic signatures on Jan. 7, but there are a number of requirements that must be met, including that the submission is coursed through an IVES participant and such participant complies with the IRS’ Electronic Signature Requirements. To be accepted, the submitters must prove that the signer had sole control over the signature; the signer must consent to electronically signing and the electronic signature must be unique to the individual and establish the signer’s intent to be bound by the terms of the 4506-T, among other requirements.
"Equifax customers are embracing electronic information requests, which has served to streamline their operations, saving them time and money," said Jeff Knott, senior director of product management for Equifax Verification Services. "As an early advocate for this technology, we're proud to offer our customers this opportunity to accelerate business and improve customer service. Our customers that depend upon DocMagic for documents and compliance will now find it easy to get the tax verification information they require."