4605T to Banks Voluntarily

[Bay_Area_Joe]

Just curious if anybody ever just sent in a IRS 4605T to any banks so they could reflect the accurate income?

I state my income accurately, so the 4605T will match up.

Any chance banks like Chase, B of A, Citi, or Barclays will use this form if I send it to them, then get the confirmed info from the IRS to update account ?

Could this lead to higher Credit Lines ?

Maybe a dumb question.....

J

[NRB525]

Sending in the 4506-t unasked likely won't make any difference. Banks are very process driven, and it is very likely that you will not be asked for verification outside your Credit Report. The bank algorithms are set up to extrapolate whether your stated income is in a range suggested by your credit / spend patterns. If the bank process gets to a point where they ask for 4506-t, then just send it in and it will get reviewed.  Otherwise not worth the hassle to try to push on a string  with that document they won't know what to do with.

[Anonymous]

Why on Earth would anyone do this? Seems like a hassle for you. Leave all and well alone..

[Anonymous]

One of the things I learned in the Army was never volunteer.

[sarge12]

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@Bay_Area_Joe wrote:

Just curious if anybody ever just sent in a IRS 4605T to any banks so they could reflect the accurate income?

I state my income accurately, so the 4605T will match up.

Any chance banks like Chase, B of A, Citi, or Barclays will use this form if I send it to them, then get the confirmed info from the IRS to update account ?

Could this lead to higher Credit Lines ?

Maybe a dumb question.....

J

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I would never send 4506-t to a bank even if asked....much more info than just income on a tax return.

[Anonymous]

You will be able to freeze ice in hell before I would do such.