Truth in Foreclosure

On December 18, 2009, the Internal Revenue Service (IRS) published Notice 2010-8 (on IRS.gov) providing interim rules for Forms 4506-T and 4506T-EZ, which extend the period from 60 days to 120 days in which a signed and dated authorization must be received by the IRS in order for it to be effective.

The interim rule is retroactive and applies to all existing authorizations executed on/after October 19, 2009 (i.e., sixty days prior to the publication of Notice 2010-8). As a result, the IRS will provide tax returns and tax return information in accordance with any signed authorization that is dated as of October 19, 2009 or later.

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