The current version of IRS Publication 1345 outlines the requirements for identity verification to be performed by Authorized IRS e-file Providers. Among the procedures included in this guidance is for Electronic Returns Originators (EROs) to “Verify that the name, social security number, address, date of birth and other personal information on record are consistent with the information provided through record checks with the applicable agency or institution or through credit bureaus or similar databases.” While this step is optional for in-person transactions, it is required for all remote transactions.
Electronic Verification Systems (EVS) offers cost effective methods for complying with this IRS requirement, with a flexible platform that can be used independently of, or fully integrated with, existing platforms. EVS works with businesses of all sizes to combat identity theft and satisfy compliance requirements while reducing cost.
Download a solution overview to learn more about identity verification from EVS, or request a demo to learn directly from an EVS representative how IdentiFraud Consumer can help your company.