|[November 15, 2012]
DocuSign Applauds Internal Revenue Service Move to Accept eSignatures
SAN FRANCISCO --(Business Wire)--
the global standard for eSignature, today announced that the U.S.
Internal Revenue Service (IRS) will begin accepting DocuSign electronic
signatures on Form 4506-T, the Request for Transcript of Tax Return, in
January 2013. The move to eSignatures will expedite processing of
important IRS forms for commerce, including tax transcripts for income
verification which will help stimulate and accelerate business for
banks, credit unions, mortgage brokers, credit card companies and other
lending institutions. DocuSign will make it easier, faster and more
convenient for citizens and businesses alike to secure loans.
"DocuSign applauds the IRS and its move to streamline critical
government processes with electronic signature," said Ken Moyle, chief
legal counsel at DocuSign. "With as many as 25 million 4506-T forms
processed by the IRS every year, we're proud to have spearheaded this
program with Equifax to make it easier, more convenient and secure than
ever before to do business with the government."
With DocuSign's pilot to drive proof of concept for the IRS, DocuSign
met all IRS requirements, including:
1. Secure Authentication: DocuSign offers Single Sign On (SSO),
knowledge-based and multi-factor authentication options to ensure the
right person signs the right document every time.
2. Consumer Consent: DocuSign ensures consumers consent to doing
business electronically with the Federal government via a one-page
consent form presented to the signer after authentication and prior to
3. Separate Audit Trail: Every DocuSigned document includes a
separate certificate of completion ad legally binding audit trail with
detail on who signed, when and where.
4. Tamper Proof: Documents are encrypted on the DocuSign network
to prevent tampering and ensure validity.
When signed by a taxpayer, Form 4506-T authorizes the IRS to release
transcripts-not actual returns or copies-showing previous tax returns,
W-2 data, and 1099 information to a third party. This third party can be
a lender, employer or even one's accountant. The great majority of
requests for tax transcripts come from home lending institutions,
mortgage brokers, and real estate firms serving their clients. The IRS
has indicated that other forms approved for electronic signature will
DocuSign is used by businesses and organizations of all sizes, including
federal, state, and local government organizations like the State of
North Carolina for travel reimbursement approvals and California's Butte
County District Attorney's Office for expediting search warrants.
DocuSign helps government organizations - and businesses working with
government organizations - accelerate transactions, reduce waste and
costs, and create a better experience for citizens, vendors, suppliers
DocuSign users will be able to begin DocuSigning the 4506-T beginning on
January 7, 2013. Individuals and organizations interested in learning
more about DocuSign may visit http://www.docusign.com.
About DocuSign Inc.
is the leader in eSignature transaction management, and the global
standard for eSignature. DocuSign helps customers accelerate transaction
cycle times to increase speed to results, reduce costs, and delight
customers with the easiest, fastest, most secure global network for
sending, signing, tracking, and storing documents in the cloud. For more
information, visit www.docusign.com
or call 877.720.2040. Visit the DocuSign blog at www.docusign.com/blog
and follow DocuSign on Twitter,
DocuSign is a registered trademark of DocuSign Inc. All other
trademarked names or terms used in this document are the properties of
their respective owners.
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