Thread: 4506-T form? American Express is requiring it!

Recently when I applied for a green card (no history with american express), I got a message as below:

Thank you for applying for the Green Card(R). Before we can finish processing your application, we need to verify some information with you.

Please complete the following on the 4506-T form:

Complete lines 1 - 4 as instructed.

• In line 6, please request tax form "1040" and check the box at the end of line 6a.
• In line 9, fill in the end date of your most recently filed tax return. Please note that your previous year's tax transcript will not be available from the IRS until August 1st of this year. To ensure prompt processing, please only request the most recent year available. (Ex: 12/31/20XX)
  

Please sign and date where indicated at the bottom of the page.

If you filed a joint tax return, please ensure that your spouse has also signed the signature block. To ensure timely processing please print clearly.

Please note that you do not need to reveal alimony, child support or separate maintenance if you do not want this considered in this application.

OR

If you are employed and you have not filed an income tax return in the past year, please provide us with your most recent pay stub. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.

OR

If you are not employed, please provide us with your most recent asset statement or bank statement. You can either fax this information to 1-801-945-2884 or mail this information to our address noted above.

I wonder, seeing this message, whether or not I can be get approved by them. And if I chose to send them my bank statement, is an online statement good or not?

thank you guys ^ ^

how much did you put for your income, this sounds as if they want to verify your income with the tax form. Or it could be you are on the cusp of getting the card, they just need the form to determine whether you are 'credit worthy' or not. Is this your first credit card?

I have this completed and i know folks that were "randomly selected" year after year. If you didn't inflate your income, complete it, but if you think your income might be different from what you indicated, you can always refuse and they will lower your credit limit.

If you stated that you are a small business owner I have heard of Amex and even Citibank requiring these forms during the application process. If you have nothing to hide, then you have no reason to worry. I would give them the recent paystub as it is February and you may not have filed your taxes yet.

But I agree with others' sentiments that after being a cardholder for many years, a Financial Review would cheese me off big time.

The only reason they asked for income verification is that they don't believe the income you reported on your application. IMO forget about Amex for now. You can alway apply again in 6 months showing the salary reduction you just took. I have been with Amex for many years and never had to verify income.

I was ticked off when i completed this request but i had nothing to hide and as Jeff indicated, you can always say no and go somewhere else. Keep in mind with regards to privacy; the banks have tools in place to see this information but it is probably cheaper with the 4506-T.

You can always request a lower credit limit and refuse

Originally Posted by ooxs

I was ticked off when i completed this request but i had nothing to hide and as Jeff indicated, you can always say no and go somewhere else. Keep in mind with regards to privacy; the banks have tools in place to see this information but it is probably cheaper with the 4506-T.

You can always request a lower credit limit and refuse

This true. If they ask a question, they know the answer.....ask a woman!