NCS Announces a Breakthrough in Negotiations With The IRS
-- NCS, in a collaborative effort with other industry leaders, reduces proposed IRS surcharge for tax return transcripts.
-- Company also succeeds in cutting turn-time for all TRV (R) Services.
NCS, Inc., a risk analysis leader retailing its TRV (R) branded services through 150 plus credit reporting agencies throughout the United States, announced today a positive step forward towards reducing turn time and improving the usability of tax return transcripts through a newly designed IRS system.
Original IRS cost estimates included a $12.00 surcharge for each transcript year requested. NCS participated in negotiating the cost through the Fraud Prevention Coalition, an alliance of industry leaders, to $4.50 per year requested.
"We're anxious to see the reduction in turn-time this program has promised to provide," says Bob Knuth, President and CEO of NCS. "We're also excited that NCS will be well positioned to take advantage of the IRS's electronic services through our own internal and external system rewrite we hope to conclude in the next two months."
New program addresses NCS's concerns for consumer privacy
"The security in place for this electronic delivery system is a great step forward, and we applaud the development team at the IRS for insuring consumer privacy in today's climate of increased ID theft," said Knuth. "NCS's retail alliance of credit reporting agencies (TRV (R) Alliance Partners) are positioned and ready to help lenders and benefit providers fight fraud and profit losses with the IRS's new program and NCS's system upgrades."
About NCS, Inc.
NCS, Inc. is a leader in risk reduction services with the distinction of being the first organization in 1994 to offer IRS & SSA income and ID verification nationwide. Since 1987, NCS has offered advanced quality products and services to professionals in and outside the mortgage industry with the customer service mantra of, "beyond the expected(sm)."
NCS and its credit reporting affiliate NCS/Credit Central, Inc. are headquartered in Egg Harbor City, NJ. For further information on NCS and the TRV (R) Alliance, please call (800)-582-7066, or visit www.ncstrv.com.