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Which documents are required when generating an offer for a merchant that scored a zero on the BizID model?
Which documents are required when generating an offer for a merchant that scored a zero on the BizID model?
- A signed non-disclosure agreement
- A copy of the merchant's driver's license
- The last two year's of personal tax returns
- The last three year's of business tax returns (correct)
What is the purpose of the 8821 form (Tax Guard)?
What is the purpose of the 8821 form (Tax Guard)?
- To confirm the merchant's employment history
- To authorize the release of the merchant's tax returns to the lender (correct)
- To request a credit report for the merchant
- To verify the merchant's identity
When are the conditions of providing the last three year's of business tax returns and the signed 8821 form (Tax Guard) required?
When are the conditions of providing the last three year's of business tax returns and the signed 8821 form (Tax Guard) required?
- For all merchants
- Only for merchants with a high credit score
- Only for merchants with a low credit score (correct)
- Only for merchants who have been in business for less than a year
Which documents are required when generating an offer for a merchant that scored a zero on the BizID model?
Which documents are required when generating an offer for a merchant that scored a zero on the BizID model?
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What is the purpose of the 8821 form (Tax Guard)?
What is the purpose of the 8821 form (Tax Guard)?
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When are the conditions of providing the last three year's of business tax returns and the signed 8821 form (Tax Guard) required?
When are the conditions of providing the last three year's of business tax returns and the signed 8821 form (Tax Guard) required?
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