Merchant Offer Requirements for Zero BizID Score
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Questions and Answers

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)?

  • 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?

  • 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?

    <p>The last three year's of business tax returns &amp; Signed 8821 form (Tax Guard)</p> Signup and view all the answers

    What is the purpose of the 8821 form (Tax Guard)?

    <p>To authorize the IRS to disclose tax return information to a third party</p> Signup and view all the answers

    When are the conditions of providing the last three year's of business tax returns and the signed 8821 form (Tax Guard) required?

    <p>When a merchant scores a zero on the BizID model</p> Signup and view all the answers

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