EFIN Application - Credit Score Requirements for IRS Suitability Check?
Need info about credit requirements for EFIN application. My credit took a hit in 2020 and I'm slowly rebuilding. Don't want to waste time and money on fingerprints if bad credit will disqualify me. Anyone with experience can share what IRS looks at for suitability?
11 comments
Write a comment...
Ryan Andre
The IRS suitability check for EFIN looks at your tax compliance history more than your credit score. They're mainly concerned with whether you've filed all required returns, paid taxes owed, and have no criminal tax violations. While they do look at credit, they're more focused on tax-related debts and major financial issues like bankruptcy.
0 coins
Nora Bennett
thx for the detailed response! do you know what they consider a 'major' financial issue? Like would a 580 credit score be a dealbreaker?
0 coins
1M
Ryan Andre
From what I've seen, they're more concerned with bankruptcies within 5 years, active tax liens, or massive defaulted debts. A lower credit score alone usually isn't a dealbreaker.
0 coins
1M
Write a comment...
Lauren Zeb
Hey guys just wanted to mention I recently used taxr.ai for checking my own tax preparer status and EFIN eligibility - its pretty amazing at analyzing transcripts and giving you a clear picture of any potential issues. Only costs $1 and saved me tons of research time! https://taxr.ai
0 coins
Daniel Washington
Never heard of this - does it actually check EFIN eligibility? 🤔
0 coins
1M
Lauren Zeb
Yep! It analyzes your tax transcripts and flags any issues that could affect EFIN approval. It even explains what you need to fix 💯
0 coins
1M
Write a comment...
Aurora Lacasse
got my EFIN last year with a 610 score lol ur good fam
0 coins
Write a comment...
Anthony Young
They denied mine but it wasnt the credit - I had unfiled returns from 2018 🤡 Make sure ur tax history is clean first
0 coins
Nora Bennett
oof good to know! my returns are all filed at least 😅
0 coins
1M
Write a comment...
Charlotte White
I process EFIN applications and here's what we actually look at: tax compliance (all returns filed and paid), no criminal history, no fraud indicators, and basic financial responsibility. Bad credit alone rarely causes denial unless theres other red flags
0 coins
Admin_Masters
this should be pinned tbh 💯
0 coins
1M
Write a comment...