The Internal Revenue Service’s Income Verification Express Service (IVES) is a powerful Accio Data platform-integrated tool for employers seeking to verify an employee’s employment history. By leveraging official IRS tax records, IVES provides a secure, efficient, and reliable method for confirming critical applicant data. Below, we explore the key advantages of using IVES for employment verification and how it can benefit employers in their hiring and compliance processes.

  1. Enhanced Accuracy and Reliability
    IVES provides access to official IRS wage and income documents, such as W-2s and 1099s, which are directly sourced from employer-submitted tax records. This ensures that the information is accurate and free from potential misrepresentation by applicants. Unlike traditional verification methods that rely on self-reported data or third-party sources, IVES offers a direct link to authoritative records, reducing the risk of errors or fraud. This accuracy is crucial for employers to make informed hiring decisions and avoid issues like résumé fraud, which can lead to costly hiring mistakes.
  2. Streamlined and Efficient Process
    IVES offers a fast and automated process that significantly reduces the time and effort required for employment verification. Employers who are clients of Accio Data enterprise platform CRAs can submit requests and receive transcripts in near real-time, provided they have taxpayer consent. This is a vast improvement over traditional methods, such as manual verification through phone calls or emails, which can take days or weeks.
  3. Improved Security and Compliance
    IVES prioritizes data security and compliance with federal regulations. Employers must obtain explicit taxpayer consent through an online IRS account, ensuring that sensitive information is only shared with authorized parties. This compliance with privacy laws, such as the Fair Credit Reporting Act (FCRA), helps employers avoid legal risks and maintain trust with employees.
  4. Comprehensive Employment Insights
    IVES provides access to up to 10 years of employment data, offering a detailed view of an applicant’s employment history. This includes information from multiple employers, even those not disclosed on a résumé, which helps uncover discrepancies and combat fraudulent claims. This comprehensive insight supports better decision-making during the hiring process.
  5. Cost-Effective Solution
    While IVES charges a fee per year or transcript requested, the service is cost-effective when compared to the administrative burden of manual verification processes or some third-party databases. The fee ranges from $15 for a one-year search to $37.50 for 10 years of history. By automating verification, IVES reduces the need for staff to spend time contacting previous employers or handling paperwork, allowing them to focus on other critical tasks.

Conclusion
The IRS Income Verification Express Service (IVES) is a valuable resource for employers looking to streamline employment verification while ensuring accuracy, security and compliance. By providing access to authoritative tax records, IVES helps employers make informed hiring decisions, reduce administrative burdens, and support employees during critical financial moments. For businesses aiming to enhance their verification processes and mitigate risks, IVES is a reliable and efficient solution.

For current Accio-client CRAs looking for more information on enrolling in IVES or submitting verification requests through the Accio platform, contact your account manager. For CRAs who want to learn more about Accio Data’s powerful enterprise platform, click here.