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With borrower authorization, users can request transcripts via a third-party provider, submit the report ID to LPA, and let AIM calculate income while issuing updated feedback messages. The document defines message codes and explains eligibility limits, resubmission rules for updated tax transcripts, and requirements to retain specific tax forms and income calculation reports in the loan file.",{"@graph":63,"@context":110},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/asset-and-income-modeler-aim-for-income-using-tax-transcripts-effective-august-2-2023-feedback-messages/302191/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/asset-and-income-modeler-aim-for-income-using-tax-transcripts-effective-august-2-2023-feedback-messages/302191.png","ImageObject",442,249,{"name":88,"@type":89},"Margaret","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-26","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104],{"name":105,"@type":106,"acceptedAnswer":107},"When must a user resubmit with updated tax transcript data?","Question",{"text":108,"@type":109},"If the Application Received Date is on or after the relevant tax filing deadline date, the user must resubmit with the updated TaxReturnYear tax data. 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With borrower authorization, you can request tax transcripts (for sole proprietorship) directly from the IRS via a third-party provider. Then, submit the report ID to LPA and let AIM do the calculation work.  \n\n| Message\u003Cbr>Code | Original or Existing text (if applicable) | New Message Text | Feedback\u003Cbr>Certificate,\u003Cbr>Error Page | Purpose |\n| --- | --- | --- | --- | --- |\n| Employment and Income Message Updates |  |  |  |  |\n| FEI0300 | N/A | AIM for self-employed using tax transcript data can assess income only from sole proprietorships reported on IRS Schedule C. If \u003C\u003CBorrowerFullName>> reports selfemployed income on Schedule E or For has ownership in a corporation, the loan is not eligible for automated income assessment using the \u003C\u003CThirdPartyServiceProviderName>>: \u003C\u003CThirdPartyReportIdentifier>> report. Income from other types of businesses may be eligible for AIM for self-employed using tax return data. | Feedback\u003Cbr>Certificate | New message that will instruct user of allowable income using tax transcripts. |\n| FEI0301 | N/A | \u003C\u003CBorrowerFullName>>'s submitted self-employed income of $\u003C\u003CCurrentSelfEmploymentMonthlyIncomeAmount>> is relieved of representations and warranties for the accuracy of the income calculation and integrity of the tax data. This income was assessed using the \u003C\u003CThirdPartyServiceProviderName>>: \u003C\u003CThirdPartyReportIdentifier>> report dated \u003C\u003CThirdPartyReportDate>> . Form 91 or similar alternative form, tax data, and all other documentation must be retained in the loan file. | Feedback\u003Cbr>Certificate | New message that will instruct user of allowable income using tax transcripts. |\n| FEI0302 | N/A | If Application Received Date is on or after \u003C\u003CCurrentYearTaxFilingDeadlineDate >>, resubmit with \u003C\u003CTaxReturnYear>> tax data. | Feedback\u003Cbr>Certificate | New message that will inform user toresubmit with an updated tax transcript. |\n| FEI0303 | N/A | To retain income representation and warranty relief, Note Date must be before May 31,\u003C\u003CApplicationReceivedDateYear>> . If Note Date is May 31,\u003C\u003CApplicationReceivedDateYear>> or | Feedback\u003Cbr>Certificate | New message that will inform user toresubmit with an updated tax transcript to retain income representation and |\n\n\n| Message\u003Cbr>Code | Original or Existing text (if applicable) | New Message Text | Feedback\u003Cbr>Certificate,\u003Cbr>Error Page | Purpose |\n| --- | --- | --- | --- | --- |\n|  |  | later, resubmit with\u003Cbr>\u003C\u003CTaxReturnYear>> tax data. |  | warranty relief depending on note date. |\n| FEI0225 | ~BorrowerFullName~'s submitted selfemployed income of~SubmittedSelfEmploymentIncomeAmount~ is relieved of representations and warranties for the accuracy of the income calculation and the business and income analysis. This income was assessed using the [~TaxVendorName~:\u003Cbr>~TaxVendorReportID~] report dated~ReportDate~. The income calculation report, tax returns, and all other documentation uploaded to~TaxVendorName~ must be retained in the loan file and no further documentation is required for this income. | \u003C\u003CBorrowerFullName>>'s submitted self-employed income of $\u003C\u003CCurrentSelfEmploymentIncomeAmount>> is relieved of representations and warranties for the accuracy of the income calculation and the business and income analysis. This income was assessed using the \u003C\u003CThirdPartyServiceProviderName>>: \u003C\u003CThirdPartyReportIdentifier>> report dated \u003C\u003CThirdPartyReportDate>> . The Income Calculation Report, tax data, and all other documentation must be retained in the loan file. | Feedback\u003Cbr>Certificate | Message has been updated to provide clarity to users. |\n| FEI0247 | Unable to assess self-employed income because invalid tax return year(s) present in data provided by ~DataProvider~. Submit either IRS Form 4868 for~ApplicationReceivedDateYear-1~ or com","cbCaisOL7ElZxni5","https://ap.wps.com/l/cbCaisOL7ElZxni5","pdf",177345,10,"English","# Message Code Updates\n## Employment and Income Message Updates","[{\"question\":\"When must a user resubmit with updated tax transcript data?\",\"answer\":\"If the Application Received Date is on or after the relevant tax filing deadline date, the user must resubmit with the updated TaxReturnYear tax data. Additional rules apply to Note Date timing to retain income representation and warranty relief.\"}]","Asset and Income Modeler (AIM) for Income Using Tax Transcripts - Effective August 2, 2023 - Feedback Messages | PDF",1789790160]