What is the primary purpose of Form 4506?

The primary purpose of Form 4506 is to request a copy of a taxpayer’s tax return, which is essential for various reasons. Taxpayers may need a copy of their tax return for purposes such as applying for a loan, verifying income for aid or grant applications, or addressing personal records management. This form allows individuals or authorized third parties to obtain copies of prior filed tax returns directly from the Internal Revenue Service (IRS).

Understanding this function of Form 4506 highlights its importance in ensuring taxpayers can access essential financial documentation as needed for various legal or financial activities. Other options such as reporting foreign income, applying for tax exemption, or disputing an audit finding do not align with the specific function of this form, as they pertain to different processes and purposes within tax administration.