An individual's income can be a moving target -- particularly in the lower income range. That's the conclusion we reached in a study of 32 million employees based on anonymized and randomly sampled data from The Work Number®. In fact, we found that 80% of those with incomes lower than the federal poverty line saw incomes change more than 10% in a single quarter.
In states that provide tax incentives for investors in subsidized housing, property managers face additional hurdles – hurdles that may be overcome with a 4506-T. We talked to a California property management firm to find out why they execute 4506-T forms.
Many states may soon mandate that agencies develop better methods for gathering data to verify the eligibility of their clients. Laws proposed in at least seven states would require agencies to improve their methods for checking eligibility by establishing systems to verify identity and gather information on income and assets to improve integrity benefit programs.
Bills under consideration in at least three states would mandate that social service agencies determine eligibility by evaluating data on both income and assets. Equifax can provide data assets to help you maintain program integrity in the face of these heightened expectations.
Over 34 million people – that's the number of public sector employees, dependents, contractors, tax payers and government clients whose data was exposed in 2015 because of data breaches at government agencies. In the private sector, 170M consumers were exposed through other reported breaches; so indirectly, Federal Employee data has been exposed outside of just those breaches reported by the Federal Government.