Buying a home is one of the most important and difficult steps many of us undertake as we try to get a foot on the property ladder. There are many parts to the process of buying a home, but one of the most important parts
Tax season is approaching quickly. Few people feel comfortable filing their taxes without a professional looking at their tax return. One of the most critical aspects of a tax return is the adjusted gross income. The adjusted gross income determines which tax bracket a person
When doing your taxes, you will find that there is a difference between taxable income and adjusted gross income. Understanding the difference can be useful in various areas. For instance, if you are applying for a loan or for certain kinds of benefits, they may
If you are a financial institution such as a credit union, mortgage lender or bank, you may be able to take advantage of a recap regarding how 4506-Transcripts may assist you. The IRS grants wage-income transcripts as well as W-2 returns over the last decade, retirement
Form 4506t is a Federal tax form commonly referred to as the Tax Transcript form. This common form is used to: Request a personal tax return copyDesignate a third party to receive a personal tax return copy Form 4506t researches (2) years of past Federal tax returns
CBSV, or the Consent Based Social Security Number Verification Service, is a part of the Social Security Administration, an agency within the U.S. government that was created by Franklin D. Roosevelt during the Great Depression. Indeed, when companies or other entities use CBSV, there are many
When you apply for a loan, whether it’s a car loan, a mortgage or a personal loan, the lender generally will require you to show proof of income. The lender does this because it wants to be sure you can afford the monthly payments and
When you apply for a mortgage or another type of loan, the lender will typically need to verify your employment before they can approve you. Along with contacting your current employer, lenders will also want to verify any documentation you have on your income. Before
You may think that you are in the clear once your tax refund check arrives. However, this is not necessarily the case, and you should keep a copy of your tax return in case the IRS decides to audit it. The IRS Has Three Years to
