Buying a home involves a lot of paperwork, and the most important pieces of paperwork are tax returns. Mortgage companies use to allow home buyers to state their income without any documentation, which led to the housing market crash in 2008. Now, whenever someone is
Sometimes you or a third party individual or company might need to retrieve past tax return transcripts from the Internal Revenue Service, including W-2 Wage and Tax Statement, 1099 Miscellaneous Income, 1040 U.S. Individual Income Tax Return, 1120 U.S. Corporation Income Tax Return and 1065
When people borrow money from lenders like banks and credit unions to buy a new home or they refinance an existing mortgage, they are asked to submit IRS Form 4506-T Request for Transcript of Tax Return to confirm past and most recent tax return income
Tips to Prevent Mortgage Fraud Posted on March 7, 2017by Sandra James People may not think they have control over issues related to mortgage fraud. However, when shopping for a home mortgage loan, potential borrowers may take some steps so they do not inadvertently engage in unethical activities. Previously, lenders
One of the most time-consuming aspects of the mortgage application process is gathering together all of the paperwork your mortgage lender requires. Included in the many items that lenders commonly request are prior years’ tax returns. It is common for lenders to ask to see
The mortgage market has fraudulent activities. So, lenders want to protect themselves against unscrupulous borrowers. The IRS Form 4506 T gives loan officers permission to get your IRS transcripts. The transcripts show various years of your federal income tax filing. You do not have a choice
T he 4506-T is an IRS form that authorizes lenders to obtain your recent tax transcripts. This is a way for the creditor to verify your income, deduction claims, and any owed taxes showing on your return. The form must be filled out in a very
You can greatly improve your odds of successfully financing your business and getting a good start by understanding your options and needs when it comes to financing your business. Consider the following 8 factors to help you start, grow, and manage your business. Startup Costs (Estimation)Determining
Ready to Start your Small Business? If you’re a woman looking to open her own business, it’s never been easier to become a successful entrepreneur. But to run a successful business, you’ll need more than a great idea and a vacant building–you’ll need enough funding to
Acquiring a small business loan is important for expanding your business. The thought of borrowing money often makes small business owners nervous, but as long as you’re organized and understand how loans work, then you’ll be fine. Here are five things you need to know