Tag Archive for: IRS

ITIN Mortgage Loans: A Comprehensive Guide

Dive into our comprehensive guide to ITIN mortgage loans. Learn about ITIN numbers, eligibility requirements, and how to navigate the ITIN mortgage loan process.Read More

Proving Taxes Are Real & Filed; IRS Form 4506-C

Mortgage lenders are required to get the last two years of tax returns for almost every borrower – and then prove that the tax returns are authentic and actually filed […]Read More

Must Prove Taxes Are Paid; Payment Plan

We collect the last two years of filed tax returns from almost every borrower, as required for almost every loan program. If the tax returns indicate that income taxes are […]Read More

Tax Transcripts; Proof Taxes Were Filed; 4506-T; How It Works

Every lender is required to get the last two years of tax returns from every borrower for almost every loan. We then have to prove that the tax returns are authentic and that they were actually filed with the IRS.Read More

Income Taxes Owed Is OK; Tax Liens Must Be Paid Though

This is a quick reminder that borrowers can still obtain mortgage financing even if they owe income taxes.  But, a payment plan with the IRS must be in place. For FHA, […]Read More

IRS Only Allows Deductions For Those Who Actually Pay

We often have borrowers who are just co-signing or going on title, but they have no intention of making payments. These same borrowers also often want to “take the tax […]Read More