Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-21-2019, 10:23 PM
Junior Member
 
Join Date: Feb 2019
Posts: 1
Need transcripts for mortgage? Not ready until June!?

My boyfriend is looking at purchasing a home. This has been a year long endeavor. Trying to get the mortgage on his previous two years of taxes wasn?t allowing him to be approved for enough, but with 2017 and 2018 he will have no problem getting financing for the home he wants.

Problem is.. he paperfiled his 2018 taxes, and he will have to pay in as he did last year.

The irs site says they will not be processed until June. Is this accurate?

Is there ways that lenders will approve for a loan without the actual transcript but with all of the info from the accountant?

Knowing the irs i know it?s likely impossible to have this process expedited.

We can?t seem to find the answers online anywhere. Any input of experience would be appreciate!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-22-2019, 08:21 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,227
The irs site says they will not be processed until June. Is this accurate? ================>>probably however, for sure, plz directly contact the irs

Is there ways that lenders will approve for a loan without the actual transcript but with all of the info from the accountant?==============>as you can see, in general, A tax return is the form thatyou, a taxpayer, file with the IRS when you pay taxes or request a refund. ... A tax account transcript contains the same information as the tax return transcript along with additional items such as marital status, taxable income and the type of tax return you filed.
I am not quite sure of this ; I guess you need to contact a mortgage professional for more accurate help in detail.

note: taxpayers may order a tax return transcript online and have it delivered by mail, go to IRS.gov and use the Get Transcripttool. To order by phone, you my call 800-908-9946 and follow the prompts. To request an individual tax return transcript by mail or fax, you need to complete Form 4506T-EZ,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Old Tax Returns/Transcripts Golddust1957 Income 1 11-12-2014 10:44 AM
Closing date to Report Foreign Bank Accounts-June 30th 2013! TaxGuru For 2013 0 06-24-2013 09:49 AM
New Form Aids Processing of Mortgage Applications and Ordering Tax Transcripts Simple Samatg General 0 10-23-2009 05:22 PM
Can a taxpayer go directly to the IRS to receive the transcripts from Form 4506-T? TaxGuru Miscellaneous 0 07-05-2009 10:18 AM
IRS Reminds Taxpayers to Report Certain Foreign Bank & Financial Accts by June 30! TaxGuru For 2008 0 06-19-2008 12:37 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning