Monthly Archives: February 2017

Form 4506 Definition

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 … Continue reading

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FAQ: 4506-T

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 … Continue reading

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Why Homeowners Should Take Notice Of Their 4506-T

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 … Continue reading

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An Indepth Look At The Tax Transcripts & 4506-Ts

Lenders have begun experiencing difficulty in regards to obtaining tax information from the IRS. Initially the IRS blamed the slow transcript turn times on budget cuts. The IRS believes that their computers are running slower even as employees get paid … Continue reading

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