Category Archives: Financial

Why does my bank need a 4506-T?

A 4506-T is an IRS form also known as a “Request for Transcript of Tax Return.” This form requests that the IRS send you a copy of the tax return information they have on record, up to ten years prior. … Continue reading

Posted in 4506-Transcripts, Financial, Home Mortgage, IRS and Tax Transcripts, Small Business Loans | Tagged , , , , , | Leave a comment

What happens if you get audited?

There is a five-letter word most of us fear: audit. Movies and television shows have portrayed being audited as a scary experience with men in suits coming to your home and grilling you like a common criminal. The good news … Continue reading

Posted in 4506-Transcripts, business taxes, Financial, IRS and Tax Transcripts, IRS Tax Audits | Tagged , , , , | Leave a comment

What are the chances of being audited?

The Average American Has a Smaller Chance of Being Audited by the IRS It’s official: taxpayers today have a much smaller chance of being audited by the Internal Revenue Service (IRS). Budget cuts, staff reductions, and changes to collection policies … Continue reading

Posted in 4506-Transcripts, business taxes, Financial, IRS Tax Audits | Tagged , , , , , | Leave a comment

What Is Proof of No Income?

There are some circumstances that require a person to prove they have no income. Proving a negative is not as easy as proving a positive, but there are ways to do so. The following tips can prove useful. Utilize the … Continue reading

Posted in 4506-Transcripts, Financial, IRS and Tax Transcripts | Tagged , , , , , | Leave a comment

How does a lender verify income?

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 … Continue reading

Posted in 4506-Transcripts, Financial, Home Mortgage, IRS and Tax Transcripts | Tagged , , , , | Leave a comment