Category Archives: Small Business Loans

What is the difference between taxable income and adjusted gross income?

Posted on January 5, 2019 by

When doing your taxes, you will find that there is a difference between taxable income and adjusted gross income. Understanding the difference can be useful in various areas. For instance, if you are applying for a loan or for certain … Continue reading →

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

What You Need to Know About the 4506-Transcript Income Verification

Posted on November 16, 2018 by

If you are a financial institution such as a credit union, mortgage lender or bank, you may be able to take advantage of a recap regarding how 4506-Transcripts may assist you. The IRS grants wage-income transcripts as well as W-2 … Continue reading →

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What Borrowers Should Know About A 4506-T

Posted on November 6, 2018 by

If you’re applying for a mortgage or other loan, your lender may ask you to sign an IRS Form 4506-T. This form allows the lender to request your tax transcripts directly from the IRS for the last three years. A … Continue reading →

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

What is an SSA 89 form used for?

Posted on September 28, 2018 by

The SSA 89 form is an authorization for the Social Security Administration to release your social security information. It authorizes the administration to verify whether or not your name and the social security number you provide to a lender match … Continue reading →

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