Tag Archives: 4506-Transcripts

Is It Possible To Purchase A Home Without Submitting Tax Returns?

The average mortgage applicant understands how the process works. When an application is submitted, lenders will verify information and consider the merits of the application. During this process, lenders perform background checks and analyze an applicant’s financial situation. Most lenders … Continue reading

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Do Mortgage Lenders Verify an Applicants’ Tax Returns with the IRS?

Mortgage lenders mandate that borrowers meet strict income requirements for a given loan. Countless loan applications are denied because applicants cannot meet these requirements. Similarly, lenders deny mortgage applications when they cannot verify income information. Prospective home buyers often wonder … Continue reading

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Can you purchase a house if you owe taxes?

To a certain level, mortgage lenders do not view debt as a no-go on offering you a home loan. Collections and judgments from private entities hurt, but nothing hurts as bad as owing the government unpaid funds. Even if the … Continue reading

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How do you show proof of income for self-employment?

It’s important for individuals with self-employment income to understand that, unlike with wage earnings issued by an employer, their income as an independent contractor, sole proprietor, part-time or full-time business owner, or small business owner doesn’t have automatic tax deductions … Continue reading

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Where does all the Social Security money go?

Former United States President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935. One of the benefits provided to United States citizens by the Social Security Act is a payment of “social insurance” to people … Continue reading

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