I didn't file a tax return in '06, yet. Just because I will only get a small return, but I will get a return. If I apply for a "stated income" Mortgage, I will still have to fill out a 4506-T form (IRS-Request for tax returns), but will it matter? Anyone who can shed light on this I would very much appreciate it.
2007-12-02 04:10:49 · 4 answers · asked by ayemyavatarismad 1 in Business & Finance ➔ Renting & Real Estate
Your w2 from 06 and 05, most recent paystubs, and a verification from your boss is sufficient.
However, if you're self-employed, you will need to show your tax returns and a statement from your accountant.
A "stated income" mortgage will have a higher interest rate. I would recommend avoiding that route if possible.
Good luck!
2007-12-02 04:17:06 · answer #1 · answered by doug4jets 7 · 0⤊ 0⤋
You are still require to file a tax return even if you are only getting a small refund and don't think it is worth it.
You'll need to file the return. Not only so that you can have an easier time getting a mortage but also to satisfy the IRS and avoid penalties.
2007-12-02 06:10:38 · answer #2 · answered by Tim 7 · 0⤊ 0⤋
I recommed that you filoe the tax return.
I also recommend that you hire an attorney who specializes in tax cases.
Failure to file a tax return is a felony even if the government owes you money.
I know it can be a pain in the neck, however I your tax attorney represents you properly it should not be a big problem, especially since the government owes you money.
I recommend that you get that issue taken care of now.
Also the mortgage that you get will be much cheaper. That will save you a great deal of money as well.
2007-12-02 04:25:23 · answer #3 · answered by Anonymous · 1⤊ 0⤋
properly constantly undergo in strategies this, there are people who artwork with IRS, or H&R Block which could get you a replica of any W-2 style or you're able to desire to flow back and communicate on your previous company, undergo in strategies records like that are constantly saved on record, the style of sources are countless... maximum own loan officers and actual property brokers relatively do not prefer W-2 varieties for evidence of earnings, there are others techniques
2016-11-13 06:29:03 · answer #4 · answered by cauley 4 · 0⤊ 0⤋