4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686
Last week I mentioned talking to a mortgage lender and the long wait time for a transcript of your tax return from the IRS. During that same conversation she mentioned an issue one of her client’s was having. They had put the income and expenses from their rentals on a Schedule C. The mortgage lender […]
View Post Mortgage Lenders, Rentals, Schedule C, Schedule E, Self-employedI applied to refinance a mortgage the other day. One of the pieces of paperwork I had to fill out was a Form 4506-T. It is a request for a transcript of my tax return to the IRS. I asked if I couldn’t just give them a copy of my tax return and they said […]
View Post Mortgage, Self-employedThe IRS has a system error that occurs on individual tax returns that pay self-employment taxes. The system is issuing IRS notices to individual taxpayers in several situations, including: • Taxpayers who have more than one Schedule C • Taxpayers who have a Schedule C and S corporation K-1 • Taxpayers who have an S […]
View Post Error, Refund, Self-employed