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fredlennartz · Joined: 09 Jun 2010 Posts: 5 2.04 Dollars($)

Thanks Sussane, but technically the question is not answered completely.... Does anyone know how long it takes for taxes that are sent in to the IRS, to show up on your transcripts. That's my only real concern. I turned everything in legit. Just made a mistake in 2008 tax, fixed it, paid the difference and everything. Nothing shady, just worry because of the timing, it might not be on my transcripts in time for closing. Like I stated above, I sent them in 2 weeks ago, and I am closing in about 10 weeks, because it is a new build. Any thoughts on this issue?

Niicss · Posted: Mon Jun 14, 2010 2:41 am Post subject:

Well, I won't be able to let you know the exact time period within which the taxes are sent to the IRS. It would be better if you could get in touch with your tax adviser and he will help you in knowing the exact time period. You can even inform the lender about this whole issue in details. I'm sure he would understand your case.

gmakerley · Posted: Sat Jun 19, 2010 8:41 am Post subject:

A 4506T became de riguer earlier this year for all borrowers. One doesn't have to be self employed to have to provide one.

oswingrant · Joined: 13 Mar 2010 Posts: 57 0.39 Dollars($)

Yeah, if your 4506-t matches what you have put down on the loan application you will not have any problems. I would suggest wait for the loan to go through, then go after correction your income with the IRS and keep a record of that correction plus what you had before. That way if it ever becomes an issue it will show that your figured out the mistake after your home loan went through. If you do it the other way around you may not be approved for the loan and will probably have to re-do everything with the lenders.

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question about the 4605t form