Posted on: 28th May, 2012 05:16 pm
I applied for a mortgage I amended the taxes and gave them the updated taxes without my business loss that I amended but when the request the transcripts from the IRS it will show the one that has less income because I claimed a loss for business until the new amended one shows that I am not claiming any loss I don’t know what will happen when that happens my w-2 and my job verified my income.
Hi Michelle!
Welcome to forums!
You can verbally let the lender know that you're not claiming the losses. Once the lender comes to know about this, I guess there won't be any problem to get a loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can verbally let the lender know that you're not claiming the losses. Once the lender comes to know about this, I guess there won't be any problem to get a loan.
Feel free to ask if you've further queries.
Sussane
Hello michelle,
There are a couple things you should know before you file an amended return. First off, you can only amend a return once the IRS has accepted the original. For paper filers, this happens as soon as the IRS receives the mailed copy of your return. But e-filers must wait for notice of acceptance from the IRS. If your return is ultimately rejected, you won't have to amend it at all.
:idea:
There are a couple things you should know before you file an amended return. First off, you can only amend a return once the IRS has accepted the original. For paper filers, this happens as soon as the IRS receives the mailed copy of your return. But e-filers must wait for notice of acceptance from the IRS. If your return is ultimately rejected, you won't have to amend it at all.
:idea:
