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What does A 4506 t look like Form: What You Should Know
Use Forms 8718 and 8621 as necessary documentation of the organization's exempt status.
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Now I'll be the first to admit that sometimes on the surface the conditions and the requirements for getting approved for a mortgage loan seem to be a little bit overkill what for example why do we need the w2s the tax returns pay stubs a written verification from your employer and proof of the IRS's records that's a lot of documentation just to validate your income unfortunately those are the requirements from the investors the investors are ultimately trying to make sure that the loan is going to perform and we're under a lot of regulation to make sure that that your ability to repay a loan is satisfactory now we try to get a lot of this documentation upfront or as quickly as we can early in the process hopefully before you go under contract and before you start looking for a home to make sure that we've cleared any hurdles and cleared all the traps that might give us problems later and in our experience we've seen examples where the IRS didn't have a record of the tax returns that were filed and it was a product of the cpa for example not filing the taxes properly the IRS never received so we try to do as much as we can up front to prevent some heartache when you are under contract getting ready to move it to the house and have your family you know all packed up boxed up trucks in front of the door you want to make sure that we try to clear those traps before it ever happens.