"Paul" <taxman[at]negia.net> wrote:

- quote -

Odd...I've never had to submit my tax return, only two
year's W-2's. I do sign the authorizations allowing them to
obtain my tax records. I guess they figure if they're doing
that, why bother with a copy of the returns.

Mike

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"TaxmanHog" <taxmanhog[at]comcast.net> wrote:
- quote -

Here is a elaboration of how the system of the future is
going to work:
<<http://www.rapidreporting.com/redir.php?id=4>
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MrSmirky wrote:

- quote -

As a matter of procedure, you sign a form 4506 which gives
them permission.

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mrsmirky1[at]insightbb.com (MrSmirky) writes:

- quote -

If they're concerned about it, they'll have you sign a
release that gives them access.

Phil Marti
Topeka, KS

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"MrSmirky" <mrsmirky1[at]insightbb.com> wrote

- quote -

That's a good one. You sign a tax information release.
They send it in. The IRS sends then the info.

If it doesn't jive, you get a nasty knock on your door at
the most inopportune time from some law officers about bank
fraud or income tax fraud.

--
Paul A. Thomas, CPA
taxman[at]negia.net

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"MrSmirky" <mrsmirky1[at]insightbb.com> wrote:

- quote -

Well, one time I got away with telling the bank that since
we both knew I could put anything I wanted on the tax return
I gave them, lets skip it altogether. But I knew the loan
officer and she knew I was a CPA.

I have had cases where the lending institution has sent me a
copy of a return provided to them by a tax client asking me
to verify that it was indeed the return I prepared.

And I have heard that they can send a copy of a return
submitted by the borrower to the IRS and ask for
confirmation that it is indeed the return that was filed.

I can only guess that mortgage companies would be leery of
self prepared returns that involved much more than W-2's,
1099's and K-1's that they can get copies of.

Jo

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- quote -

They can't. <VBG
Carol

If you awoke to find yourself a success, you weren't asleep.
Semper Gumby (Always Flexible)

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"MrSmirky" <mrsmirky1[at]insightbb.com> wrote:

- quote -

Per the disclosure authorization you might have signed
buried amongst the application process at the mortgage
company,

The IRS is developing an automation system to make it quick
& easy for financial Institutions to validate information on
the mortgage application, this does not mean full access all
return information or accounts status

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"MrSmirky" <mrsmirky1[at]insightbb.com> wrote:

- quote -

If you didn't sign authorizations, they don't.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

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- quote -

You sign form 4506 at closing, which allows the mortgage
company to get a copy of your return. But YOU are the one
authorizing it.

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

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So I asked the IRS on the phone the other day who as access
to my tax records and they informed me that nobody can
access my records. How does a mortgage company verify
whether your return is valid?

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