Tax Return Amendments affecting FHA loan approval
I am currently in escrow for a property in southern california, and we are having trouble with the loan because this year I had to file an amendment on my taxes, and the amendment is still pending, and could be pending for another 2-3 months as the IRS is very backed up at the moment.
I tried going to the IRS and seeing if there was a way to expedite it, but I had no luck.
My question is, does anyone know a way I can get around this either with a FHA or conventional loan? We were looking at bank statement loans, and then refinance when the amendment goes through.
But of course I would rather get the FHA loan sorted now, if anyone knows a way to get around this I'm all ears! thanks!
Most Popular Reply
@Kevin King
You might want to check with your lender if they will accept a letter from your CPA indicating that the return was filed.
Amended returns can not be e-filed, I hope your CPA e-filed the amended return.
If you already paper-filed the return, I wouldn't e-file the return as that may cause issues.
- Basit Siddiqi
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