04-25-2013 01:48 PM
I had to use 2011 and 2012 on application. After paying for appraisal inspections and paying my CPA for a letter i was denied because IRS has not processed my 2012 return yet. Was efiled Jan 30th.
I told them i was losing $700 and my house. Basically tuff luck try again in July, maybe we will have gotten to it by then.
I had to do 2011 and 2012 because im self employed only those 2 years.
04-25-2013 02:11 PM
Holy crap man that's devestating...are there no other options, that's basically it?
I'm sweating bullets now because I am in the same boat, I will need 2012 taxes and I e-filed and the taxes were "accepted" on 03/24.
04-25-2013 02:22 PM
Mine show accepted Jan 30th but in processing ever since.
Yeah thast it, no 2 returns no house.
04-25-2013 02:29 PM - edited 04-25-2013 02:31 PM
If you are due a refund, they process the taxes fairly quickly. If you owed taxes, it gets put in the back of the line, even if you already paid the owed taxes. Freaking out over here, on the phone with the IRS right now trying to get through all the menus to talk to someone.
04-25-2013 02:31 PM
Mike_B03 wrote:If you are due a refund, they process the taxes fairly quickly. If you owed taxes, it gets put in the back of the line, even if you already paid the owed taxes. Freaking out over here, on the phone with the IRS right now trying to get through all the menus to talk to someone.
Wow, didn't know. I'm gonna make sure that i over withhold my tax every year from now on.
04-25-2013 04:44 PM
Have you contacted the Taxpayer Advocate's office? If not, you should- maybe they can help.
Did you escalate to someone higher up- President, VP, something, in your lender's company? I would try that as well, in addition to contacting the Taxpayer Advocate's office.
04-25-2013 04:51 PM
Dug this up online, pretty cool...didn't know this existed. I don't know if I should wait and see if the UW will run into a problem (dont know if they will actually require transcripts or if just our copies are ok) or if I should jump ahead and see about getting the taxes processed asap.
You can also call the Taxpayer Advocate Service toll-free at 1-877-777-4778, or fill out Form 911,Request for Taxpayer Advocate Service Assistance, and fax or mail it to the address above.
The Taxpayer Advocate Service is your voice at the IRS. Our job is to ensure that every taxpayer is treated fairly, and that you know and understand your rights. We offer free help to guide you through the often-confusing process of resolving tax problems that you haven’t been able to solve on your own. Remember, the worst thing you can do is nothing at all.
TAS can help if you can’t resolve your problem with the IRS and:
If you qualify for our help, we’ll do everything we can to get your problem resolved. You'll be assigned to one advocate who will be with you at every turn. Although TAS is independent within the IRS, our advocates know how to work with the IRS to get your problems resolved.
As a taxpayer, you have rights that the IRS must abide by in its dealings with you. Our tax toolkit can help you understand these rights.
04-25-2013 06:13 PM
My guess is you would have to wait and see if the your lender needs the transcript. I used the Advocate's years ago, and they resolved my issue, but I had to provide them with written proof that the delay processing my return was adversely affecting me/creating a hardship. Since your lender hasn't requested the transcript, or put anything in writing stating your loan will be declined without it, you wouldn't have any documentation to provide the Advocate's office with.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.