[quote=SK in CV]Why don’t you just tell them the truth. Your return has just been or just about to be filed, and the IRS hasn’t processed it yet. I presume it is still standard practice for underwriters to request and receive authorization to receive copies of returns from the IRS (which it sounds like you’ve already provided). They’ll get the copy (or transcript) of the return after it’s processed.
Essentially the lender is in the exact same position as they are when a borrower has a valid extension to file their return.[/quote]
A guy I know is buying a house. He and his wife filed paper return back in March, but for some weird reason his processed tax return was not entered into the system until few days ago. The lender would not accept IRS-stamped copy of processed tax return. He had to wait for data monkey to input all the numbers, which finally happened this week. He was originally scheduled to close near the end of May.
