Sentences with phrase «business federal income tax returns»

Most recent two (2) years of business federal income tax returns with ALL schedules for each applicant, if applicable

Not exact matches

Some of the highlights include a documentation reduction from two years of federal income tax returns to one, in certain cases; and, a new income calculation for business owners with little or no history of distributions.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

The income of self - employed borrowers is verified by obtaining copies of personal (and business, if applicable) federal tax returns for the most recent two - year period.

Some of the highlights include a documentation reduction from two years of federal income tax returns to one, in certain cases; and, a new income calculation for business owners with little or no history of distributions.

In addition to two years of federal income tax returns, both personal and business, a self - employed person may need to provide a mortgage lender with two months of personal and business checking account statements plus information on investment accounts when they apply for a mortgage.

However, a person who has a shorter history of self - employment — 12 to 24 months — may be considered, as long as the borrower's most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

For example, if your state taxes the gross income of your business, you can deduct that tax on your federal return.

State income, business, and estate tax returns, personal property tax returns, and confidential records held pursuant to § 58.1 - 3 (which include any information with respect to the transactions, property, including personal property, income or business of any person, firm or corporation and any copy of a federal return or federal return information required by Virginia law to be attached to or included in the Virginia return)(§ 2.2 - 3705.7 (1)-RRB-

The information was discovered after the racetrack owner deducted the stock value from her federal income tax returns, based on her belief that the payoff was a necessary expense to do business in Illinois.

Dynamic and hard - working Tax Preparer with seven years experience in preparing the income taxes for individuals and businesses; who has a deep knowledge of the rules and regulations in the field and of the state and federal laws used to prepare tax retTax Preparer with seven years experience in preparing the income taxes for individuals and businesses; who has a deep knowledge of the rules and regulations in the field and of the state and federal laws used to prepare tax rettax return

Handled preparation of business income tax returns, sales tax returns for multiple states, personal property tax returns for multiple states as well federal and state individual income tax returns.