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IRS enhances business tax accounts with new access for S corporations and partnerships, enabling easier transcript management by going online

Overheard last night at a bar here in Austin, Texas: “It’s hotter than the hinges to the gates of hell.” Not so hot, as residential lenders know, are volume and mortgage rates (which some believe may drift down during the final five months of 2023). No one can predict interest rates with any degree of accuracy or confidence, so originators should optimize the current situation with the cards they have been dealt, which aren’t always good. Speaking of which, an owner of a non-bank lender who was doing $40 million a month a few years ago and who is now doing $10 milli...

The Internal Revenue Service is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance Child Tax Credit to include on their tax returns, instead of the numbers stated in the letters it has been sending and in the revamped Child Tax Credit site it recently unveiled.

Sales Jobs; Pre-Approval, Hobby Farm Products; Events and Training; Wholesale and Correspondent Updates Feb 2 2021, 8:14AM Okay boys and girls, besides it being a snow day in the Northeast, and Groundhog Day and Punxsutawney Phil's 135th prognostication, here is today’s short video math lesson: Snow+Pandas=Fun. Continuing with the four-legged theme, Chrisman LLC was dealt a blow to its morale yesterday when my cat Myrtle balked at joining the Super Bowl pool. She was nonpussed, uh, nonplussed when I assured her we could the draw numbers in person, unlike using Zo...

>> neil: explain that. you need the fha to write off on some of these loans and they can't do that, right? >> it really goes across more than just fha. income verification is really one of the things that are required in almost all mortgages. that's where complications come in. sometimes we're reaching out for tax transcripts. those are more challenging to get. and then depending on fannie, freddie or fha, you have to verify your employment. if you're a government worker, it's more complicated. if you have cash, we can help folks. that's not something that everyone has. with rates dropping rec...