Silverline
Junior Member
What is the name of your state (only U.S. law)? Ohio
It's my understanding that back taxes to IRS are not included in your credit report as long as it's less than $10,000 and you've entered into a payment plan agreement [and maintain scheduled payments]. My question pertains to when you turn over your prior two years tax returns for closing. If your tax returns states you owe are you required to prove that debt is settled [paid in full]?
The IRS has not filed a notice of federal tax lien (NFTL) for the debt. I mailed my amended return yesterday, along with form 9465 requesting a payment plan to settle up. I understand each lender is unique and it's difficult to forecast everything that may happen or be required. Just trying to get a handle on what is customary / typical in most situations. Basically, what is the likelihood the bank will consider the debt owed to the IRS when factoring your loan approval? TIA
It's my understanding that back taxes to IRS are not included in your credit report as long as it's less than $10,000 and you've entered into a payment plan agreement [and maintain scheduled payments]. My question pertains to when you turn over your prior two years tax returns for closing. If your tax returns states you owe are you required to prove that debt is settled [paid in full]?
The IRS has not filed a notice of federal tax lien (NFTL) for the debt. I mailed my amended return yesterday, along with form 9465 requesting a payment plan to settle up. I understand each lender is unique and it's difficult to forecast everything that may happen or be required. Just trying to get a handle on what is customary / typical in most situations. Basically, what is the likelihood the bank will consider the debt owed to the IRS when factoring your loan approval? TIA
