Key words: Tax return； IRS tax filing extension；Overseas
Do you feel confused when tax return should be used to qualify your loan？which year of your tax return should be provided？
There are four time points you need to be aware of：
1. Application date on/after 05/17/2021
a. 2020 Individual/ business Tax return can be used, or
b. 2019 Individual/ business Tax return + Evidence of completed IRS tax filing extension(s) for the 2020 tax year + 2020 year tax transcript to show no record.
2. Note date on/after 06/30/2021
The same requirements as application date on/after 05/17/2021 are needed.
3. Note date after 11/1/2021
2020 Individual/ business Tax return must be used.
4. Tax deadline for individuals overseas: 6/15/2021
The deadline for individuals overseas to file and pay 2020 federal income tax is June 15, 2021. Get details on the new tax deadlines and coronavirus tax relief and economic impact payments.
AAA Lendings is a direct mortgage lender with over 20 years of lending experience. We have a group of experienced professionals providing services for home buyers and people with mortgage needs. We offer 100+ customized loan programs in conventional, FHA, VA, EZ qualified and foreigner nationalloans. We always put customer's needs first and provide the best customized solution for each customer.
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