02 Jan 2017

What Year Tax Returns and W-2’s Does My Borrower Need to Provide?

What Year Tax Returns and W-2’s Does My Borrower Need to Provide?

We are now in 2017 and some of our borrowers are confused on which W-2 and tax returns we need.

As long as the loan application date is before 1/31/17 AND the loan closes prior to 4/17/2017 we will need the following:

  • 2014 and 2015 W-2 and tax returns

Application date between 2/1/17 – 4/17/17 & the loan closes prior to 4/17/2017 we need the following:

  • 2016 return filed- 2015 & 2016 W-2 & tax returns
  • 2016 NOT filed – 2014 & 2015 tax returns along with 2014,2015 & 2016 W-2

After 4/17/2017 we will need 2016 and 2015 tax information OR the proof of extension filed.

As always, please call me with any questions or concerns. This is just some information to help your business.