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cleach
173 Posts |
 Posted - 05/11/2008 : 6:55:58 PM
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| this is probably a dumb question, but my guy is the president and owner of a publishing company. doesn't claim enough on taxes so we'll have to go stated. he makes the money and accountant called me and said we should be able to just use a statement from accountant about business's finances to go full doc. is that possible? i figured it would contradict what the accountant puts on the tax returns. |
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slants
2849 Posts |
Posted - 05/11/2008 : 7:14:52 PM
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| This is a standard S/E stated doc w/ a CPA letter. S/E full doc = 1040's and schedules using adjusted gross income on line #37 after deductions. "statement from accountant about business's finances" is not a tax return. |
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mantixmortgage
2106 Posts |
Posted - 05/11/2008 : 9:44:13 PM
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| dont listen to people telling you "you should be able to do x" |
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