Mortgage Company & My Transcripts

For years, it has been standard for a mortgage company to request an IRS 4506-T request  from their clients.  This form allows the mortgage company to order the consumers tax transcripts with the consumers consent.  Lenders would keep these forms in closed loan files in the event a  transcript would be needed.  Lenders did not actually send the request unless they felt there was something they needed to verify.  Not anymore.

One of the changes we’ve seen in the mortgage  industry is lenders requiring the actual transcripts in a loan file before they’ll close.  This means that the tax return filings must be filed and ample time must be given for the IRS to update their database with the filed returns before a consumer can close on the loan.  This process can take several months AFTER the IRS actually receives the tax returns! This has caused issues with consumers buying or refinancing who do not have filed tax returns due to extensions or the tax returns are filed but they’re simply waiting for the IRS to show them in their system.  What happens if they can’t get the transcript?  Simply put, most mortgage lenders will not let the consumer close on a loan.   This is not an issue for many consumers but for the few who have late filings or amended returns, this could be disastrous.

I’VE SENT MY MORTGAGE COMPANY MY TAX RETURNS…WHY DO THEY NEED MY TRANSCRIPTS?

For those who haven’t seen a transcript, it’s basically a summary of everything you would see on a 1040 tax return filing.  1040 tax returns are typically requested for a mortgage application and along with all schedules/worksheets, gives all detail as to how the tax return was filed.  So why would a mortgage company need a transcript?  It’s a good question that I hear often from my clients.  Here are several reasons why lenders request IRS transcripts:

  • WAS THERE SOMETHING WE WERE MISSING?- Transcripts will show figures from all applicable schedules that may not show on the 1040 tax returns.  For instance, a Schedule C shows a breakdown of business income and expenses.  Also, a Schedule E shows a breakdown of all investment real estate income and expenses.  Many consumers will only send the 1040 returns and not include schedules.  These figures affect a loan application and the way a lender sees a consumers portfolio.
  • DID YOU AMEND YOUR TAX RETURNS?- A consumer may be giving their mortgage company a tax return, but what if their accountant did a small amendment that the consumer forgot to disclose?  The transcripts will show the correct figures as received by the IRS including any updates.
  • WE HAVE TO USE THE “F” WORD, BUT HOW DO WE KNOW THE TAX RETURNS AND TAX FORMS AREN’T FRAUDULENT?- Maybe not the “F” word you were thinking of, but in our industry, this word is a million times worse.  One of the reasons lenders now request these transcripts is because when they did order transcripts on OLDER loans that defaulted, they found many of them had fraudulent documents including fraudulent tax forms and returns.
  • ARE YOU BEHIND ON YOUR TAXES?-  You can buy a home with taxes due, but you can’t if the IRS files a lien.  The consumer transcripts will show if the consumer had a large tax bill due.  If there was, the lender is likely to ask for proof that the taxes were paid.

This is one of the reasons it’s so important that both the client and lender follow due diligence and collect ALL documentation prior to committing to a closing date on a loan.  Especially on a home purchase where there’s a seller involved.  Lenders should be requesting these transcripts at the beginning of the loan process, not the end.  I’ve heard too many horror stories of “Approved” consumers who are turned down at closing because the tax transcripts are not available.  It’s fairly new, so more mistakes will be made now than later.

 

I NEED A MORTGAGE AND MY TRANSCRIPTS ARE NOT RECEIVED BY THE IRS…WHAT CAN I DO?

Every lender policy regarding tax transcripts will vary but for the most part, most lenders want these to close. on a loan  If you need a mortgage now and haven’t filed your returns, be sure to disclose this to your lender and prepare your returns for filing as soon as possible.  When they’re completed and ready to be filed, you can get your returns expedited to the IRS through their local Taxpayer Advocate Service (TAS) office.    For those that don’t know who TAS is, here is an excerpt from their website:

The Taxpayer Advocate Service is Your Voice at the IRS!

Taxpayer Advocate Service (TAS) Mission:  As an independent organization within the IRS, we help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.Here are seven things every taxpayer should know about TAS:

1. TAS is your voice at the IRS.

2. Our service is free, confidential, and tailored to meet your needs.

3. You may be eligible for TAS help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn’t working as it should.

4.  TAS helps taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. This includes businesses as well as individuals.

5.  TAS employees know the IRS and how to navigate it. We will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved.

6.  TAS has at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico.  You can call your local advocate, whose number is in your phone book, in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS, and on our website atContact Your Advocate.  You can also call our toll-free case intake line at 1-877-777-4778.

7.  You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www.taxtoolkit.irs.gov

From my experience, a local TAS office can rush the filing, provide receipt of the filed tax returns, provide accurate dates as to when the transcripts will be available and sometimes even write letters in behalf of the consumer stating the returns were filed and received by the IRS.  This can be very helpful if you need to close on your home loan quickly.

UPDATE 1/21/2014

The IRS has updated their website where you can order your tax transcripts online and down load them.  There are several security steps to access the documents, which my team has created detailed to-do instructions below.  Be sure to turn off your pop-up blocker or add the site as a safe site, as the document links are opened as new browser windows.

Guide to Obtaining IRS tax transcripts

 

  1. Visit the website: http://www.irs.gov/Individuals/Get-Transcript
  2. Click the “Get Transcript Online” button in the middle of the page
  3. Click the “Create An Account” button below the Sign Up section
  4. Complete the information the provided fields for First Name, Last Name, Email, and Confirm Email. Click “Send Email Confirmation Code” once done.
  5. Check the provided email address for a confirmation code send by the IRS. It should be in a XXXX-XXXX format. Enter the confirmation code on the IRS page and click “Verify Email Confirmation Code.”
  6. Fill in the fields for Social Security Number (SSN), Date of Birth, Filing Status, Address, and Phone Number (optional). Check the box at the bottom if you would like to proceed as a guest. If you choose this option, you will have to complete this process every time you access the system. Leave the box unchecked if you would like to create an account.
  7. Complete the multiple choice questions provided. These are used to help verify your identity.
  8. If you opted to Register for a new account, you will have to create a Site Phrase, select a Site Image, choose 4 security Questions and Answers, and create a User ID and Password. Click “Submit”
  9. You should now have access to your transcripts. Click the links to get a copy of the transcripts in PDF format.
962 comments to Mortgage Company & My Transcripts
  • Ault@asus.com

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  • Lee Miller

    I put a contract on a house in January after I was told I could receive a transcript within 6 weeks of my returns being filed. Today, March 14, I was told that since I had a balance due on my returns (check was cashed by IRS on Feb 20th) they would not be processed until June 1 at the earliest and thus my transcript would not be available until after then. I am now going to have to lose the house or pay $1000s of dollars to continue to lock in my loan. Thanks IRS. Another great government program at work!

  • Lee,

    Try calling the local Tax Advocate office and see if they can expedite the transcripts. That seems way too long regardless of the fact of having a balance due. Your money was paid and my experiences tell me they shouldn’t take that long.

  • Liana

    NEED 2010 transcript desperately!! I was supposed to close on my house on March 28, 2011, but my underwriter will not let us close until we get a 2010 transcript. I have called numerous times and they keep telling me different dates for when the transcripts will be available(we owe money). First person told us that the proceesing of transcripts for the people that owe money will begin after April 15th, another person said the 18th, and another person said first or second week in May. It is very frustating when they can not give a straight answer. We have already filed and paid our taxes. Got to LOVE the IRS. Instead of helping this economy they sure know how to make things more difficult.

  • Liana,

    It’s typically 6 weeks. Sorry for the delay. A local advocate/field office may be able to get you a more accurate turn time but they usually need to have filed the returns for you to track the progress.

  • stew

    we sold our home filed our 2010 return and are waiting for the transcripts. We filed an amended return for the 2009 tax year a few weeks ago…

    we got the 2010 transcripts today but were told the 2009 would take btw 12 – 16 weeks. the check was cashed two weeks ago for what we owed in 2009.

    we are going to be homeless now because we will not have the transcripts back by the closing date of our home and will probably lose our earnest money on the contract we put on the new home.

    its not enough i paid the IRS $12000 additional dollars in taxes the last two years on top of what they take from my paycheck every week…now my family is going to be on the street as well.

  • Samuel

    Keane,
    Do you have personal experience with this? I’m almost in the same boat in that I’m in the bidding process of buying a house but am afraid to go under contract for fear of it taking too long to get my transcipts and losing my earnest money and the house. If I’m not already under contract do you think they will not help me? Maybe I should get undercontract to justify their help.

  • Samuel,

    The IRS won’t be helpful if you call. You need to see a local advocate office. They are helpful and in my exprience, the transcripts have beeen available in 6 weeks from when the taxes were filed. They’ll stamp them as received and the lender, under certain conditions, may allow you to close PRIOR to the returns being available for transcripts if you have the returns stamped by the local advocate office.

  • Becky Knipe

    So, do I understand correctly that this is a LENDER requirement, and not a government requirement? In other words, waivable should the lender choose to do so?

    We’re in process on a loan to purchase an investment (rental) property and signed a 4506-T for three years tax transcripts, BUT our broker has known all along that we want to close early May and that we did not file our 2011 tax returns until April 18…which included a homebuyer credit so had to be filed hard copy. If they come back and say we’re not approved, or that we have to delay until 2011 transcript is available, because of something that is not an ABSOLUTE legally required document, I will be furious!

  • Becky Knipe

    PS, great (very clearly written) article. Heard from a friend this could be a problem and started searching the web…this has been the most clear and concise document I have come across, and really appreciate the taxpayer advocate information as well.

  • Becky Knipe

    Oops, 2010 tax returns (filed April 2011).

  • Becky,

    It’s hard to say if this is just a “lender” requirement, because all lenders conform to the guidelines of the agencies we sell the loans to. Fannie Mae requires this.

    However, guidelines allow us to use 2009 and 2008 returns if there’s an extension or late filing for 2010. If you need the 2010 tax returns to qualify (due to increasing income), you may be in trouble. If you don’t, you’re probably okay.

  • Becky,

    Also, yes, the tax advocate field offices are a blessing in these situations. I have several self-employed clients who got their returns processed faster and were able to buy a house due to their offices. Essential for today’s marketplace.

  • Becky Knipe

    Thank you.

  • Brandon

    I am in the same position, I filed the my 09 taxes on April 29, 2011 because I was unaware I needed to do this in order to close. My closing date is scheduled for June 7th, I do believe i’ll get the transcript by then, but do you think I should visit an tax advocate to try to speed things up? What should I say? I will be homeless if I don’t close by the end of June. Please help!!

  • Brandon,

    The Tax Advocate office can only help you if you filed the returns with them, but the transcripts are likely going to be available by then. Your lender can only check once a week (IRS updates once a week) so have them check every Monday if possible. This upcoming Monday is likely the first week the transcripts will be available.

  • brandon

    Thank you for the hope and I’m probably still going to check with the advocate office but I’m sure the transcript will be available by my closing date.

  • Brandon

    since i have already mailed the taxes in, should i go to the advocate and file them again to expedite, or just wait and track them weekly??

  • Keane

    Brandon,

    I think you should ask the advocate office but my experience is that there isn’t much you can do if you already filed.

  • Erin

    We filed our taxes on April 1st. Owed a balance of $450. I’ve talked to the IRS several times in the last few weeks to see when our transcripts would be available. We are set to close on 5/25 and this is the only thing holding us up! Anyone having any luck getting their transcripts here recently. I did call the local tax payer advocate and they told me they could not help me while it was still being processed. I did confirm with my tax lady that my return was accepted by the IRS on 4/1, the same day we filed. Thanks so much for any feedback you can give me…We are starting to sweat this closing!

  • Brandon

    Erin, please keep everyone updated on when you receive your transcripts, because i am also in the same boat as you. it will be great help to know when you receive yours.

  • Erin

    Just called the IRS — Transcript available TODAY!!! Must have processed over the weekend!! Good luck to anyone else going through this same thing! Its a nightmare and it was making both myself and my husband ill!!!

  • Brandon

    Congrats Erin!! I’m sure mine will be ready in time also!!

  • Barbara

    Brandon and Erin, I am in the same situation….I thought that you could not call the IRS…do they have a help line?

    I close escrow today but no transcripts!!!!! Seriously…the IRS and the Lenders should work out a deal if this is going to be the case for home buyers.

  • brandon

    1-800-829-1040 if you follow the prompts you can find out if your transcripts are available. All I know that you can do is wait for the IRS to update their system

  • Brandon,

    Good tip. I give that number out all the time.

    One more tip, if you NEED a copy of the transcripts right then, call when you’re next to a fax machine. If you confirm you’re near the fax, they’ll send it to you that day.

    You’ll likely be put on hold for a long time, but they’ll get it done that day.

  • Erin

    Here’s what I did to avoid the long wait on hold to talk to a person that doesn’t seem to know what they are talking about. Call 1-800-908-9946, it will prompt you with what you need to answer…answer the prompts, key in the year that you want transcripts for…….if they are available, they will tell you that they will be mailed within 5-10 business days….if they are not available, it will tell you something along the lines of it not being able to process your request. Supposedly they only process returns once a week and that is over the weekend….I called on Friday afternoon and got the we cannot process your request, then tried again on Sunday afternoon and it processed. Called the 800-829-1040 on Monday and they faxed me a copy right then…..Good luck to anyone else going through this — I thought for sure I was going to lose my stinking mind!

  • Brandon

    so i called the IRS yesterday, just to see if they had any kind of update, and the lady told me the return is in a pending status now. She also stated that it was unusual that it moved to the pending status so quickly since I didnt file until April 29th. She also said she feels the transcript will be available pretty soon since it’s in the pending status already. just thought i would give an update!!

  • Robert

    Hi Brandon,

    I am in the same situation as most everyone else here. I mailed my taxes in on April 15th. My question is, how did you get a hold of someone at the IRS to tell you that your in pending status. When I call it is automated and can not get switched to a live person no matter what I do. Also, If I hit one and order a transcript of payments it says that it will be mailed in 5 days but I am thinking that is not the same as option 2 for tax return transcripts.

    Good luck to all trying to run down your transcripts.

  • Brandon

    when listening to the automated voice, you have to listen for the “other questions” option and then you’ll be placed on hold for about 20 minutes. what year’s tax did you file, and how did you file (e-file or mail)

  • Brandon

    Well I woke up this morning, and checked the IRS website for my 2009 transcripts…….and they have been processed!!!! They will be mailed in 5-10 days, so I will be able to close on my house on time (June 7th). Lesson learned, always file taxes on time to avoid frustration in the future. GOOD LUCK to everyone waiting!!

  • James

    Brandon, congratulations!! I’m currently in the same boat you were in. I had to file an amended 2008 and 2007 return. I sent them both the week of April 11th. The IRS told me the 2008 has processed and the 2007 was “in-process”. I was wondering what you saw on their website that indicated that your return was processed? I am also waiting on these two forms to close on my house. Thanks

  • Brandon

    James, I filed my 2008 and 09 via mail on April 29, but I was advised to take the returns to an IRS office and file that way because they might be processed a little quicker. So I visited the IRS site daily until I was told that they only update over the weekend. Here are the steps taken:
    – go to the IRS site
    – click on Order a Tax Return or Account Transcript
    – click on step 3 to order a transcript
    – fill in the appropriate data
    now if the transcript is NOT available, you’ll receive the following message:
    A transcript is not available for the year you have requested. Please complete Form 4506-T or contact us at 800-829-1040

    If the transcript is available, you’ll receive this message:
    We have accepted your request for a 2007 Return Transcript . Please allow 5-10 days to receive it. The transcript will be sent to the address we have on file for you.

    If you need more than one copy of your transcript you are allowed to make copies for your personal records.

    Here’s one more bit of info, I am still receiving the unavailable message when requesting the 2008 transcript, and I filed it at the same time as 2009. Granted I did owe money in 08, but not in 09. All I need to close is the 2009 though. Please let me know if you need more info.

  • Robert

    Thanks for the info Brandon and Congrats on getting your transcripts in time !! I filed my 2010 on April 15th. I followed your instructions and the online system said they would be mailed in 5 to 10 days so I think I may be okay for a June 3rd closing.

    From Erin’s earlier post, it seems they will fax if you’re near a fax machine.

  • Brandon

    They will fax them if you are standing in front of a fax machine. Congrats on getting them in time!!

  • Jen

    My husband and I are set to close June 2nd but due to an error by our tax preparer that the underwriter caught, we had to file an amendment and cannot close until they can get an updated 4506 transcript. Any suggestions? I contacted the advocate for our state and they said they couldn’t help speed it through so we are looking at 12-16 weeks and will lose the house. Please help!

  • Brandon

    Jen, when did you guys file the amendment? As you can see from my earlier posts, it took about 3 weeks for me to get my transcripts.

  • Jen

    We just filed it yesterday, unfortunately. Was yours an amendment? I heard they take longer. Just got through to someone at the advocate office that opened a case for us, but he is still saying it could be July, but most likely August.

  • James

    Jen, I think they have to tell you the worst case scenario as far as dates go, hence the 12-16 weeks. I filed an amended 2008 on April 11th and it processed by May 9th. I am still waiting for a 2007 to process which should be any day now. Give it three-four weeks and it might be ready.

  • Brandon

    no mine was a regular return, but they also said 12-16 weeks and received the transcript in 3 weeks

  • Jen

    Good to know. Thanks for the positive thoughts. Hopefully the sellers will hold off that long.

  • Strange, our local advocate office always says 6 weeks and they’re right, 6 weeks it’s always done. It may be different for amendments though.

  • Bart

    Great info! I filed an extension along with full payment for my 2010 taxes by mail on April 18. I then e-filed the actual 2010 return June 7th. I do not owe anymore on it. Brandon had a similar situation and it only took 3 weeks for him to get a transcript. In your experience am I still looking at 6 weeks or does the fact that I e-filed speed things up? Thanks!

  • brandon

    E-filing really speeds the process up, you’ll get what u need in time!!

  • Bart

    Brandon: if I understand correctly, you filed your 2009 return with your local office on April 29, 2011 (that’s over one year overdue?) and your transcript info showed up on May 22, 2011, only three weeks later and not six?

  • Brandon

    yes, that’s correct. i was told to go to the local IRS office because it might cut down a couple of weeks, and it did.

  • Bart

    thanks-I guess I have hope that it won’t take 6 weeks. I was supposed to close last week (I have already been in escrow for 9 weeks) and the loan processor tells me she needs this info the day before closing! what a moron! I had previously extended so I e-filed that day and am hoping the seller will keep the escrow open for a few more weeks. fingers crossed!

  • One thing that may be useful.

    As a lender who requires transcripts, we would accept a stamped tax return by the local field office to begin the underwriting process on a file for most situations. This is another benefit to getting the returns filed at the local office. They’re not transcripts, but the underwriter can either close on the loan using these returns (knowing this is exactly what the IRS got) or underwrite the file and have a condition to have the transcripts before closing. This can speed up the process and help your transaction so you can continue to move forward while waiting for the transcripts to be available.

    I can’t promise every lender will do this but many will.

  • Bart

    A new record; I e-filed on June 8 and my transcripts became available today. Only 13 days!
    Does anyone know the IRS phone number to get a live person who will fax them while I stand by the fax machine? Thanks

  • Keane

    1-800-829-1040. You have to work through their system but you can get a live person and have it faxed.

  • Bart

    I went through that number but was never given an option to get a live person. Do you know how I do that? Thanks

  • It’s been a while since I personally did it but I used to press “1” over and over until I was put on hold. They’ve changed the menu but try navigating through it and you should find someone.

  • Bart

    I got the fax! Thanks again for all your help, you earned a commission more than my broker did!

  • Brandon

    if you filed May 24, they should be ready any day now. I think you’ll be fine.

  • Jen

    Ours took 5 weeks. The UW wouldn’t accept the stamped copy given to the IRS because of changes the IRS can make to it during processing. The UW requested a copy of the amended transcript last week and must not have checked the right box as they only got the original, so we sit another 4-5 days while they wait for the right one.

  • michael

    I faxed my 2009 return in on May 17th. They have been in processing since May 23, supposedly. Still no transcript. I see Shawna’s had been received later then mine for 2009 and they were done last week. Our closing got bumped to the 27th now so hopefully they will get done. Everytime I called the irs also I got different answers. They started processing on the 16th of May first. Then someone else said they started processing on the 23rd. One person said they started processing on June 6th. The lady I spoke to last week, they started processing on the 23rd and not to call back until July 25th! This is very frustrating. Luckily my landlord extended my lease until September.

  • michael

    Hi Shawna,

    I actually did that last month. They said there was nothing they could do as they were in processing. Guess you got lucky.

  • Leigh

    FYI: I e-filed my 2010 return on August 10th and the transcripts were available on the 15th. E-filing is the way to go!
    Unfortunately, I also had to send in 2009 by mail…still waiting on that transcript. Too bad they don’t let you e-file prior year returns! IRS received it on August 8th. Guess we won’t be closing on Friday. Hope the seller will work with us for a few more weeks!

  • MarkL

    Does anyone know if the ‘processing’ is an auto-electronic method or manual-hand-entered method? We are in same situation. Definately e-file if you need quicker processing. Will talk to advocacy team on Monday. We have informed seller and are prayerful that they will work with us for a couple more weeks. I will be checking each day to see when transcript is available.

  • Keane

    Mark,

    Check to see if your lender will accept returns stamped by the IRS field office in place of transcripts. If so, then go to the local field office.

  • michael

    It took 7 weeks for the irs to finish processing our 2009 return. Luckily our sellers were willing to wait.

  • Leigh

    Our 2009 transcript is available today. Pretty fast turn around! Hope we can close this week.

  • Jennifer

    Leigh, when did you send in your 2009 tax returns?

  • Jennifer

    I turned in my 2009 tax returns to the actual IRS office, and I’ve been calling every say since then. That was on August 11,2011. They put it in the system as processing as of today, 8-30-11. How soon do you think i’ll be able to get my transcripts? Expected date to close is sept 10… you think i’ll get it in time?

  • Jennifer

    Shawnna,
    When did you send in your 2009 mail to the IRS?

  • Leigh

    Hi Jennifer,
    I sent my 2009 return in on August 8th. We were supposed to close on August 19th. That didn’t happen and then our transcript was available on the 21st. I believe our lender received it on the 23rd. We’re still waiting though. Apparently our lender did zero work on our file until the transcript came through. Now they’re working on it and we hope to close next week. Luckily the sellers have been working with us – we put up some additional earnest money and $500 in carrying costs. I’m ready to be done with all of this and I hope we never move again!!

  • Jennifer

    Leigh,

    Thanks for the reply, hopefully I get my transcripts soon. I called the IRS this morning and they said to call back on friday, hopefully it gets processed. Thankfully, out lender has all of the nesessary paperwork she needs other than this transcript!

  • Jennifer

    Shawna,

    I hope it was mailed to the right address… I just handed my local IRS my paperwork…. and they mailed it themselves. My lender told me that all she needs is that transcript, and they can submit for closing 2 days after that day… with a 5 day processing estimate. Im hoping it goes smooth.

    I have another question…. after the lender receives the transcript, do they go through the whole process of verifying employment again? and requesting recent bank statements?

  • Jennifer

    If the IRS says they received my tax’s on August 29, 2011… how long does it take to process? this is such a mess, i sent my paperwork in on August 11, 2011…. and Im starting to worry.

  • Keane

    Jennifer,

    How did you file? Is it an initial return or amended return? Amended returns take longer. E-filing is fast but its hard for a local field office to give you an update. If you filed with a local field office, they should be able to give a more specific date.

  • Chrissy

    My husband and I have just encountered this problem. We were told by our broker that if our 2010 taxes are not filed by the time we close we will lose our interest rate. Is that true? She already “locked” it in. How could we loose it?

  • Keane

    Unfortunately yes. You will probably lose your lock. I would file asap and hope rates stay low to relock when the transcripts are available.

  • Jennifer

    Keane,

    I brought it to my local IRS building in which they gave me a stamped receive on my documents… which wasnt good enough for my lender. So they mailed it out for me and according to the IRS when i called, they officially “received” it on august 29, 2011. My question is, does it take 6-8 weeks after its received? or after i gave it to my local office?

  • Jennifer

    UPDATE: I got my transcripts today!! i called every single day, waited 30-40 min on the phone… but it was worth it. It must have processed over the weekend…. While I was at work I had them fax it to me, and I just faxed them to my lender! hopefully we can close by next week! Goodluck to everyone…. I will NEVER go through this again!

  • Greg

    I have just finished my 2009 and 2010 returns today 9/22 and will get them to the IRS immediately, my closing date is 10/27 any suggestions how to get the transcripts the quickest?

  • Jennifer

    Greg,

    Bring the tax forms to your local IRS. They will proces them faster than if you wer to mail them yourself.

  • Greg

    Thanks Jennifer,
    I dropped 2009 off this morning and received stamped copies. My 2010 I ended up being able to e-file after correcting a mistake that initially made them mail in required. Now the waiting begins…34 days till closing

  • Karimah dudley

    I go to closing n 3 days. My taxes r not showing yet but my tax returns is stamped by my local office. Now everything has been approved can they use that stamp on the filed taxes n I still go to closing or are they gonna change my date.. it’s n 3days

  • kathy dunigan

    We are in the same boat as many of you, waiting on returns to be finished. In our case, as Americans living for quite a few years in Canada working, we had an accountant do our taxes. We file with both countries. Now that we finally have a chance to move back down to Texas and buy a new home, we find out that our US taxes were not filed for 09 and 10. Now we are counting down days as many of you are, until closing.

    Question:

    Will lenders accept the tax account transcript or just the tax return transcript? Online shows the first one listed above is finished, but not the return transcript.

    Thank you and good luck to everyone! What stress here at the holidays! And thank you so much for this website. An incredible wealth of info!!!

  • Keane

    Kathy,

    Some lenders may accept something in place of the IRS transcripts. For instance, if a client takes their tax returns and has them stamped by a local field office as a submission of their return, we’ll accept those returns prior to transcripts being available. Not every lender will do this but its possible.

  • Justin

    I took my 2009 and 2010 taxes to the local office, paid in full, and had them stamped on November 14th, 2011.

    We tried to get the lender to close on just the stamped copies, but as they sell the majority of their deals, they will not close without transcripts.

    We had a planned closing date of Dec 9, 2011, which had to be amended out to Dec 30.

    Out of the dozen or so phone calls I made to the IRS, the last two have been the scariest. The first said that processing hadn’t begun until Dec 6 & 7th on the returns, and that I should call back the second week of January because it will take 6 – 8 weeks after processing has begun.

    The second call was to an IRS agent today who said that she could see they had been rec’d and paid, but nothing else. She couldn’t understand how last week’s agent came up with the aforementioned dates. She therefore recommended pushing back closing to Jan 31 to allow for max time.

    I set up a case with the local advocate office on Monday morning but they have not called me.

    I’m not happy to have paid the taxes in full, done by a CPA, and stamped by the IRS, and have the lender needing more for fear of falsification of the returns and income. I’m even less happy with the inconsistency of the answers given to me by the IRS and its agents. What completely disgusts me is that I was told the IRS’ computers will be shortly shutting down for two weeks due to updating for new tax season.

    This leads me to believe that if they are not ready by the 26th, the end of January is the best we can expect.

    Thoughts?

    Thanks,
    Justin

  • Keane

    Justin,

    I’m not sure how the time of year effects your scenario but you’ve done everything right. 6-8 weeks is about right, so I would plan on this.

  • Susan

    I don’t know if anyone can help with this but my lender needed 2009/2010 transcripts to close. I was told there had been a problem trying to get these which is usually because not all taxes had been paid yet. (In this instance, this was NOT the case, all taxes owed had been paid on time). Nevertheless, the problem bought up a red flag which went to the underwriter who is now requesting 2011 transcripts which we are obviously not going to be able to get for some time. In the meantime, i called the IRS myself and was able to the 2009/2010 transcripts mailed to the lenders office. The person I spoke to said she had no idea why the lenders had a problem. However, the lenders have since told me that it’s too late. Once the underwriter puts in a request for another year, there is no going back. This makes no sense to me. Someone made a mistake, I fixed it but it’s too late.
    Has anyone else had experience with this?

  • Susan,

    That simply is not true. The underwriter’s word is not final and there’s no reason for an underwriter to require 2011 returns when you’re scheduled to close before tax season is done.

    The relationship you have with a loan officer should be like an attorney. Yes, the underwriter is the decision maker (like a judge or jury) but the loan officer (like a good attorney) can find reasons to appeal.

  • Adrienne

    I just got the call from lender. Red flag from underwriter-transcripts don’t match filed returns?? Now I have to amend my 2010 taxes, escrow is/was setti close onthe ss 2/13! Is that even possible if I get the amended tax return stamped in person at the IRS office? I’m definitely calling the advocate # tomorrow! I can’t believe we got this far for it to stall- 4 days after the 17th day.. No choice but to take care of it. I can’t believe this is happening I already gave notice to our landlord thatthis is our last month! No one mentioned that we will need transcripts either- so is it even possible to close the sale with only a stamped copy of amended return?

  • Adrienne,

    You should not need to amend your returns. The transcripts should match what you sent. It’s possible the returns you have on file were a draft that wasn’t accurate.

    If that were the case, all you have to do is get a copy of the transcripts and make a new copy of your returns matching them. If we remove ourselves from the closing problem, there is actually a very big problem that doesn’t make sense. Why does the IRS have a tax return that looks different than what you have? An amendment means you need to change what the IRS has on file. You could always change what you have on file to match, but there should be a very good reason as to why your returns don’t match the IRS’ transcripts.

  • Adrienne

    I spent 2 days at the IRS office getting an account transcript and wage and incone transcript- lender said that wasn’t enough I must amend

  • The lender said that the income wasn’t enough based on the returns? I’m curious as to why they’re telling you to amend.

    The real problem hasn’t been identified. Your returns don’t match the transcripts. If your copies don’t match the transcripts, your tax preparer should figure out why and get you an updated set of returns with an explanation. A lender has no place in recommending a client to amend unless you’ve disclosed to them your returns are wrong and should be amended.

  • Adrienne

    Unless is correct, I’m not a liar-I’m just an early H&r block at home filer. (I’ll never do it again I swear)I used my last pay stub that year to file early. I never amended to include my employers cafeteria plan which is reflected as income on my w2. When the lender requested the 4056t the IRS responded with a lower amount than my filed taxes and w2. I’ve already asked a real tax preparer to amend so I can hand deliver them &get them stamped. If the underwriter asks for the transcripts we may have hit a dead end considering our short sale contract calle for a closing date of 2/13. I hope the stamped returns will do and that the preparer Gets them done by 2mrw( fingers crossed)

  • Adrienne,

    It sounds like there was an error on the return and the IRS adjusted it manually? Interesting.

    Nonetheless, I hope the stamped returns work for you. I would ask before you go through the process.

  • Chad Foley

    my 2011 returns are currently in ‘processing’ status. I e-filed them on 1/31. IRS told me to wait 2-3 weeks for transcripts. Here’s my question:
    If you owe money and haven’t paid it yet, will that affect turnaround time for the posting of the returns so that transcripts will be available? I thought the money owed was due by April 17th, but I will pay now if it affects when the transcripts will be ready. Closing in on Feb. 29.

  • Becki

    We are in the same position. We needed our 2011 tax returns for our lender so we rushed to have them done and now we are waiting for the transcript to be ready. We e-filed on January 25, H&R Block said our return was accepted. I wonder how long it is going to be before our transcripts will be ready, we have already had to pay for 2 extensions for our buyers so they didn’t lose their commitment.

  • Adrienne

    Gosh! What a mess, so my mortgage broker submitted all dox to a new lender(the stamped amended returns with proof (receipt) that difference was paid in full.)Unfortunately, because this all happened at the last minute we had to get an extension and the seller has now added an addendum-no home warranty. I hope we get final approval tomorrow or monday at the latest or we’ll have to pull out to try and save our earnest money. I hope it doesnt come down to that but I’ve done all i can do. If the lender won’t accept a filed/stamped amended copy then c’est la vie.
    This is so heart breaking to think, last wed I was picking out furniture and paint colors and now I’m anticipating a Plan B apartment.

  • Chad

    Becky, please post back once your transcripts are available. I would guess that, for you, they should be ready by Feb. 15 since that is three weeks from your filing date. Hopefully, transcripts are available as soon as the returns are processed. After being turned down by 2 advocates, I finally got someone on the phone that opened up a case for me. Hopefully they can help clarify things. I’m supposed to hear from them in the next 2 days.

  • Becki

    Chad,
    According to our mortgage lender the taxes don’t have to be paid for the transcript to be released. They just needed a bank statement from us showing that there was enough funds available for closing costs and to pay the taxes by the due date. I am hoping that the transcripts will be available this week. Our buyers want to close Friday and we will have nowhere to go if we can’t close on our new house. Our lender told me to try our local IRS office to get a certified copy of the return so I am going to try that route as well this week. I will let you know how things go.

  • Becki,

    That’s correct. I’ve closed on loans where taxes were still due and on a payment plan. We just got proof the taxes were filed and proof of the payment plan. We then added the payment to the debt-ratio and closed the loan.

    As a lender, we request the transcripts to make sure you filed and to make sure the returns we have are accurate.

  • Adrienne,

    Yes, it is unfortunate when this happens so late in the game. I hope the sellers will give you the time to make this happen.

  • Adrienne

    Yay! Underwriter approved loan today!!!

  • Adrienne,

    That’s great news! Congrats!

  • Chad

    FWIW: IRS update: There’s the new ‘modernized e-file’ system and there’s the legacy system. My return is in the former, which explains why my Tax Advocate and local IRS office can’t even verify that I’ve e-filed. I’ve just paid my tax amount owed via EFTPS in vain hopes to speed things up, and I still have no idea when 2011 transcripts will be available for my mortgage lender. Closing is in two weeks. Ugh. My friend, who had a refund and filed early (Jan 8?) does have access to his 2011 transcripts. I’m becoming obsessed.

  • Becki

    Sorry to hear that Chad, we are experiencing the same troubles! Going through the IRS over the phone and our local office provided no answers. They told us even if we paid the taxes today it doesn’t mean our transcript would be processed any quicker. They process the returns of the people who are getting a refund first, ours may not be touched until June! So after hearing that I called our lender because our buyers are threatening a lawsuit if we don’t close soon! Since we e-filed with H&R Block he said for us to get a statement from them stating that the returns were filed and accepted by the IRS and we had to pay the federal taxes and provide proof of them being paid. I am hoping the underwriters move along quickly now, and that we have jumped through the last hoop!! I can see why the housing market is so bad, people probably get frustrated with the banks and back out of everything!

  • Becki

    I hope your issue gets resolved soon, I know what you are going through! This whole process is so very frustrating and I can not wait to be done!!

  • Adrienne

    Thank you all for your help! We got approval and will be closing this wednedsday!!

  • Congratulations Adrienne!

  • Chad

    Becki, were you able to close with stamped returns vs. official transcripts? I’m supposed to close next week, but still no transcripts.

  • Becki

    No, we never got them. The IRS told us that since we owed they may not process the return until June! They process the returns of people that are getting money back first. We had to get a letter from H&R Block and pay the federal taxes and show proof that they were paid.

  • Chad

    Gotcha, was that good enough for your lender? Have you closed? What type of loan do you have, i.e. FHA?

  • Becki

    Yes, the underwriter did accept that. We haven’t closed because our buyers ended up backing out 3 days before we were supposed to close! Talk about stress!! Now we will probably lose the house we were going to buy because we have to find another buyer for our current home!

  • Anita

    We are in the same or similar boat. E-filed 02.06.2012 and I was told when I visited the IRS office and over the phone that the transcripts should be available this week. Is there a specific “day” when the IRS updates their systems or is it continuous/daily? We are supposed to close 03.08.2012 and the sellers are aware to extending excrow a bit should the transcripts not be available. We owe as well and plan paying in full by or before the 17th of April.

  • Anita

    So after walinking into the IRS office in Long Beach on or about February 8th and calling the IRS weekly to see if there were updates adn speaking to at least 3 different agents, I called the TAS line yesterday and was told what many of you were which is that if you owe money which we did, you must first pay and then the returns will get processed providing the coveted tax transcript. The lady was nice enough to open u a case for me and I heard from my case manager today. My case manager did explain again, as many have already posted that the refunds get processed first but, that the e files like ours usually go quick once full payment posts and that they should be processed within a week of the payment posting with the transcript availability shortly thereafter. It is still not yet close to the tax deadline either so we have that workingon our side. The loan officer will order our docs in March hoping to close second to the last or last week of March. Our agent has informed me that we should not worry as the seller is open to extending the escrow. At this point, I don’t even care if that costs more money as we were supposed to close on 03.08.2012. I paid through one of the electronic IRS approved sites and I recieved immediate confirmation, called today and they told me the payment was already wired to the IRS today. It can take 5-10 business days to post before the processing timer starts. I did it electronically versus going into the office as I was told by the TAS representative that even if I walked in an gave them a check yesterday, it would be received and receipted with yesterday’s date but, again it could take 5-10 business days to post to my account as it would need to clear my bank first…so, the waiting game woudl have been the same and e funds have no banks to clear once wired which is my case. In any event, counting from today, I am hoping and praying that payment is posted at the happy medium point between 5-10 business days and shows up next Friday 03.09.2012 so that perhaps by teh end of the following week the returns will be processed. My case manager told me today that the hearliest he would expect the transcript to be available would be 3 weeks. Please keep fingers crossed everyone!!! Thanks.

  • Chad

    Anita et al,

    Basically, I have the same info you do, but here’s my contribution. Today, 2/29, is my closing day, though I was not able to close since the “coveted” transcripts are not yet available, argghhh… We’ve asked for a 2 week extension from the seller, but the seller is a relocation company and I don’t know how flexible they will be. Se we’re waiting to hear back about a 14 day closing extension. I’ve been so obsessed with this predicament that it’s just about driven me crazy, nightmares, can’t concentrate at work, etc. I have an advocate as well, but there’s really nothing they seem to be able to do. I even drove 2 hours away to their office to see them in person to get some information, but there doesn’t seem to be any way for them to speed up the process, even with severe hardship. It’s obvious to me that this is a systematic problem with federal loan programs and the IRS. I e-filed on 1/31, made full payment on 2/16 via eftps (which goes through quickly, but you have to wait 5-10 days to get your pin # in the mail before you can pay). It’s been exactly 2 weeks since full payment and still no transcripts, though I’m not exactly sure what date the payment posted to my IRS account. The payment was posted to my personal bank/checking account on the 16th. I’ve been told so many things, I’m not sure what to believe…no transcripts until after April 17th, that they will be available 1 week after payment, that it takes 2-3 weeks, that my OARS request will be honored in 3-7 days and on and on. I don’t think anyone really knows. I’m trying to entertain some extreme options, like trying to get a cosigner or seeing if I can rent the place until transcripts are available. The real mystery is if owed returns are really processed after refund returns in the new IRS computer system. What does ‘re-sequencing’ mean? (My latest status after 1 week after payment posted was that the return had been ‘resequenced’, but good luck getting this information, whatever it means). I am cautiously optimistic that I’ll see transcripts any day now, but this has been going on for over a month, hours on hold, 6 trips to my local IRS office, 1 loooong trip to my advocate’s office. I feel like I’m losing my mind and possibly losing this house, my earnest money, becoming homeless, etc. But keep hold of your faith, we’re doing everything we can possibly do.

  • Susan

    Hi Chad et al,

    Please keep us posted on how long it takes for your transcripts. Case studies are the best way for the rest of us to understand the length of time it might actually take. The big confusion, I agree, is how processing works on a balance due return. The 3 week turnaround is for a refund return ONLY. I was supposed to close on the 2nd Feb, then Feb 10th. Then I was told at the last minute that my lenders needed 2011 transcripts so had to put it back again. We hadn’t even filed! Luckily, our sellers agreed to delay closing for a third time until the 29th. We filed on the 6th Feb and hoped for the best. EVERY person I spoke to at the IRS told me it wouldn’t make a difference to processing times if I paid or not… until I called on Monday the 27th for more news, 2 days before closing number 3. I was gutted. I went to the office and paid the balance due immediately but still got very confusing information. I finally left the office with another 2-4 week estimation. Fortunately our sellers are saints and have agreed to put the closing back again until March 30th.

    So, I filed on the 6th Feb, paid the balance owed on Feb 27th and really hope the transcripts come soon. I’ll post back on the forum when I hear.

  • Anita

    Hi Everyone,

    I agree with Chad that at best it is a frustrating, stressful and quite emotional process when it comes down to this wire. Susan, you and I seem to be in the exact same boat! I e-file on 02.06 as well and went along my merry way expecting the transcripts this week or next (in time for the March 8th closing) and was gutted when I spoke to the TAS office yesterday and likewise, immediately paid the full balance due. The rest is about 2 posts up and my tax advocate like Chad’s acknowledged that neither he nor anyone in his office cold really do anything except monitor it. Like Chad this consumes a big part of my day – whether its agonizing over it, thinking about it, researching it etc. Like everyone else, I worry about losing the house, the money etc but as Chad pointed out, we have no recourse other than to wait it out, have faith and hope for the best. I will likewise keep you all updated from my case study and hope you alll get your transcripts soon! Take care.

  • Susan

    Thanks for posting that Anita. I really do hope the best outcome for you.

    Does anyone know for sure that balance due returns aren’t processed until the end of May, after the money due returns are processed? This is what really concerns me. I’ve been told either that, or about a week from when payment has been processed .

  • Chad

    Susan, I don’t know for sure, but my TAS advocate said that if I were doing this 1 year ago, that I would most definitely have to wait until May. I think the new computer system MeF/CADE2??? processes everything daily, but it’s hard to say. From what I have deduced, MeF processes daily then updates the legacy system weekly (Sunday nights). Check out some more info on it here, but don’t be like me and drive yourself crazy with speculation :) http://en.wikipedia.org/wiki/Customer_Account_Data_Engine

    I don’t think my local TAS office even has access to the new system, and I’m not even sure it’s ‘live/in production’. My regular local IRS office does have access to it as I saw it on the reps screen. My local office says not until May, but that may just be the traditional canned answer. My TAS person seem to think it could be before that. Why they don’t know this information or can’t even seem to find out is beyond me. I may call again today and wait for 40 min, just to get another opinion :)

    One other thing, while I was waiting at my local office the other day, a man in line was in our same predicament. He ended up getting his paper return ‘stamped’ by the IRS (which isn’t good enough for most lenders), but what actually happens here is that by doing this, you are basically resubmitted your return, which will further delay transcript availability. Now the IRS has to manually process the paper return and verify/cancel out the duplicate return. This guy didn’t realize all this. I would not resubmit your returns just in order to get them ‘stamped’ as received by the IRS. My advocate did write me a nice letter indicating that my return was received and paid, and that they were sorry for any related real estate issues. This might help convince the seller to delay, or it may have the opposite effect since it also says that they don’t know when it will process.

  • Susan

    Thanks Chad. I agree with you. From what I can deduce the new system is processing balance due returns sooner. One IRS employee actually read me the paragraph from their new manual which basically said that processing of balance due tax returns are begins the third week of May OR a week after payment is received. That quote is now on my file so other employees see it when they look me up. Most of them didn’t realize that was the case and like you said, are just giving out answer based on previous years.
    It is madness that no one seems to be able to know. It’s not like it’s an insignificant question. You have to call 20 times and take the most popular answer.

    You filed and payed the balance before Anita and I so I hope you hear soon!

  • Chad

    Thanks, I found the same thing: Balance due e-file returns do not post until cycle 20, or one cycle after full payment is made, whichever occurs first.

    fyi, 1 cycle = 1 week

  • Anita

    Susan and Chad,

    I have seen several blogs that talk about May and June etc. for those of us who owe with respect to processing frames etc. But, James my representative who “owns” my case at my local TAS office did say that the return should process within about 1 week of the full payment posting to my account and then the transcript would be available after the weekend update which lead him to provide me with the 3 week time frame “at the earlies.”

    Chad,

    By the way re the man at the IRS office I HEARD THE SAME THING – I was told by refiling in the office if you already e filed, it will only take longer just like when you mail in taxes vs. e filing, it takes longer. Our lender does not want the stamped copy as with any return, they can be amended threfore this is not acceptable. It’s the transcripts or nothing. We are still waiting to see what the selling agent comes back with re the extension of escrow; we are hoping for 30 days. The home is an estate sale and the heirs (3 in total) are all adult age and live out of state or out of area. So it is my hope that in their opinion, it is better to wait it out for us to close than have to start all over again! I wish you both luck and look forward to anything else you find out.

    Take care.

  • Anita

    By the way, like an older post read, after this, I will likely never move or buy another house again!!!

  • Anita

    Our sellers have extended to 03.22.2012 — let’s hope this is enough time but I think it is cutting it really really close! UGH

  • Susan

    Hi Anita, thanks again for the update. It’s very encouraging to hear what your TAS officer has to say. If you don’t make the 22nd you will be so close I can’t imagine the sellers not extending again. It would be time consuming/expensive to start the process from scratch and it could happen again with another seller. Here’s hoping you won’t need it though!

  • Anita

    Thanks keep me posted on yours as well and let’s hope we all get what we need from the IRS sooner than later:)

  • Becki

    A bit of hope for you all waiting on your transcripts!! We paid ours on February 15 and I just checked the IRS site and it is ready!! Hopefully you all get yours soon so you can close on your new homes!!

  • Susan

    Congrats Becki and thanks for keeping us posted, very encouraging. BTW, how do you check the IRS website?

  • Becki

    Thanks, we still lost our buyers so we are starting the whole frustrating process again!! If you go to IRS.gov there is a link that says order transcripts just click on that and enter your info it will let you know if the transcript is ready.

  • Chad

    Hooray! Mine are ready too! I paid on 2/16 and they weren’t available last night, but they were available today 3/2. Good luck to all.

  • Anita

    Congrats Becki! How did you pay? in person, on line, by mail etc? This is very encouraging and I think that Chad should be right behind you then with having paid his on the 16th. Couple more questions, when had you last checked before the time you were able to get your transcript available notification (i.e. last week, this past Monday etc.) and thenwere you just working directly with the IRS or did you also have a tax advocate case open?

    Susan when you go to the IRS website you can type in order transcript in the search field and it should guide you there. You enter some information and then it will tell you if it is available.

    Fingers crossed for us all – let’s hope that we are still in the window of when it is not too crazy at the IRS. I have heard that it gets nuts there as soon as April rolls around so hopefully we all get what we need by March!

  • Anita

    No way Chad!!! So for you and Becky both it seems to me that there was a 2 week total waiting period. Did you pay in person or was it online? thanks!

  • Chad

    I paid electronically via the EFTPS system. I would check to see if you’re payment has posted to your account. Even though the money was deducted from my checking account on 2/16, it didn’t show on my IRS record until a few days later, though it did say payment was received on 2/16.

  • Anita

    Ok thanks Chad. I did pay online and was told that they would credit the payment as of the date it went through their system however it would take 5-7 days to post to my account. I am calling daily to see the status and will keep you all posted. Like you and Becki, I hope it is only a 2 week or so wait! I’m glad you got your transcrpts and this also gives me hope that the newer systems are updating more frequently than just over the weekends!

  • Chad

    The funny part is that when I called my advocate this morning, she said she they weren’t ready, but I told her no, they are, that I just pulled them online from ‘order a transcript’ at irs.gov, then she checked her co-workers computer and she said they are there. They were in the new system, but not in the old system, so be sure to tell whomever you talk to that they need to check the new system, and check to see if payment has posted and on what day. I’m confident that if there are no further issues, transcripts will be available 14 or 15 days after that payment date.

  • Becki

    We paid online through one of the pay services provided on the IRS website. I don’t remember the name of it but we were able to pay electronically with a debit card. I checked last night and they weren’t ready but when I checked this morning they were. I didn’t use the TAS or work directly with the IRS we didn’t seem to get any answers so we just paid them and hoped for the best. Unfortunately our buyers found a cheaper house and have backed out on our deal 3 days prior to us closing so we will lose the house that we were going to buy. But at least I know that the transcripts are there for when we will need them.

  • Susan

    I just went online to see if my transcript is ready. Do I order an account transcript or return transcript? I tried both. The account transcript is ready and they are now automatically sending me that although I think it’s the wrong one. Also, I paid by check at the IRS office so hopefully that won’t delay things. (The person I spoke to there couldn’t tell me which was the fastest way to pay so I guessed…. again.)

    Good to hear the good news though, that’s it’s taking about 2 weeks!

  • Becki

    Most lenders want the return transcript.

  • Tarea

    Hey, I’m in a situation where I owe and I’m waiting on my 2011 transcript for a loan. When I read this blog, it sounds like paying your tax bill does speed it up. I called TAS to verify and they said whether you pay or don’t pay, it makes no difference on how quickly the transcript becomes available. They said on average, for a person who owes, it’s about 6-8 weeks regardless of payment. So now I’m even more confused! I get conflicting answers from IRS, TAS, blogs, etc. Our loan is supposed to close 3/15 and help would be greatly appreciated!

  • Chad

    Tarea, here’s where I pulled the information on payment vs. non-payment processing times. http://www.irs.gov/irm/part21/irm_21-004-001r.html (search for the keywords ‘balance due’. I would go ahead an pay electronically if that is possible. I too heard the similar and conflicting answers from the IRS, but paying can’t hurt.

  • Tarea

    Thanks Chad! Where exactly do I find that rule? I looked on the link but trying to search through that is a whole different animal! I tried searching balance due but couldn’t find anything. Congrats in getting your transcript. You give me hope!!

  • Anita

    thanks agian Becki and Chad for responding and providing us wiht all of your lessons learned. It is so crazy trying to navigate through all this madness!

  • Anita

    Becki, I paid online also through one of the authorized pay services off of and recommended on the IRS website. Hopefully another buyer will come along soon for you so you can move on!

  • Anita

    Tarea, I was told by my Tax Advocate person as Becki and Chad posted earlier that the refund returns are the IRS priority as they have to be paid in a specific time frame or they owe the tax payers interest. The balance owed (like you and I) are not priority but, if you pay in full, the return should process within one week and then the transcript should be ready about a week after that. I believe Becki and Chad paid around the same time and it took just over 2 weeks for them to have what they needed. I would pay if you could. My escrow was to close the 8th but we got an extension until the 22nd so I am hoping the payment I made on the 28th will post sooner than later. Susan paid a day before I did and e filed on the 6th of Feb like I did so she and I are neck in neck. Also, everyone I have spoken to says that in any event an e-filed return processes quicker than a paper return you mail or hand deliver as the e-filed returns do not need to be manually entered like a paper return. Hope this helps.

  • Becki

    Thank you Anita, we are taking the month off and then will list again on April 1. I hope you get your transcripts soon, this is all such a very stressful process!!

  • Anita

    I agree Becki. It is stressful, emotional and frustrating. I spoke to another rep today at the IRS and as you know from personal experience, got another version of the story stating they could see my return, it was accepted via e filing but they wouldn’t process it until after April. Luckily between Susan and Chad’s posting of the recital form IRS code I explained to him that the new manual states that balance due refunds are processed one week after payment posts and he did look it up and found it. He also said that we get credit for the date that the payment is recorded through those online services that you and I used even though it takes up to 7 business days for the payment to post to our account which makes sense with respect to how soon after electronic payment was made that you and Chad recieved your transcripts. Ugh, I think I am going to get the IRS out of my system for the weekend. Take care.

  • Becki

    Good idea Anita, this has had to of been one of the most stressful things that I have had to deal with. From the moment we decided to sell our home and buy a new one! The good thing is I lost 30 lbs that have been hanging on since I had our youngest daughter but I have lost sleep, have had a hard time concentrating on anything else but the house. I hope you can enjoy your weekend and you are able to get your transcripts soon!!

  • Anita

    Thanks Becki! If anything, it’s nice to know many of us are not alone and I wasn’t the only out there going through what I think is probably the single most worse part of home buying! In any event, have a nice weekend. Talk to you all next week:)

  • Tarea

    Thank you all so much, especially you Chad for doing all the research into this matter. I was just at the point of giving up when I found this blog. I feel like we’re in a “IRS anonymous” support group!! I pulled the trigger and paid my taxes today. So Chad and Becki you gave me hope and Anita, I can’t wait to hear when your transcript comes back! Luckily the seller is still trying to fight the appraisal value, which is good because I need more time cuz there’s no way we’ll make the original 3/15 closing. But I have faith and believe it will work out thanks to you guys!

  • Anita

    Great decision in my opniion to pay Tarea! I believe that is truly the trigger based on the various IRS codes Chad and earlier Susan found. I too am grateful to everyone here – and it’s nice knowing we are in the same boat. With as stressful and agonizing as this can get it is comforting to knwo we have a place to vent! Let’s keep one another posted on updates and have a nice weekkend!

  • Susan

    I agree. Tarea, what you’ve been told just wasn’t true about it making a difference. I’m so glad you found this blog too! If you don’t make the closing date at least you’ll have something solid to tell the sellers. You’re payment shou;d have cleared by then, then another week for the taxes to be processed and about another week for the transcripts. I think if your honest with sellers and your realtor can explain the situation they will understand it will just cost them more time and money to find another buyer. Sellers (and buyers) just get nervous when they can’t see an end in sight. We’ll all keep you posted regarding our dates so you’ll have a clearer idea about yours.

  • adrienne

    I also agree, the wealth of.knowledge and info I got from this particular board kept me sane for the 3wks it took to find a lender that would work with my tax situation regardless of that horrible 4056T.
    The 4days i spent at the Irs office was a life lesson i will never repeat. We finally signed escrow docs last monday(2/27)got our keys on Wed. afternoon(2/29). Thank you all so much, 2/22 was my breaking point and without this site u would have lost my mind and my nerve to go on with this whole thing!

  • Guys,

    I can’t express how grateful I am that you have been helping each other at this level. On most of my posts, I am usually answering all questions. I’m now referring to your experiences to help others in your situation. Your contributions are greatly appreciated and are helping many others. Thank you!

  • Susan

    Hi Keane,

    So glad others are benefiting from this. Once I close, I am going to also let my lenders know so they can advise other clients.

  • Tarea

    Thanks for creating this blog Keane! It’s really amazing how lenders and CPAs don’t know anything about the time frames on the transcripts – especially for balance due returns. This blog has been a life saver and then only site that gave me any helpful information at all. I’m originally from Belligham, WA and my brother lives in Seattle. (I’m in Dallas, TX) When he’s ready to buy a house I’ll definitely send him your way!

  • Anita

    Susan, I agree with sharing the information with you lender as my lender saw my filed tax returns and never commented about whether or not I needed to pay in order to prompt the processing and transcript turn around. The same went for the Loan Officer processing my file; both were surprised when I told them. Likewise for the selling and listing agents! I’m in Southern California and I know that based on Keane’s article this has probably been the circumstance for many for at least 3+ years but there is such limited information and as many of you know, you can get 20 different answers by talking to 20 different IRS representatives which can be even more confusing, worrisome and frustrating! After so many google searches this is definiely the most helpful blog. My transcripts are still not ready but I am hopeful that this is the week the payment will post as I was told consistently by IRS staff that it takes 5-7 days for the payment to post although they do credit it based on the day you made it. Looking forward to hearing about anyone else who may have gotten transcripts!

  • Tarea,

    That is very kind of you. I’m glad things worked out for you and again, thank you for referring your family to me.

  • Heather

    This is so scary. We are buying a house with the closing scheduled for 3-22. Until today, we had no idea that they’d need the transcripts, we had provided the 1040’s. We had just overnighted our 2010 taxes, which is what our lender is asking for today, along with full payment and now I am panicked there is no way that the transcripts will get there in time. I’m not sure whether I’m worrying for no reason, or jumping the gun. I don’t know whether I should call our mortgage broker in the morning and tell her our concerns, or just let it ride, whether I should contact the real estate agent and ask about extending the closing or what! We locked in our loan rate 3/2, which is good for 45 days, and everything else has been processing. The last official word was our loan was going to underwriting today which takes 48 hours according to the broker. I am so lost!

  • Chad

    Heather,

    When you say, “we had provided the 1040’s”, was that to your lender or to the IRS? When you say, “We had just overnighted our 2010 taxes”, was that your copy of your 2010 returns to your lender or submitting 2010 taxes to the IRS. Normally, past tax return ‘transcripts’ are readily available with 24 hours via your lender accessing them. The discussion here has mostly revolved around acquiring 2011 tax return transcripts. Lenders normally need 1 or 2 years of tax return transcripts. They can use 2009 and 2010 transcripts which are available immediately as long as they were filed normally during that tax period in the past. If you need to prove increased income from 2011 tax returns to prove a better debt to income ratio, then you need to wait for this processing year (2011) to process (due on April 17th of 2012). I’m inclined to say you have nothing to worry about as long as you filed 2010 on time. If, however, you need 2011 tax return transcripts, or you are just now filing 2010 tax returns, then you may have to wait. Tell us if you are just now filing old returns or if you are just waiting on your lender to request normal past transcripts that should be readily available (and is a normal process with a 24-48 hour turnaround).

  • Heather

    Hi Chad, panic clearly made that unclear. We had been asked for 2009/2010 taxes. We just overnighted the 2010 taxes to the IRS today, along with full payment. We had filed an extension and so on. The house thing was a surprise, as we had planned to make an offer in April and instead made it in February due to the seller having a health issue. It wasn’t until I got home and googled the transcript that I realized it may be an issue. So as of right now, the broker had said we were going to underwriting this morning, and we close in 14 days. I am not sure whether to notify them I think this will be a problem, or whether to just let it go and see what happens. I’m fairly certain the buyer will let us extend the closing date, as their home had been on the market for 2 years, but I’ve never done that. Until tonight I was sure everything was fine as we are overqualified by a lot for the loan.

  • Chad

    From my limited knowledge, and I’m only a regular citizen, not a lender or in this business at all…

    It’s probably just up to the underwriter, and what type of loan you have (FHA? which is what I had and all I can really comment on) to see what their requirements are for that loan. Some loan types require different things. Personally I would keep quiet, or find out if you signed a 4506-T transcript request form in your loan docs and inquire about this whole thing with your lender, who should be on your side. If you do need 2010 transcripts to qualify for your type of loan, then I would guess that it would take a while to get them since past returns are not filed electronically and must be snail-mailed, manually processed, etc. If that is in fact the case and you have to have them, then you need to try to get a tax advocate who may be able to expedite them. Tax advocate’s don’t seem to be able to expedite current electronic returns, but from what mine told me they have power to expedite paper returns. Regardless, don’t borrow trouble or stress. I wouldn’t take any action until the underwriter indicates that you do not qualify based on IRS transcripts. Also, keep in mind that I can only share my experience and I’m in no way an authority on the subject.

  • Chad

    Also if the home has been on the market for 2 years then a simple addendum to extend closing should be no big deal, i.e. a one page document simply stating a paperwork delay. All contracts can be amended. I was supposed to close in February. We are scheduled to close tomorrow (for the fourth time!). Wish me luck! I’m afraid delayed closings are the ‘new norm’.

  • Heather,

    Did you ask your lender if they would take stamped returns from the local IRS office as proof of receipt? The local advocate office can stamp the returns as received and provide proof the payment received at their office.

    This is a lender exception but it’s something my company provides in place of transcripts.

  • Steve

    Hello All,

    Thanks to everyone for the stories and updates, I have been reading them often as I am in the same boat. I was optimistic, I had file the day after Chad did, paid the day after he did, even had the same closing date and got a similar extension… However, my transcripts are still unavailable. Same story as most of you – Talked to about 30 people and got about 30 answers. TAS told us last week “We can’t do anything to speed it up, but we can see it in processing and you should have them next week”. Yesterday I got a call from our contact saying that there’s nothing there, we clearly never filed, and won’t have anything for closing. After calling back several times to ask how they could originally see it and now it’s lost and was never there, we have yet to hear back from anyone. (I’ve been told we are in the ‘updated’ system by several people, but in passing that along to our contact she told me she’s been doing this for 27 years and knows of no new system or updates of any sort and didn’t know what the others were talking about.) With the many different responses we got about our situation, the one consistent answer everyone has given us is “There’s nothing we can do”.

    I suppose there isn’t a lot of information in my post. Hopefully I can update with good news as I have about a week before I lose the house. There are a lot more of us out there than I realized and this forum has given me a bit more piece of mind through knowing that. So thanks.

  • Anita

    Hi Everyone, Still no transcripts but after calling the IRS just now I have learned that my full payment has posted to my account as of the day I submitted electronically which was 02/28/2012 so I am hoping that I have the same luck Chad and Becki had and that the processing and transcripts will hit soon! Fingers crossed!!!

    Susan, have you called them to see if your payment has posted to your account? I remember you paying the day before I did:)

  • Susan

    Hi Anita, I called the IRS on Monday to see if payment had been processed. I knew it had been posted almost immediately but wanted to see if I could find out if it had been processed since then it’s only another week until the actual returns are processed and then, another weekend for the transcripts, I think. The person I spoke to didn’t seem to hear me but just kept repeating when it was posted. Eventually he said “Are you hearing what I’m saying ma’am”! I felt like answering, “Listening Sonny, I probably know your job better than you do right now!” You have to laugh.
    Anyway, I’ll call again tomorrow since there is a slim chance the returns will have been processed, but I’m expecting it to be early next week, and then hopefully the transcripts will be available by the 19th.

    Steve, I’m sorry you’ve had more trouble. Have you tried calling the IRS directly? 1-800-829-1040. I don’t go through a third party anymore. I’m even getting my transcripts faxed to me as soon as they are ready, to send to my lenders, rather than using the lenders third party to do it. I have little faith so am taking no chances. It is by the grace of our sellers than I haven’t lost the house, not by the hard work of my lenders or the IRS. There are some rules that have changed this year so no matter how much experience your person has, they still might not know.

    We all wish you the best.

  • Anita

    Welcome Heather and Steve. Like you both, even though some times there are no answers, we all feel so glad to have found this blog as it has formed community and commonality not to mention that I have gotten more information here at times than from the IRS! Please keep us posted on your situation because it does really help everyone.

    Susan, sounds like you and I spoke to the same person! I too am hopeful that the week of the 19th will be the week my transcripts are ready since payment posted and the returns should be processed next week. We could end up lucky like Becki and Chad and have the 2 week turn around:) Fingers crossed! We were lucky the sellers also extended for us and I know from our realtor they don’t want to start all over. We are so close! Keep me posted on what you learn.

    thanks!

  • I am truly amazed at how much more informed a person can become by doing research on the internet as opposed to calling the IRS. My situation involves a refinance. I too owe this year. I filed on the 22nd of February and was told three weeks max for processing. Not until I did research did I find out the returns are processed first and mine wouldn’t be processed until the middle of April beginning of May. Unlike other posts, I NEED to do the refinance before I can pay the taxes. We did construction on our home and are doing a cash out refi to pay for what we did. Everything is in place to get the loan except the 2011 transcript. I tried calling an advocate but he was only rude. I told him that we needed the refi to put money back in our pockets, otherwise I will not be able to pay my bills. He asked if my car was repossessed or if my house was in foreclosure and I said no but if I didn’t get the refi that was where we were headed…he didn’t care. Nothing he could do. I just contacted my local Congressman to see if there was anything they could do. Has anyone had experience with doing that? Funny thing is I will not be able to pay the IRS if I can’t get the refi yet it’s the IRS that’s holding it up. I find it insane that the IRS determines that peoples refunds are more important then those that need transcripts.

  • Anita

    I have heard/read/been told and thanks to Chad’s earlier reference to the IRS tax code that balance due returns are not processed until some time in April or even May as the IRS has a 6 week tiem frame to process and send out refunds on refund due returns or they owe the tax payer interest and penalties which is why those take precedence. A close friend of mine has a cousin who works for the IRS (but that does me no good as they have such his security etc.) and she was able to confirm the aforementioned but ntohing else. I was told by IRS agents and the TAS that balance due returns (those where we owe the IRS $$$) are processed after tax time unless the balance is paid in full. Then the return is process about a week after payment. Thereafter within about another week the transcript is ready. Most recently on this posting both Becki and Chad paid their returns in full electronically and their transcripts were available in just a little bit over 2 weeks from the date they paid their taxes. Another thing I have heard for those in our situation is to try to get your taxes filed, paid etc. prior to about April 5-10 as that is when it gets very crazy at the IRS and payment or not, balnce due returns are not the priority. I also understand that when you do not e-file, returns take longer to process as an IRS agent actually has to manually enter everything in order for it to process which makes processing 6-8 weeks or so provided payment was made whereas in e-filing, the file is electronically uploaded from the sender (tax software etc.). I do know that my payment took about a week to post (including weekend) this past Tuesday 03.06 but the IRS gave me credit as of the date is was made which was 02.28 so I am hopeful that my taxes will process in the next week. Once processed, the transcript seems to be automatically available. Hope this helps – another option in your situation may be to set up a payment arrangement with the IRS that you can show your lender and hopefully they can extend your rate lock so that the taxes process or see if they will accept the stamped returns from the TAX or local IRS office; my lender does not accept those but I hear many do.

  • Heather

    Thanks for all the help. I’m waiting till Monday, and then calling my mortgage broker to see what they want us to do. They still haven’t notified me of a problem, but I figure being proactive will be better. I ordered the returns for all the years I could, so I would have them here. I’ll also call a tax advocate on Monday to see if they can see the return, and/or speed things along. If not, if the Mortgage company is ok with it, we’ll amend the return and have it stamped and recorded as paid at the local IRS office. If not, I’ll see if we can move closing out a bit. We weren’t planning on actually moving into the house for 6 weeks after closing, and hopefully the sellers will work with us. I’m just happy I realized this could be a problem now. I had asked the Mortgage broker about this originally, and they had said it just had to be ‘on file’ before close. I didn’t realize how long that would take. Suzanne – can you file a payment program online and see if that would process it faster? At least that might be something to ask about.

  • Tarea

    Just an update. I called the IRS today to see if my payment had posted to my account (paid on 3/3). The payment was received but not posted – still in “pending” status. Then I referenced the IRM code just to see if I could get clarification on once payment posts, the transcript should be processed one cycle(week) after. After talking to her supervisor twice, she claimed that even though the payment “posts”, balance due transcripts still are not “processed” until cycle 20. I told her that didn’t make any sense and told her I knew of people that had gotten their transcripts back sooner after they paid. She kept insisting that being “posted” and “processed” were 2 separate things. This is all so frustrating. Our sellers are willing to push back closing til end of March and I jsut hope and pray that what happened for Chad and Becki will happen for me. I’ll feel so much better once Anita and Susan’s transcripts are available because I’m just a few days after them. This whole situation requires a lot of faith!!

  • Anita

    Heather, let us know what happens – I’m hopeful for you if they just need to be on file but of course, you may want to ask them exactly what they mean by that. Tarea, as soon as I have teh transcripts available, I will post. If I have the same luck Chad and Becki did, it will be later part of next week. Susan and I are in the same boat as she paid 2/27 so if she gets hers I will be cautiously optimistic. It sounds like you spoke to a real gem over at the IRS…I am pretty confident in the IRS code that Chad and Susan reference is correct with regards to processing balance due refunds starting cycle 20 or 1 cycle after payments post – whichever occurs first. But I agree none of us will be at peace with this until we can access those transcripts. My close was moved up to 03.22.2012 and I am hoping aand praying we have them by that week at least! Will keep you posted.

  • Susan

    I got my transcripts today!!!!!! I called the IRS this morning just to check in, not really expecting until the 19th. I can’t work out how on earth it happened since the person I spoke to on the phone this morning said the tax returns hadn’t processed yet, but she could see the return transcripts on file. (??) Went down to the IRS office in person to collect them, and had them off to the lenders immediately. Here’s a summary…
    Feb 6th – e-filed a balance due return
    Feb 27th – Paid the full balance due by check dropped in to the IRS office.
    Mar 9th – Return transcript available.
    Mar 22th – new close date – 56 days late!

    If anything, I’m a little more confused about how it all works after today but obviously very grateful to have them.

  • Tarea

    That’s so exciting Susan! Gives me hope! I’m wondering if maybe when you pay, after payment posts the transcripts become available a week later but then the actual return doesn’t get processed until later in May. Who knows and who cares. You got them! I’m so glad after my discouraging phone call today!!

  • Chad

    Well, we finally closed today. I have the keys to our new home! It’s been a bit anti-climatic because of all of the stress, I feel like I need a week of rest, but I’m very relieved. I’d like to thank keaneloans.com for allowing this open forum for all of our concerns. I wish everybody good luck. I’ve learned a lot from our discussions. Persist and don’t give up. All I can say is that, for better or for worse, things aren’t like they used to be.

  • Susan

    Tarea,

    you may be right but yes, who cares!!!!

    Congrats Chad!!!!!!!!!!!!!!!!!!!!!!!!!

  • Susan

    Also Chad,

    I know it’s been rough but those of us that make it are so fortunate. My realtor told me that 5 out of his 7 last house deals have failed to close. We are the lucky ones.

  • Anita

    Great news Susan and Chad!!! Susan you give me a lot of hope too! We paid a day a part and I can personally order the account transcript for 2011 off of the IRS website but the return transcript which is of course what is needed was still not available. I think it was just late last week that you were likewise able to order your account transcript but not the return one so maybe mine is not too far behind. You walked your payment in so that may have sped things up so I am hopeful that maybe I will have something next week but wow 11 days seems to be a record on here. Good for you:) My closing date is supposed to be 03/22 also so wish me luck.

  • Susan

    Hi Anita, make sure you don’t get them to send the transcript to you. Either go down to your local office or find a fax machine, otherwise you’ll be delayed another 1-2 weeks.
    My closing is taking a little longer as I”m dealing with a small firm and one of the underwriters is away at the moment. Hopefully you’ll be able to get to close quicker. But I’m sure, after all this, as long as you have the transcripts and it’s passed through the underwriter and gone to closing by the 22nd, whether or not you’ve actually closed, you’ll be fine. And that will surely have happened. Keep us posted!

  • Anita

    Thank you Susan. Very good advise. I haven’t checked yet today but hopefully they will be in by a week from now. I’m hoping if they come in quicker we can close sooner as well because right now we can’t really plan out the move or do anyting with the property with respect to fixes or cosmetic work. We have plans and even contractors we know we would like to engage but obviously it’s all contingent upon this lovely piece! Will let you all know soon as I get those transcripts!

  • Leah

    I feel very lucky that I found this website!
    Been living at the apt for several years, and finally found my dream house.
    But, my mortgage requires 2011 tax transcript and I still don’t have them.
    I e-filed them on 01.31.2012
    Closing date was first set on 02.29.2012 but extended to 03.19.2012 (already second extension)
    Found out about this website so went to IRS office to pay full amount on 03.05.2012
    So, I called IRS this morning, but they said they still don’t see my payment :(

    Like everyone did, because of this one piece of paper, I feel like I am losing my mind and losing my dream house, my earnest money :(

    I have question to Susan! When you paid at the office, did you frequently check with the IRS to see your payment was posted? If you did, IRS people could see your payment right away?

    Thank you everyone!!

  • Anita

    I almost forgot to mention that it seems true that there may be a new system in place as some of you have gotten transcripts on various days of the week where I was originally under the impression that the system updated only on weekends with new results on Mondays and that no new updates would be available until the following week but in many of your cases (Becki, Chad and Susan), transcripts not available in the middle of the week became available by Friday so I am still hoping my transcripts will show up this week if not next! Have a great week everyone!

  • Anita

    Hi Leah, we all know how you feel. We are all just hanging or have been hanging by the same thread as you. I have not gotten mine quite yet but confirmed Friday of last week that the payment is posted to my account. A few days before that I couldn’t even go online and request the account transcript for 2011 (which is not what the lenders want; they want the return transcript), but, as of Friday the account transcript was in fact available. I think it was about a week or less before Susan got her return transcript that her account transcript was available so since she and I have been neck and neck with most dates (both e filing on the 6th of Feb and paying in full a day apart from eachother – she paid in person on 02/27 and I paid using one of the IRS approved electronic web payers on 02/28), I am hopeful that mine are around the corner. One thing I have learned is that it seems like no matter how you pay (electronic or in person), while the IRS will credit you as of date payment is made, it does take 5-7 days to post to your account. My payment date was credited as of 02/28 which is when I transmitted full payment however, the IRS confirmed for the first time last week that it had been posted and credited to my account. Yours should post soon; you should call daily if possible and ask. IF you have the same luck Susan did, your in person payment could trigger everything to be ready as soon as the end of this week as they do credit you as of the date you made payment. But, many of us have been told so many different things by so many different representatives of the IRS that it is truly a mystery and we can all only hope for hte best. I think in Susan’s case teh great oddity was that her transcript was available yet they told her that her return was not processed…weird but in any event keep us posted and best of luck also!

  • Tarea

    Leah, I’m right there with you. I paid on 3/3/12. I checked on Friday and they showed receipt of payment but it had not been posted yet (I paid online). But like everyone has been saying, it takes 5-7 days to post. Like Anita though, I can also now order my account transcript online which is what happened to Susan and then within a week the return transcript was available. I am also a first time homebuyer so I can feel your pain! Anita should be next, then me and then you right after. We’re all going to get our houses!

  • Anita

    Tarea, your payment should show today or tomorrow I am sure. I am not sure which on line site you used but I used the ones recommended on the IRS website and all was fine so I am sure yours will show any time now. You are right re the posting; even when dropping off payment in person as they accept and receipt it but it still goes to another location or department to be posted. I agree with you thought Tarea, positive thinking! We are going to get our transcripts and our mortgages WILL close:)

  • Steve

    Hello all,

    Regarding a former post, my wife and I had contacted both a congressman’s and senator’s office. They referred us to the TAS. They had been extremely helpful, saying that they can take care of this easily, to then saying there is nothing they can do. Then back and forth a couple more times. Our second and final closing is due on Friday and with nobody answering our calls or calling us back, it’s looking pretty grim. We’ve probably spoken with about 30 people through the 1040 number, but nobody was able to give us information other than they could see our filing, but it hadn’t posted yet. Fingers crossed that somebody works some magic!

    Date of e-filing and acceptance; 2/1, date of payment at service center; 2/17.

  • Anita

    Hi Steve, when you say you paid through a service center, do you mean the IRS office? Also, have you or your wife been able to confirm that they have in fact posted and credited the payment to your account?

  • Tarea

    And Steve, in addition to checking to see if your payment posted, are you able to order your account transcript online yet? That seems to be another indicator that progress is happening and that your return transcript should be available soon.

  • Jack D.

    Oh my god I have been panicking for so many days. After I read your messages I have a very similar case like Susan. Almost same dates…. IRS received my filing on Feb 11th and Like Susan I owed money. I made my payment on March 5th by registering eftps.gov. My escrow is due to close by the end of this week I am very nervous, panicking, short breath I love the house don’t want to lose it. I will probably get extension from the seller so when should I expect my transcript to be ready?
    any idea ?

  • Jack D.

    You guys are awesome I can finally breath by reading some posts that people are getting their return transcript within 2 weeks after their payment is submitted. So when should I expect for my transcript to be ready? Is that true that IRS update their site once a week ?

  • Anita

    Hi Jack, I don’t think anyone REALLY knows how often or when the IRS updates their system. You can call them directly and get several different answers each time you call. The last 3 folks here who have gotten transcripts have gotten them in 11 – 16 days including weekends based on the date they actually made the payment. Please remember that while the IRS will credit your payment as of the date you transmitted it (if you went electronic), it can still take 5-7 days to “post” to your account. I made mine electronically on 02/28/2012 through one of hte IRS recommended third parties who take debit cards and was able to confirm last Thursday that my payment in full had posted to my account. I had not called in a couple of days and did not ask when it posted as they did indicate to me that payment was credited with the 2/28 date. If you go back to pages 13-15 or somewhere in there you will see Becky and Chad’s case. Chad paid like you through EFTPS and his transcript was ready in about 2 weeks or so. Becky paid like I did through one of the IRS third party vendors and had the same result as Chad. As Tarea mentioned to Steve, we believe that when you can go in and request your account transcript on the IRS website, then the return trancript, which your lenders need, are not far behind. Have you tried ordering online through the IRS?

  • Jack D.

    Hello Anita. Thank you so much for your message. You are correct, my account transcript is available but as you mentioned lenders look for return transcript which is not available yet:(

  • Anita

    Tarea you and I are all in the same boat. I am hopeful that we can all retrieve the return transcripts soon then. Susan was able to request the account trancsript and about a week later the return transcript was available so that gives us all hope:)

  • Jack D.

    Oh god!! Lets pray and hope our return transcript will be available by the end of this week or early next week !!! May god bless you all !!

  • Jack D.

    I thank the lord for finding you !!! At least we share our experience and thoughts together.

  • Jack D.

    Leah as you stated “Like everyone did, because of this one piece of paper, I feel like I am losing my mind and losing my dream house, my earnest money”. Same here I feel the same can’t go to sleep I am sooo nervous, it’s my first dream house and surprisingly we found out my wife was 5 months pregnant we’re having our first baby hopefully by then we will be moving in our new place. Too many excitements and nervousness.

  • Anita

    Jack we are all definitely in the same boat and have been eachother’s support and shared in other folks excitement when the anticipated transcripts arrive. I will hope and pray that yours comes along with our ASAP and congrats on the new baby! Try not to stress too much so that you can enjoy the pregnancy with your wife:)

  • Jack D.

    Thank you so much Anita !!!

  • Tarea

    Hey everyone. I finally got personal confirmation from someone who actually works at the IRS that we’re right! After an hour long wait and talking to someone who still insisted, even after I read him the manual, that our returns wouldn’t get processed and transcripts wouldnt by available til may, I called a client referral and by coincidence she worked as a cust svc rep for the IRS! I told her my frustration and how everyone said something different and then I told her about our blog and she told me that exactly what we’re doing is right. She also said that a transcript can become available after full payment is posted even thought the return isnt “processed”. And she also said that the account transcript becoming available was a very good sign because it shows progress. I asked her why more people at the IRS didn’t know this and she said her dept was just made aware in Nov 2011. God sure does send you the people when you need them. You all are in my prayers as well!!

  • Jack D.

    Hey Tarea, Thank you so much for confirming it. May god expedite our process and soon we message each other from our own property :):)

  • Anita

    Oh Tarea, Thank God!!! You are so right that God sends us messages through so many messangers! I appreciate you posting this as soon as your found out and you know, I’m sure it was more that pure coincidence and a client referral that brought this person your way! Hopefully we will have ours in the next week:) Keep me posted! And Jack, have you already spoken to your mortgage representative or lender about your quandry? You may also want to give a heads up to your agent so that if need be, a request for an extension is not a surprise at the last minute. Like Susan and Becki said earlier, it seems to become the norm more and more that extensions are needed and your seller would just have to start from scratch again which would definitely take longer than it would for you to get your transcripts.

    LOL and by the way, when I last spoke to an IRS agent today to find out if they could tell the status of my actual return, he naturally told me that balance due returns process sometime after mid April…I left it alone as I didn’t want to end up on hold while he talked to 3 or 4 other people or found the section of his manual that would tell him that! I’m glad to have heard from Tarea though:)

  • JAck D.

    Hi Anita,
    thank you so much for your message. In regards to extending my loan, the agent decided to go with 30 days escrow closing period but we have verbally agreed to get an extension if it’s needed. The good thing about my agent is that he was my dad’s realtor in the past and he’s nice enough for not removing my loan contingency up until today. ( I think it was more then enough). Unfortunately my loan officer whom I was recommended by many people am little disappointed. He prepared my bank statements, accountant letter, gift letters but never passed it to the underwriter. His excuse was that underwriter will request your 2011 tax return transcript. I said it’s fine let’s at least confirm that’s the only thing which will keep my loan pending from being approved. To make it short after arguing with him he made some calls and said we will give it to the underwriter. Lets cross our finger :):)

  • JAck D.

    The only problem is that the seller is an investment company so I can’t get too many extensions because they want to get their money asap because they need to run some investments soon.

  • JAck D.

    By the way I wonder why Steve’s transcript hasn’t showed up yet. It’s been over a week.
    Thank you so much

  • Chuck

    Thanks to all. I also have the same situation. Only the peice of sheet left is the 11 transcript in order to close the house. e-filed on 1/28, panicked for a while hoped that the transcript should appear in 6 weeks after the e-filing by default. panicked more! Found this blog and rushed to the IRS, paid in full and now I hope in two weeks I also get lucky.
    Funny is neither IRS nor brokers, nor bankers nobody knows about it. God bless America, but I wonder how these people keep their jobs without being on top of what they do. I need a job like that:)

  • Anita

    good morning everyone, my transcript is still not available either. Susan and I did pay neck in neck (a day apart) and I know that the account transcript is ready, payment in full has been posted to my account and they have my accepted e-filed returns so now naturally is just I guess the waiting game. The last 2 weeks however turned up transcripts on Fridays for Becki and Chad on 03/02 and Susan on 03/09 so I am hoping and keeping fingers crossed for the end of this week!!!

  • Jack D.

    I pray that we all get them very soon. I efiled on the 2/11 and just found out that we had to pay in full so I called EFTPS and made the payment. The funds were posted on my account a day after I submitted my payment which was on 3/5. So it’s been 6 days since I made my payment but the EFTPS cust rep told me that it might take until March the 20th for the funds to be shown. The good sign is that they can see the funds, we have the account transcript so we all are waiting for tax transcript. By the way did you guys know the prospect Mortgage underwriters which is a medium size bank are accepting just the payment receipt as tax transcript?
    God now it’s too late to change let’s just all pray and ask god to expedite it.

  • Anita

    Agreed Jack – we just need to pray, hope and wait it out. Most payments made seem to post within 7 business days from what I have seen on this posting. Chad paid like you did using EFTPS and got his transcript in 2 wweeks +1 day including weekends; Becki paid like I did using one of the IRS recommended/approved online third parties and she had hers 2 weeks plus 2 days after. I know it is agonizing but we have definitely done all we can do. I am set to close on 03/22 and it gets closer each day with no transcripts in sight but I am hoping they will be here soon:)

  • Anita

    So I conducted my daily call today and was able to get more information re the status of my return because I was lucky enought to talk to someone who knew more than I can usually get out of whomever I get to speak with and was quite sweet and wympathetic to my situation (trust me it happens like 1 out of 10 times and I’m not trying to say anything bad about them). She took her time reviewing my account and said that while my e file was accepted on 02.06.2012, the return did not “post” or begin processing until 02.28 which is in line with the payment date and she believed that in paying the total amount due, the processing was triggered. She was able to see it “in process” but could not see where it was in the said process so she has (as we speak) transferred me to an advanced account representative who I am currently on hold for…will let you know what else I learn as it become available.

  • Heather

    Update for me so far: The IRS cashed the check we mailed on Thursday and it cleared the bank Friday. I can order an account transcript online but still no transcript. I’m working with our broker, and so far it looks like we just have to verify it. We sent them a copy of the cancelled check, and now they’re asking how we filed. I’m hoping the receipt for the mailing will be enough. Waiting to hear back. I do have a call into the TAS to be sure. Yesterday was spent frantically gathering info for the mortgage which is now approved, but I just got an e-mail with 4 more things they need, including the info on the taxes. So much fun! Closing is on the 22nd, so I’m hopeful that all of this will work out. Of course I wouldn’t be opposed to the IRS fairy simply waving her wand and all our transcripts to be magically online…

  • Anita

    well, the next person was not able to give me any idea other than she didn’t knwo why it hadn’t finished processing, she couldn’t tell when it will finish and I should call back in a week…sigh

  • Anita

    Heather, thanks for posting your update. Our mortgage broker seems to need something every week…updated bank statements, updated pay stubs, a copy of the 2011 taxes, home owner’s insurance, a multitude of letters of explanation etc. I suspect they will request things up until the very end! I know for sure my payment is posted and applied, my 2011 return is processing and the folks I spoke to today said I should have had the transcripts (regardless of a balance due or not) about 3 weeks after filing as my return was electronically accepted. Generally if there are errors on a return, they are detected and rejected on e-files but ours was fine…I believe Tarea had some great insight yesterday adn I am hoping that maybe the 3 week time frame will apply from the date of payment but of course anyone’s guess is as good as mine…

  • Jack D.

    Hey Guys,
    I was just wondering what state do you guys live in ? Is there any priority what states get processed and posted first? I am in California.

  • Jack D.

    As usual I also did my daily work by calling IRS and a service rep insisted that the transcript won’t be available until May and when I mentioned some people from this blog were able to retrieve theirs his answer was that wasn’t transcript just a copy of the tax return which you submitted. He had no idea what he was talking about

  • Anita

    Hi there Jack, I am in Southern California and clearly the guy you spoke to has no clue. When I told the 2nd lady I was transferred to that my e file was accepted on 02.06.2012 she told me to give it 3 weeks; I told her it has been 5 weeks and she said, oh, really then “I don’t know; give it one more week and call back…”

  • Jack D.

    Any updates? not on mine yet. How about you Anita ?

  • Anita

    Hi Jack…no updates. I did check this morning but it is still not available. I called yesterday like I said and of course they can see the return processing but who knows what that really means??? They confirmed payment and I am just praying it is here by no later than Monday. My lender extended my rate lock through April with no additional fees which is comforting but…of course I still need the return transcripts as I am due to close the 22nd. The sellers have taken the house off of the market and I am hopeful and faithful that if we need another week or so that they will allow it as this is an estate sale with the 3 grown heirs living in 3 separate states and it would be a headache to begin this process all over again…

  • Leah

    Hi everyone,
    Yesterday I checked my bank account and payment has been went through.
    I called IRS this morning to see if my payment has been posted…
    But they still don’t see anything..arghhh..
    We already extended closing date twice, and I been getting charged $100 per day till the closing day..March 19th is our closing date, and I don’t think I can get my transcript by then..
    We will talk to seller about more extension, but we are not sure..
    Since they are getting divorce, they want to get rid off the house ASAP..
    But I will keep on praying, and I will also pray for all of you guys, too!
    LET’S CHEER UP!

  • Anita

    Leah, good to hear from you and I pray yours and ours all come in SOON! I know our realtor is the one dealing with the listing (seller’s) side and she has been really smart in how she communicates to them. To Susan’s point earlier, it would not really benefit them to pull out at this point if this is the only thing you need to satisfy…they would have to put the house on the market again, await an offer, negotiate the offer, await inspections, appraisals etc., await confirmation that the buyer has a definitive loan approved and possibly even face a buyer who like you needs their tax transcripts which is what I believe my sellers were advices by their listing agent. The listing agent may want to speak to our lender if we need to extend past the 22nd for anything just to confirm our loan is solid, which it is but, also to confirm that this is the ONLY thing standing between us and closing so all we can do is pray, have faith and wait it out:) Take care.

  • Jack D.

    Yes, Praying is the only weapon to fight timing… It will be my first extension tomorrow. The problem with my seller is that they’re investment company and need the funds asap. I am sure I will get an additional 1 week extension at least since my escrow closing was only for 30 days.
    We’ll see what happens :)

  • Tarea

    No updates on my end. They show payment credited and return is “processing”. I agree with jack. At this point, we all need divine intervention which I believe with prayer is possible! I think Susan got all our hopes up with her transcripts becoming available in 11 days but the average was closer to 15-17 so we all have to be realistic. I’m on day 12 and still hopeful. This blog keeps me sane!

  • Anita

    Hi Tarea and Jack – I agree prayer and divine intervention. Tarea you and I are in the same boat. Also, Susan paid in person with a check and you and I went online which could also factor in even though they credit us as of the date we transmitted the payment. my return too is in processing limbo. I thnak everyone here too for keeping me sane and sharing information. I am on day 15 so I am praying that they show up by Friday. When is your closing Tarea?

  • Jack D.

    Yes Anita,
    I have a belief your transcript will show up this Friday Lets keep our fingers crossed.

  • Anita

    Thank you Jack I certainly hope so as I know it will also give you all a better expectation of when to expect it. If it does come Friday I would certainly expect you and Tarea’s to be available next week! Let’s all pray on it and see what happens:)

  • Tarea

    Anita, my closing has been extended til the 30th. Thank goodness they spent 3 weeks trying to dispute the appraisal so it bought me some time! Still stressful though. They’re pushing to close earlier and don’t understand why we can’t. I’m hoping transcript comes next week and I won’t have to tell them. I’ll feel so much better when yours come Anita. I know you will too!

  • Anita

    Very stressful Tarea and I was stressing yesterday as the mortgage office is ordering loan docs moving forward for a 05/22 close date but they know the transcript isn’t here yet. Hopefully, we will get them soon. I know if I get mine, yours and Jack’s will follow too:)

  • Chuck

    Hi Anita, Leah and Susan:
    I paid by check at the local IRS office thinking that the payment is posted the same day. Now I feel like I had to pay with the debit card.
    How long does it take to get the payment processed. I called them up today and they even do not see the payment.
    Should I cancel the check and quickly pay through the debit card? What do you suggest?
    I do not want to waste the days.
    Thanks

  • Anita

    Hi Chuck, I was told it doesn’t really make a difference if you pay in person or electronically as it is almost standard that the payment will take 5-7 business days to “post” and be applied/credited to your account which then triggers the processing from what I understand. Your would probably add days to your wait by changing it up so I would leave it be. Susan who like you paid at the office had the quickest turn around of us all at a total wait from the day she walked in payment to the day transcripts were ready of 11 total days including weekends. Folks who paid electronically either through the EFTPS or throguh an IRS approved third party accepting debit and credit cards saw a turn around of 15-17 days total including weekends before the transcript was available. I was obsessed and called daily to see when my payment posted. I made the e-payment 02/28/12 in the evening and I confirmed on the 8th that full payment had been credited but bear in mind prior to the 8th I didnt call for 2 days as I was swamped at work so it could have been there since the 7th. In any event, I still agonize and call daily to hear about my return in “processing,” payment credited but not much more than that. I do remembre that a week to the day before Susan was able to get her return trnascript her account transcript was available. My account transcript was available last Friday so I am hoping that by Friday or Monday of next week I have them. I don’t believe you can get your account transcript before payment post; at least that was my situation as I tried for both the account and return transcripts and neither was available but last Friday, the account one was available. When did you walk your payment in? Hope and pray yours come in quickly especially since you walked your payment in!!!

  • Tarea

    Anita, I know you been making the daily calls to the IRS. Is your payment being “posted” and “credited” to your account the same thing? They always tell me mine is credited and I don’t know if there’s any difference.

  • Anita

    Hi Tarea, yes it is. They will pretty much tell you it hasn’t been received or its not showing or something like that. Then they will ask how long ago you made it etc. They usually are also able to tell me the date my account was credited with the payment which is based on the date it actually transmitted which was a good week before they posted or credited it in other works the date I made it online. In my case its 2/28. Yours would be 3/3.

  • Chuck

    Anita, I dropped the check on the 12th. Hopefully I will have something appearing next Friday.

  • Anita

    You just might. I think as long as we took care of business before the hectic and extra busy IRS time hit (which I have heard is about 10 days before the deadline) we should get what we need before month’s end! Hope someone gets something soon:)

  • Susan

    Hi Leah,
    Sorry for the delay in replying to you. When I paid I was told that the payment would be credited that day, which is what a few of us experienced. I didn’t check in everyday as I knew it would be 5 – 10 working days before there would be any news. I paid on a Monday and called on the Friday just to double check. I think I was told there was nothing posted to the account. The payment had come out of my account though so I new something was happening. I called again the follow Monday, 5 working days after payment, and it had been posted to the account, for sure. I didn’t call again until the Friday, 9 working days after payment was made, and my transcripts were ready.

    Just a note, I’m not sure how accurate it is to count weekends. Chad got his transcripts 10 working days after payment was made. I got mine in 9 so we were actually about the same time. I just happened to pay on a Monday and got them on Friday so missed out a second weekend, when nothing happens anyway.

    I really feel for you guys still waiting…

  • Anita

    Just checking in but according to the irs website, no transcripts yet. I am hoping for next week though if not, we will need to ask the sellers to exted escrow again…it is 12 working days today for me but the last few folks seemed to get them on Fridays?

  • Anita

    Need divine intervention. Like many before me I am at the point that I fear we could lose this deal, earnst $$$ etc. Spoke to our realtor today and she sounded concerned over the prospect of us possibly needing anothwr extension but I told her it may be something that we need to ask for with the caveat being, it may not be needed. I’m still hopeful that they could pop up any day now. Our mortgage office called and suggested we go sign loan docs Monday as they are ready so that our realtor can indicate to sellers that everything is done but the lender is awaiting confirmation from the IRS of 2011 taxes before ot can fund and settle. We hope that can buy us another 5-7 business days post our 3/22 scheduled closing date so please wish us luck – I pray they show up by Monday! Anyone else hear anything else new at the IRS? I was lucky enough today to be told again processing of balance due refunds doesn’t begin until April some time…sigh and of course the usual that the return is “processing” and no transcript can be available until it finishes. Balance owed fully credited to my account etc… Hopefully we all get them soon!

  • Daniel

    Hello, everyone
    This is daniel from atlanta, Ga. I am here waiting on transcript, too. I did not know we need to pay our tax due in order to process tax return. After reading everyone’s posting. I mailed my balance due last wed which is march 7. My check has been cashed out on March 12. When I call today they told me that there is pending transaction on my account and telling me that i probably get my tax transcript by end of March. I been fool by IRS reps. so many times and hard to believe what they are saying. Thanks to all of you. All your posting was very helpful. I hope we get out transcript ASAP! Thanks, again.

  • Tarea

    I called today to check status. No transcripts yet but I did have a helpful call. I spoke with someone very nice who of course informed me that I couldn’t get the transcript til May and then I educated him about the IRM manual and he acknowledged he wasn’t aware of that. I did get some hope though. He said that the status of my return had moved from “in processing” to “resequencing”. He had no idea why or what that meant but I know from Chad’s experience his return transcript showed up very soon after it showed resequencing. He also confirmed that it’s a VERY GOOD sign that my account transcript could be ordered because that is an indicator that the return transcript is not far behind. It’s weird though because I was able to order my 2011 account transcript online last Friday but he can’t even view it in his system?! So I’m feeling more helpful today – at least I see there’s movement and progression. I’m praying for you Anita to get yours tomorrow. You need it and deserve it for how helpful you’ve been!!

  • Jack D.

    Hey guys, I just heard from my loan officer he submitted my documents to the underwriter and I got approved but pending on transcript. I am praying for all of you guys. I can’t believe how govt wants the housing market to increase while IRS is putting is through this mess. Lets all pray and wait for the transcript. I am sure our prayers will be heard soon and we will be all soon living in our new property :):)

  • Anita

    Hi Daniel, Tarea and Jack, hopefully we will all have what we need soon! Saying lots of prayers for all of us as I do think we all deserve some divine intervention:) Congrats Jack on getting approval and Tarea, it seems like your “stuff” is moving right along. As you know, like you, I have been able to request the account transcript too and I am hopeful that is an indicator that the best is yet to come SOON! Danial, I agree that the IRS and the banks need to get together on this as it is costing people stress and money I’m sure in some cases. I am hoping that we can all close and be on our way to moving ASAP! Thanks Tarea for your prayers; you all have mine as well and you are likewise very full of insight and help. I’m relieved when I’m at my witts end that we have this blog:)

  • Tarea

    Ahhhhhhhh! My return transcript is ready!!! Checked online last night, not available. Checked this morning and it’s available to be ordered!! I can barely believe it! I can’t wait til IRS is open so I can get it faxed!! Anita, I know you’re not up yet but I’m hoping yours is there too. Looks like Friday is the magical day. Keep believing!!

  • Daniel

    Hello, everyone

    This morning I called IRS and my account transcript was available. But my tax return transcript has not been posted. Anyways, I request my account transcript by fax and drop it off to my loan processor. I am so happy to Tarea got her return tax return and i hope Anita will get it today!

  • Leah

    TAREA CONGRATULATIONS!! I’M SUPER SUPER HAPPY FOR YOU!!
    I just checked my transcript status on online, and could order my account transcript for 2011!
    I think this is a pretty good sign :)
    Since my closing date is next Monday, I will talked to seller for a more extension.
    As you mentioned, Friday is the magical day!
    I am still praying for everyone! Let’s keep believing!

  • Tarea

    I’m holding my return transcript in my hands! I called to get it faxed and of course they told me that my transcript wasn’t available because the return was still in processing and it was a balance due, won’t be available til May etc, etc. She said I was probably looking at the account transcript. I told her no disrespect but I look at this every day and I read her the request approval online which I saved just in case. She’s like “oh let me look at another screen” and she found it and faxed it. Persist, persist, persist! This DOES WORK! I had my doubts placing my faith in a little known blog of less than 10 people’s experiences but we’re right! We’re all going to be in our homes soon! Anita, we need to hear from you!! Thank you so much everyone for all your information, updates and most of all prayers!!

  • Susan

    Tarea,

    Congrats!!!!! Anita???????

  • Jack D.

    Hey Tarea ! Congratsssssssssss :):):):):)
    WOW what a relief :):) I made my payment on the 5th but still no transcript for me. Let’s hope for next week :):):)

  • Chuck

    Hello everybody,
    I e-filed on 1/28
    paid full on 3/12
    account transcript is available on 3/16 (same Friday)
    Let’s pray I will get my return transcript next Friday.
    Thanks to you all

  • Chuck

    I just lost my post and typing it again. If it appears twice, my apologies!
    I e-filed on 1/28
    paid by check at IRS local office on 3/12
    today the account transcript is available in the website (3/16)
    Hoping to get the returns transcript next week.
    Looks like the system works!
    Good luck to all!

  • Anita

    HI Everyone!!!!!!!!!!!!!! Mine are available today. My Tax Advocate actually called me personally but this is the first time I have had a chance to log on and tell you all as I am at a kBoard meeting until tonight. Whoo Hoo I know we ar eall going to get them in time:) I will be closing next week! I will keep up with the posts to see how you are all doing and congrats Tarea!!! Good for you I am still catching up on reading the posts so I am sorry if I left any congrats off!

  • Anita

    For those of you who can access your account transcripts I am certain that your return transcript will be ready for you next Friday!!! It just seems like that has been the consistent trend for Bc=ecki, Chad, Susan, Tarea and I and I want to thank all of my new found friends on this blog. without your help, insight, contributions, prayers and reminders to be positive, I think I would have gone absolutely mad and lost my mind entirely!!!! You all are the best and Susan thanks so much for following up. I was going crazy this morning as I sat at the 8 am Board session when I couldn’t even log in and check until now and then the 8:40 a.m. call came in from my tax advocate with the good news. I have never been so happy as to get a call from the IRS!!! My case is closed out now and I am just so excited. My hubby and I are scheduled to sign Monday at 3:30 pm. Let’s all focus on next Friday for those of you with account transcript access:)

  • Anita

    Daniel and Jack thanks so much I did get them and I know you both will get yours too and we will all be preparing to move soon:)

  • Susan

    Anita,

    Yay!!!!!!!!! It’s good that we are getting a much clearer idea of how it all works. It seems like the first Friday after about 10 working days is when they come through. I was lucky and sneaked in at 9. Was actually supposed to close today but would you believe it, I’m out of town this weekend! Closing on Tuesday.

  • Anita

    Thank again Susan! I hope you spend the weekend doing something fun!!! I am so relieved and glad that it seems like this long, stressful and labor intensive process will be over to we can move on to what should be the real fun…moving!

  • Anita

    I would add/offer to anyone new coming on to the blog that whatever you do, be sure to take care of your IRS business before April as there could be delays during their crazy peak season.

  • Jack D

    Oh My God !!!!!!!!!!! Anita I am so happy for you !!! I am also happy that ours is on its way. At one point I misread your previous post, I thought you made your payment on the 3rd of March and your transcript showed up today. I was getting worried about my transcript because my payment was submitted on the March 2nd and posted on the 5th. So I am hoping my transcript will show this Monday or Friday of next week.
    What do you guys think ?

  • Jack D

    Is there possibility my transcript could show up on a monday?
    thank you :)

  • Daniel

    Hey, Jack

    I think You will get your tax return transcript before me. I made my payment on the 8th of March. Yesterday, I was be able to request my account transcript. I am still waiting on my return transcript. IRS reps. told me that my return transcript will be avaiable by 24th or 26 of March. Since, your payment was made 5 days head of me, You should be receive by monday! It is very possible!

  • Jack D.

    Thank you so much Daniel for your post. I hope we get them at the same time. The past 3 weeks the transcripts are showing on Fridays. Did anyone get it on a Monday ? Lets keep our faith it will be here by next week I am confident ! :):)

  • Anita

    Thank you Jack for your kind words – it does seem to be the magic happens on Fridays but I could be wrong however there is a pattern. I think you, Daniel and Chuck may all have yours next Friday since you all paid early March. Let me tell you this was probably one of the only times I was happy to hear from the IRS! Keep us posted:)

  • Leah

    ANITA!! CONGRATULATIONS! Now don’t be stressed out and enjoy your new home!
    Jack, as Daniel mentioned, you will probably get it before us, maybe by next week! YAY! However Daniel, I made my payment on the 5th of March (account transcript was available on 3/16) so we all might get our return transcript on next Friday!
    It is very possible!
    Let’s hope for next week! I will pray for all of you who already got the transcript for moving to the new house safely and also for Jack, Daniel, Chuck and for myself to get us the transcript without any obstacles by next week!

  • Jordan

    I’m in the same boat as u all I was freAking and u give me hope my mortgage company has been waiting in my for 4 weeks I’m gonna Lose house soon efiled 1/17. Nothing for 2 mnths then someone told me I had to pay balance so I did that last fri so it’s been 8 days and still nada but do many people say they wnt have transcripts til may or June no matter what but now u guys give me hope I’m praying

  • Jordan

    I call IRS they dnt have clue even my tax advocate case worker didn’t know but one little old sounding lady at IRS told me if I paid my balance in week after it takes to post then return would finish processing the crazy thing is I had to fix a few plumbing issues in house I’m trying to buy because it couldn’t get appraised so I spent 3,000$ on plumbing before I even closed then find out no transcripts no close so that’s y I’m freaking plus I really love the house so I hope Ur all right!!

  • Jack D.

    Hey Jordan,
    you came to the right place. I was panicking and getting worried thinking I would be losing the house but thank god for guiding me to find this blog. People here are extremely nice and supportive. Anita and many other kept their faith and they received their transcripts yesterday. I pray for each and everyone of you so we can get our transcripts by next week.

  • Jordan

    Omg thank u guys Ur all that’s keeping me sain right now I’ll keep reading posts and Also posting! Thanks again

  • Jack D.

    Hi Tarea,
    I was wondering what time did you make the payment? I remember making my payment around 3:30 pm pacific standard time on the 3rd of March but my transcript hasn’t showed up yet.
    Hopefully it will soon. They said my status changed from processing to
    re-sequencing.

  • Jordan

    I Accualy made the payment thru one of those companies they list on there site, I used debit card at around 8pm last fri.

  • Jordan

    Sorry lol I’m not tarea! Wasn’t paying attention, thought u were asking me ha

  • Anita

    Jack both tarea and chad got their transcripts a week or the friday after being told they were in the “re-sequencing” staus so I’m sure yours will pop up end of the week by 3/23. I think Daniel will have his too. Jordan, it seems to be. That within 7-10 days after receiving confirmation from the iRS that they have posted your payment and it shows paid on your account that the transcript becomes available. So if you paid the 8th, you could very week have yours end of this or latest next week – Fridays seem to be when they become available.

  • Jack D.

    Hopefully Jordan yours and all of us will be available next week !!!!

  • Jordan

    I’m not even sure how to see if they posted payment to my account yet they did send me email saying I paid also they took $ From my account but when I type in social security # and then single and then I put 1$ in the return thing because that’s what I was told to do if u get no return it keeps saying we have received Ur taxes and they are being processed for 2 mnths it’s said this! How do I check if they Accualy credited my account with paid in full? Thanks everyone!!

  • Tarea

    Jack, I paid on the 3rd around 1pm central time. Yours has got to be coming any day now. The IRS claims a lot of things are processed over the weekend so maybe I got caught in that earlier weekend cycle vs you. My speculation, just based on people’s experiences here, is that things get processed over the weekend but the transcript doesn’t become available be viewed until Friday. But it could just be coincidence that we’ve all gotten ours on a Friday. The fact that yours is being resequenced is very good. That seems to be the final step before the transcript becomes available. I think it will show Monday or worse case on Friday if my Friday theory is correct. I’m praying you break the Friday cycle and get it early. Anything is possible with prayer :)

  • Tarea

    Jordan, I’m so glad you found our little support blog! I also efiled like u on 1/17 and then spent 6 weeks waiting for my transcript based on IRS advice and then found this blog on March 1st. Thank god I did!! In terms of you knowing if your payment is credited, you have to call the IRS. They won’t tell you it’s “posted” because apparently things only post when your return has completed processing. But they will tell you it’s been credited and they’ll give you a date which should be the date you paid. Theyll also tell you that your transcript won’t be available til your return finishes processing which won’t be til after refunds, end of May, etc but that’s simply NOT TRUE! For a lot of us with balance due who paid, the transcripts have become available and our returns are still in processing! so I would call them tomorrow. Seems steps of progress are this:
    1. You pay (I did 3/3)
    2. In about 5-7 days your payment has been “credited” and your return is “in processing” (for me 3/7) You can call to verify
    3. You’re able to order your account transcript online 1-2 days later (for me 3/9)
    4. About 5-6 days later your account will go into “resequencing” still “in processing” (for me 3/14) you can call to verify
    5. About 1-2 days later your return transcript is ready online (for me 3/16) and you can call and get it faxed to you,
    Your times frames may vary a little because of the processing cycles at the IRS which we don’t know. But most everyone here as gotten theirs back in 12-17 calendar days or 9-13 working days.
    I’m hopeful for all of you!

  • Tarea

    Jack, when you first blogged here 5 days ago you said you made your payment on March 5th. I remember that because I knew you were a few days after me. But then you said recently you paid on March 3rd, that same day I did. Just for the integrity of the blog so we can keep up with everyone’s time frames, which date did you actually pay?

  • Jack D.

    HI Terea, thank you so much for your info. The reason I first said 3/5 and later changed it because I was going with the date the payment was posted on my account not the date which I submitted it.

  • Tarea

    Thanks for clarification Jack. It’s coming this week! I’m praying for you and Leah, Daniel, Steve, Jordan and whoever else I may be missing or has not blogged in. I know you’re all waiting with baited breath. I didn’t believe it 100% til it worked for me!

  • Jordan

    Tarea, thanks so much! Ya I’ve already been able to order my account transcripts online and they say 5-10 days but like u said when I try to order return transcripts it says not available yet and I believe it’s def my return transcripts that my mortgage company needs so well see I’m def not freaking out like I was thanks to u guys!

  • Jack D.

    Thank you so much Tarea, I can’t wait either… The seller is like it’s fine I will extend the escrow but u need the release the deposit I am little bit worried and panicking :(:(:(

  • Anita

    Hi Everyone, Tarea and I paid during the same week and had transcripts available the same day so I do think there is somethng to be said about the transcript popping up available Fridays. Jordan, Leah, Jack,Daniel and Steve et al you all have my prayers, positive vibes and hopes for this week. Jordan, you will need to talk to someone at the IRS to confirm they credited the payment to your account and I recommend confirming your account is paid in FULL. this trigger the processing of the return and I agree that anyone resequened should see a return transcript this week but if you don’t get re sequenced don’t worry either as I think it happens to some and not to others – mine never re sequenced and I have my return tranascript available.
    Also, in many cases we all have seen that about a week before the return transcript is available, the account transcript is availalbe. Don’t despair if you talk to someoen at the IRS who says you won’t get processed until May or later etc…there is a section in the IRS manual that literally says that the returns with a balance due will process 1 week aftre payment in full is posted/credited to the account. It takes about anotehr week or so for the return transcript after that. I too agonized and obsessed as you can tell with the number of posts in the last month and cannot tell you how happy I am that I found this community. Take comfort in knowing you are on the right tranck and it WILL happen. Jack, don’t worry – I am certain you will be fine – did you get a 2 week or 1 week extension? in any event i think yours will be ready this week. And you too Jordan. I did call almost daily to the IRS to check the status and for every 10 people I spoke with maybe 1-2 was actually helpful so don’t despair. You all have my thoughts, prayers and positive energy. Please keep me in yours as we sign tomorrow and I am hoping that the signing and escrow closing goes smoothly with no other hurdles this week as we have already been through such a rollercoaster ride! Our escrow extended 2 weeks and we just made it! Take care and keep me posted:)

  • Tarea

    Don’t panic Jack! Worse case, it will be there by this Friday I’m sure of it. Stay positive and have faith. That’s all you can rely on which in this situation is so much easier said than done!

  • Tarea

    Good luck closing tomorrow Anita! I pray that everything goes smoothly tomorrow!

  • Jordan

    Ya! Goodluck Anita! Hope everything goes well at closing and thanks for all Ur help and everyone else too! I’ll post the next thing that happens for everyone else that’s not 100% believer yet!

  • Jordan

    Ya! Goodluck Anita! Hope everything goes well at closing and thanks for all Ur help and everyone else too! I’ll post the next thing that happens for everyone else that’s not 100% believer yet!

  • Jack D.

    Thank you so much guys. Without you guys I would’ve gone through depression by supporting each other we stand and remain strong. I rely everything on God. He will be our guidance! All of us are on the same boat. I wish we can spread this blog because I am sure so many people out there are panicking and going through same nightmares as we were.
    Take care guys talk to you tomorrow :)

  • Leah

    I just talked to my agent, and extended to March 30th.
    Hopefully I can get my return transcript by this Friday.
    Thank you everyone!

  • JAck D.

    That’s good to hear !! I checked the status this morning no transcript is available. I am hoping it will become available by this friday. I hope all of you guys get it by this week.

  • Jordan

    I Cnt talk to a live person at IRS it’s so friggin aggravating how these people operate I hit all different combinations of #s and still a message and then hangs up anyone know the best way to find out when exactly they posted my payment? Like what #s to hit when I call because I’m gonna seriously blow this place up soon! Lol jk but I mean REALLY!!!

  • Anita

    Good luck Leah! I think it’s very possible for you to see something this week along with Jack and a few others.

    Hi Jordan, call the 800.829.1040 number then hit option 2 for information on your personal taxes including payments. After this, you will go to another menu; from there press 1. Thereafter, another menu…press 4 and then yet another menu and you press 2. Finally you are on hold. I believe you may have to enter your social on the key pad before they transfer you to an agent but if not there may still be another brief menu; always go with an option that has somethign to do with your tax history or payment. It will work out.

    Good luck everyone:)

  • JAck D.

    I fell so much in love with my new house that my seller extended my escrow for an extra week with an amendment to release the 3% deposit and if my transcript doesn’t show by this friday he will start charging me $100 a day. I know it sucks but at least I won’t be losing the house. Now I can at least take a deep breath but still keeping my fingers crossed that we all receive our return transcripts this week. By the way I had just called IRS who made me happy for few seconds but as usually it was wrong information because he had no clue what he was talking about. When I called and told my story he checked my account he’s like your status shows re-sequencing so I am able to fax your return transcript. I was very happy but in order to confirm I repeated myself few times to check if the return transcript is truly there. He said yes it is but you have to be standing next to the fax machine in order for him to send it. I knew though he wasn’t giving the correct information therefore I asked if you can check with your supervisor to make sure it is there. He comes back and tells me sorry it is not available yet. GOD !!!!!! Jordan, call the 1800 then press 0# you will get an operator and ask him to be transferred to the transcript dept.
    I think now I know why mine didn’t show up last week even though Tarea and I paid the same day. Tarea submitted her Efile in mid january if I am not mistaken, I efiled it on feb the 11th. I think the way it works is a full payment triggers the process in the order which was received the efile.
    What do you guys think?

  • Jordan

    Lol Anita knows it by heart she should get a job at IRS! Thanks Anita and jack I’m gonna try again now !

  • Jordan

    Omg thanks Anita only 10 min wait this way too! Thank u thank u thank u

  • Anita

    no problem you are very welcome! I know from first hand experience the frustration, worry, anxiety etc. that comes with this – I called almost daily even if just to hear the same thing but as you can see from Jack’s post above, there are unfortunately so many that truly do not know what they aretalking about so trust from our experience and do not let them deflate you if they tell you something like you won’t have it until May or something like that:) As long as you have paid, I am sure it will come around sooner than later!

  • Jordan

    This is so crazy now there saying because I got in touch with advocate it stopped the processing so now what do I do someone please help I’m calling advocate now to tell them to close the case

  • Anita

    Jordan, a few of the folks on here had tax advocate cases and it did not have that effect. I was one of those people with a tax advocate case number etc. I am not sure nor do I recall if you file in person or by e file but I do know that those of us who had a TA were consistently told that the TA could not really do anything but monitor the progress. I got my case number on 02/28 and heard from my TA on 02/29. He told me all of that and then told me he would check my account weekly on Fridays and had scheduled himself to call me on 03/23/12 originally. When I called the hotline last week, another TA rep confirmed that he had last noted on my account on Friday 03/09 and then he called me on Friday 03/16 with the news of the transcript. He felt it was early as he had predicted this week and it came last. I was impressed that he had lived up to his work monitoring my case weekly and even calling me the moment it was available. So, with that being my experience, I don’t understand how what you were just told was accurate. I would call again and see what IRS agent #2 says…I would also let them know that you had been told that balance due taxes process one full cycle after payment credits in full; the important thing to see is if your payment is there. I would ask to speak to someone in the balance due unit as I was transferred there once. Hope this helps

  • Jordan

    Anita, ok so IRS just told me my payment posted 3/8 and it was on hold processing because of advocate that was suppose to call me wed, I have not spoke to one yet just in line too, but I got off phone with IRS and called advocate office and canceled the advocate case and the guy I spoke with told me he’d leave a message with my advocate to close case so my process would continue he also told me it is true if u dnt pay balance due it will process after all refunds but If u do pay in full it will be ready 1 or 2 weeks later ! So hopefully they close my advocate case tonight or Tom and my return transcripts r ready fri or next at latest because in 10 days I start paying 100$ a day perdiem charge by mortgage company !!!!

  • Jack D.

    Now I am worried because last Thursday I got in touch with TA and they haven’t called me yet :(:(:(

  • Jordan

    Jack u can call advocate office back and they’ll close Ur case as soon as possible thell leave a message for advocate or something but u def dnt have to wait til they contact u

  • Jack D.

    I can’t get hold of them.
    How can you get in contact with? I am calling the LA TA office there is a voicemail coming up.

  • Jack D.

    By the way I called IRS talked to a very rude lady who said can’t see your return just payment. ( she was a moron) so had to hang up the phone… I know it’s there if Anita can help me, I know you are also in Southern California how were you able to get hold of TA ?
    thank you

  • Jack D.

    sorry I meant can’t see my return

  • Jordan

    Jack I’m in Boston Ma were they have secretary that answer for the advocate and I spoke to them and they put it in notes and called advocates office and left message for me while I was on hold when Is your advocate suppose to b calling u because worse case u tell them then to close case and then u should b good to finish processing

  • Jack D.

    I am gonna call tomorrow IRS and TA office let’s see if I can get hold of him. Meanwhile Anita if you can help me how you were able to get in touch with your TA because I also in live in Southern California.
    Thank you so much

  • Susan

    Just a reminder to everyone waiting on their transcripts….. once they are available either go to your local IRS office and pick them up (most IRS offices offer this service but not all have a fax machine (can you believe that??) so check first while you are on the phone. OR, find a fax machine and get them to fax it to you there and then. You can then forward it on to your lenders.

    Otherwise, it will take an additional 7-10 days in the mail.

  • Anita

    Hi Jack sorry I hadn’t kept up! Anyway, I just called 1-877-777-4778. From there I got someone to sympathetically give me a case – the first 2 I spoke with said my situation didn’t equate a hardship but this lady was nice and within a day the TAS office assigned to me (Laguna California) called. It had no affect on my processing or transcript. When I called back, I had his office line which had a 949 area code but it always went to voice mail so I would just re call the 877 number, give whoever answered my case number and get an update that way. I think I was lucky that my guy went in and checked weekly but he didn’t actually do anything to help or impede progress.

    Susan, my lender won’t take them from me, they go through their third party where they send our 4506-T and receive them within 48 hours. I guess with all the fraud and stuff in the last few years they want to make sure it is not an altered form etc although when you look at the document, I cannot imagine who can manufacture those at home! Anyhow, I sent for mine but the lender forwarded the 4506 onto their third party and they should have them tomorrow. We signed today and by tomorrow afternoon we should know if the bank has any final conditions such as the most recent bank statement, another check stub etc. but I think we are good even though our lender is a big bank (Wells Fargo). Anyhow, good luck signing tomorrow and everyone please wish us luck for a smooth closing end of this week so we can get our keys!

  • Jack D.

    Same here Anita my lender won’t accept them from me. I will pray for you so you have a very smooth closing ! I wish we could’ve posted pictures of our new house once we were in :)

  • Heather

    Well I am beyond frustrated here. My LO told me that they’d accept the proof of payment and how it was mailed in lieu of the return. I sent it all in last week, only to hear today that while they’re filing for the loan docs, I will need the transcript before closing. And I only got that info when they requested another 4506-T form filled out, and I pressured them on whether it was a condition. So I called the IRS to double check it was in prcessing, and have filled out the other forms again to send back to them. Meanwhile I’m waiting to hear back on whether they’d accept a stamped amended return, or anything else, along with from my TA, who I just called. I am just crushed. Closing was supposed to be the 22nd. What really upsets me though, is that with some communication, this could have been avoided. I could have sent the return in earlier, and several other things. Of course all the IRS can tell me is 6-8 weeks is the processing time for a paper return. Ugh.

  • JAck D.

    Hello Heather, I am sorry that you had to go through this. I also have a problem with my seller because when I signed the offer their agent ( who is my dad’s friend) insisted 30 days for the escrow to close. When I pushed for 45 days he promised to extend it. Now he tells me the seller who is an investment company wants to make a new amendment and start charging me $100 per day escrow fee until the 31st of March and $150 after that. By the way I finally got in touch with my assigned TA who said there are few circumstances where they put your account on hold but that’s not the case in my situation. Let’s all pray Heather hoping we all get our transcripts this week !!
    Can’t wait anymore and don’t want to pay extra escrow fees I’d rather spend that money on replacing the windows of my new house :(:(

  • Anita

    Heather and Jack – I am sorry for the hurdles you have hit! I will continue to pray that it works out and you get what you need sooner than later and that you are able to communicate with folks at the IRS who know more that can help your individual situation. Let us know how it works out.

  • Susan

    Heather,

    Something you mentioned triggered something that Chad warned a while back. If the lenders say they are ok with a stamped amended return, they need to be 100% sure about it before you go ahead. Chad mentioned a case of someone he met at the IRS office who had done that but didn’t realize in doing so he was delaying the transcript as the returns had to be resubmitted!!!! By post!!!!!!! Don’t mean to scare you but we’ve all been in the situation where our lenders told us one thing, and then for another a few days later, not realizing the damage they were causing. If they say the amended returns will be ok and then ask for the transcripts, that could be trouble. I’ve had no experience of this myself but you could check the forum about 15 pages back to double check.

    I hope this is encouraging to all waiting but despite being 54 days late, I CLOSED TODAY!!!!!!!

    And just to sweeten the deal, I move in on Thursday which is my birthday.

    I think I’ll miss this blog :)) but I am letting my realtor and my lenders know all I’ve discovered in the hope that it helps someone else out.

    s.x

  • Anita

    congrats Susan yippee!!!! We signed yesterday, paperwork is with funding, hope to fund tomorrow and record and close Thursday!!! Fingers crossed, positive mojo and prayers for a seamless close too:)

    Heather, I’m with Susan and was told the same thing re the delay if you resubmit at the IRS office because they then have a duplicate return on you and need to cancel out the old and go with the amended and it starts the cycle all over again so ask your LO to ask the underwriter or lender for sure as you don’t want to get mixed info.

    Good luck!

  • Jack D.

    My TA suggested that but I refused I am sure our prayers will be answered this coming Friday !!! :):):)

  • Jordan

    My TA will not call me back and still hasn’t close d case so my processing has stopped Tom Is the day she is suppose to call me so I guess that’s good because I desperately need my transcripts as I too will b paying 100$ a day in 1 more week if I dnt close! Also if anyone at IRS had a brain they would have told me when I e filed 1/17 that I had to pay the balance and then I’d have transcripts in 2 weeks but insted I’m waiting like an idiot for 2 mnths and now it will b 3 months hopefully at that by the time I get transcripts WOW!!!! Geniuses

  • Heather

    Well, the loan documents are in the mail to us tomorrow AM, and we’re sending the last few forms in. I am not amending the return unless the underwriter themselves tell me that it will be 100% accepted. I contacted our real estate agent, who said they’re fine with extending a week, but wasn’t aware it might be longer. I said I’d hopefully know more tomorrow. As of this point the TAS hasn’t returned my call, but I’m hoping they will early tomorrow. We are just at the 2 week point for the return, but this was a mailed return. I’m hoping the TAS can let me know where we’re at, the IRS wasn’t helpful at all. And I’m hoping the 6-8 week for a paper return is really an overestimation. All we can do is take it a day at a time. I’m still confused as to why they’ve sent the loan docs to the title company, but we’ll sign and do whatever just to keep it moving forward. And to keep from crying!

  • Jack D.

    Tell me about it Jordan, I efiled on 2/9 and was accepted on the 2/11. the payment has been credited on my account 3/5. Heather don’t lose hope I know what you’re going through, my wife is panicking too ( It’s worst for her because she’s pregnant). I told her to relax we can only rely on god and keep praying. Everything will be ok for all of us and transcripts will be in soon. I just received the amended form to extend my escrow which states the fees that will apply starting this Friday but my seller did agree not to charge if my return transcript shows up this week.
    Keep praying !!!

  • Tarea

    After a computer crash and trying to get all my loan docs to my loan officer (no one warns you that buying a house is so stressful) I finally was able to read everybody’s updates. I’m still thinking about and praying for you Jack, Jordan, Leah and Heather! Just don’t drive yourself too crazy these next 3 days. The middle of the week is the hardest because there’s NOTHING you can do! more transcripts will come on Friday I’m sure! And congrats Susan and Anita! That’s so exciting! We’re hoping to have closing scheduled for early next week!

  • Anita

    Jordan, Heather, Leah and Jack – definitely still praying for you all. I know how frustrating and scary it is to get to this point when you have already come so far and then the disappointment of folks you relied upon to be experts didn’t tell you about this little technicality!!! The last thing I did last Thursday was basically panick to my realtor who sounded at best, concerned and quiet when I told her I wanted to let her know a week otu from closing that I still didn’t have them and that we may need to ask for one or two more weeks and she just couldn’t wrap her head around this although she knew we had done every last thing we could. When I spoke to my LO offering copies, receipts for payments etc. she just told me that she didn’t know of a lender that would close without them but, of course, reading here from panel one to 31, I know some will accept other things but it does seem far and few between. I was so paniced and a mess that this blog and my “friends” here are the only things helping me keep that glimmer of hope open including the hope that we could extend if needed in case what we needed didn’t come. All that being said, Jordan and Heather, you two seem to have unique circumstances: Jordan, in all the posts here you are the first that I have read had a TAS hold up the processing so I am hoping that he or she will call you tomorrow and have good news for you but I would still check in at the regular IRS number to see about the status of your payment and Heather, just be sure that the LO gets specifics from the underwriter / lender. I really think that things will start falling in to place for all of you. I agree that mid week is toughest as it seems nothing is happening:( Keep your head up though and keep getting through taking it one day at a time and try not to stress.
    Thanks Tarea! and good luck and prayers that signing and closing are smooth sailing for you!!! We find out tomorrow if the funding is done so we still have funding and recording left but I did not get any work from escrow or my LO that the finding department needed anything new or last minute so hopefully we are near the end! Positive thoughts are with you all and lots of prayers for you too 0:)

  • Anita

    Susan, I am with you, I will miss this blog too. If you all notice it seems to get very busy in here February through April and then it calms which of course correlates with the tax season. I also let me realtor, LO and anyone I have spoken to know about this as the information, support and resources I found here are nowhere else so again, I thank Keane for making this comfort zone for all of us:)

  • Jack D.

    Thank you so much Anita for your lovely post. I keep thinking over and over and you are right the most stressful part is waiting in the middle of the week but I won’t lose hope I believe this Friday we will have few surprises.
    Keep Praying !

  • Daniel

    Hello,everyone
    I think Anita was right that IRS won’t update until friday. I am pretty sure many of us will finally get our return transcript on this friday! Now, i do not even call IRS no more. It just makes me nervus more. Jack and Jordan, I am pretty sure we will get our return by this friday. I also have advocate case on my return but i do not belive that they have power to hold the processing. Maybe, speed up little bit faster but once you paid the balance,it should be process in 5 to 7 business day.

  • Jordan

    U know what u guys r right the advocate just told me they Cnt stop processing so I obviously spoke to another moron at the IRS! So I’m praying for transcripts fri, o she also confirmed if u pay balance due in full u dnt have to wait til after refunds!

  • Anita

    Great news Jordan! We will all hope for a Friday rain fall of return transcripts:)

  • Scott

    Hi guys,
    I am so glad I stumbled upon this site. You guys have provided some great insight. I am in a similar situaton as everyone else. Escrow was supposed to close on the 15th of this month. Clearly that didn’t happen because of this hold up. My guy is trying to get an exception with a lender and is confident he can do so.. but I am not so confident. I am going to pay my federal taxes tomorrow and am hopeful I can get the transcripts in two weeks. I had to extend escrow until next Friday.. and after that.. I think I am going to have to sweeten the pot for the seller and start paying him $100/day or whatever it takes to extend escrow out until we get this document.

    Thanks for all of the insight. I feel much better knowing that if I can hold the seller off for a couple of weeks, we can get this done.

  • Jack D.

    Welcome Scott. I wish we can spread this website because so many people are going through this nightmare.

  • Tarea

    Less than 48 hours til magical Friday! It happens early Friday morning too. I checked at 11pm central time Thursday – no transcript. At 6:45am Friday morning it was there. Like Anita, I pray for a cascade of available transcripts on Friday for you all! Can’t wait to hear the good news. Stay strong today – last Wednesday was the hardest day for me – I had a total meltdown in my car. It was actually quite impressive I must say! Keep believing and I’ll keep praying!

  • Jordan

    Does Anyone know exactly what it says when transcripts r available I always go to where’s my refund and type in social, single , and 1$ and it says has been received and is Being processed! What will it say when transcripts r ready??

  • Jack D.

    There is another way to order transcript. In the search bar type Order a Transcript fill out your info and there will see transcript is ready or not.

  • Jordan

    K thanks jack

  • Jack D.

    Hi Tarea,
    I was wondering how did you pay via EFTPS or Debit Card recommended on IRS site ?
    Thank you

  • Tarea

    I paid with a credit card through one of the approved sites off IRS website.

  • Jack D.

    Thank you so much Tarea. Less then 24 hours :):) Can’t wait anymore !!

  • Jordan

    If our transcripts aren’t available Tom I will b in panic mode all over again! Please please please!

  • JAck D.

    After our transcripts shows up tomorrow will make some points in regards to EFTPS VS Debit card !!!! There is a very big chance Jordan yours will also appear tomorrow.

  • JAck D.

    The reason I say because like you Tarea paid through one of the approved sites off IRS on 3/3 and her transcript showed up 2 weeks later. I paid on 2/3 via EFTPS but my payment wasn’t accepted until the 3/5 and did not appear last Friday. I am hoping and praying mine and everyone’s will show up tomorrow. Don’t lose hope tomorrow we might be celebrating at this time ! :)

  • Scott

    So, what seems to be the fastest way to go? I dropped a check off at the IRS office yesterday afternoon. I’m hopeful I can get it in two weeks (that might be asking a little much haha).

  • Jordan

    Anyone think transcripts will b ready tonight at midnight? That would b an amazing extra night of good sleep! Haven’t had a good night sleep in quite sometime!

  • Jordan

    No Scott cancel check that will take forever u need to pay by debit with the sites listed on IRS mine posted the day I paid ! Checks always take longer!!!

  • Daniel

    Let see what magic happen tomorrow morning!

  • Jack D.

    I don’t I will be able to sleep tonight. With the pressure I am getting from the seller all I am waiting for is this damn transcript to show up tonight or early morning!

  • Anita

    Ohonestly once you pay regardles of the method it does really take 5-7 business days to post to your account. It’s just that they give you credit as of the date you actually did make you payment either electronically or in person. Susan who made her payment in person got her the quickest ; 11 days!!!! EFTPS and online debit are pretty much the same way of paying in my opinion. I of course could be wrong but I think because the IRS wants to make sure checks clear, they cash them asap! I don’t know about the midnight thing but I know Tarea saw hers very early Friday morning last week – later tonight after my kids are asleep I will entertain you about my journey this week – not closed yet…

  • Jordan

    Omg! Anita, something else went wrong I’m assuming, Cnt wait to hear this!

  • Jordan

    Omg! Anita, something else went wrong I’m assuming, Cnt wait to hear this!

  • Tarea

    Intense prayers are going out to all of you hoping for the Friday magic!! Can’t wait to hear from your tomorrow. And Anita! What happened? I thought you already signed! No one warns you that buying a house would be so stressful!

  • Jordan

    Midnight and no transcripts and still says received and is being processed! Bla bla bla

  • Jack D.

    Still 9:36 pm pacific standard time so I still got time wow I can hear ny heartbeat!

  • Anita

    Don’t lost faith if it is midnight where you are; who knows where the IRS server or hub is??? I am praying for all of you! Well, it has been a roller coaster ride at best…we signed Monday but as some of you know that does not mean you are “closed.” Some of you might not know this if you are a first or fifth time home buyer! This is the 3rd time we have been through this and it is only now I realize signing does not equate closing so…Tuesday my LO sent me a happy e mail saying that her office had everything they needed from escrow and that it was going to funding for review…in other words the bank. She predicted funding Wednesday and recording Thursday which then equates a close. Anyhow on Wednesday morning when we were to fund, first escrow could not find our cashier’s check for the funds to close ; 2 hours later they found it. Then they realized there was one more form my hubby and I needed to sign…signed, scanned and sent back…then there was one form the buyer and seller agents needed to sign and no one could get a hold of either of them and this was the last document yesterday needed to fund…my LO called me at 2:15pm to deliver the bad news that they had missed their funding deadline and we would have to wait for today then immediately sent me a text message 10 minutes later saying her office had bad info and that we actually had funded whew! And, we would record and close today with keys expected by 5pm. Well one of the sellers is in Hawaii and LA County rejected her scanned elecctronic signature for the grant deed to be transferred sooooo she has to over nght the original and by the time it arrives tomorrow, it will be too late to record soooo, they expect to record Monday, close and get us the keys…breathe….it will be ok for ALL of us. This will happen if you have made it this far and you may need to talk to the agent proactively to strategize an extension but I really think there will be a bunch of you getting yours tomorrow:) Wish me luck for recording and closing!

  • Heather

    Wow Anita! What an adventure! I hope you close on Monday! We spent the day signing all our loan docs and getting the cashiers check tomorrow everything is being overnighted back. I am hopong for good news tomorrow but since ours was a paper return not counting on it. But hopefully it will all fall into place. If its not there in the morning I am leaving another message with the tax advocate. I know I am not planning on ever moving again! I didn’t realize either that signing didn’t equate funding until all of this. It’s a weird system! As for the site, mosr sites batch at 3 or 4 AM. No sense checking now.

  • Jack D.

    It’s 12:24 AM PST no updates yet waiting….

  • JAck D.

    it’s 1:13 am still no update :(

  • Daniel

    Oh yeah!!!!!! I got mine eastern time 4:43. Thank you thank you everyone!!!

  • JAck D.

    Congrats Daniel !!! I am still waiting 1:44 pacific time !

  • JAck D.

    It’s 3:32 am unfortunately mine still not available :(:(:(:(

  • Daniel

    Jack. You will see yours by 4. Hang in there!!!!

  • Jordan

    Omg as of this morning it no longer says transcripts not available it says they have accepted my request and I’ll have it in 5 to 10 days does this mean someone can fax to me now I’m almost flipping out happy not positive yet tho

  • Leah

    OMG! Friday is surely a magical Friday!
    My return transcript is ready now! I been screaming all over the apartment!!
    Thank you everyone for the prayers! I love you guys! lol
    Jack I am pretty sure you will get yours soon!
    I will keep on praying for you! Don’t worry!

  • Tarea

    Congrats Jordan and Leah! Now we know for certain to only expect transcripts on Fridays!!! Jordan, you have to call the IRS and have them fax you. You have to be in front of a fax machine. Also, they may try to tell you they can’t see your return transcript but tell them that u were able to order it online and that’s it’s available. Congrats again! And Jack, i’m still hoping and praying for good news soon from you!

  • Jordan

    Thank u all for all your advice! Tarea my mortgage company gets it them selves they go right on IRS and request it I just had to make sure it’s ready because it costs them $ every time!

  • JAck D.

    I am the unlucky one :(:(:(:( I paid my balance in full still no transcript for me :(:(:(

  • Heather

    I can’t believe it, but the site said mine is ready too!!! YAY! I even printed the page for verification ;). So just to add to our final numbers: Overnighted 3-8-12, ready 3-23-12. I just emailed my LO to tell her as of this AM it’s showing up and to ask if she wanted me to pick up the transcript from the IRS, or anything else. So now loan docs signed, and the funding info should be there. We’re getting closer! And I am DONE with the IRS (except I’m filing 2011 this weekend! Just in case!)

  • Tarea

    Jack, I just don’t understand that. I would call and see if maybe they can pull it up. I know you’re panicking but stay strong and have faith – so much easier said than done.

  • Daniel

    Jack! something going on IRS new system and they could not provide me a copy.. :( This is so weird. I will stop by local IRS on monday and check with them. Hang in there.. Yours should be coming soon!

  • Anita

    For all of you who got yours YAY!!!!!!!!!!!!!!!!!!!! Jack, call and ask the IRS hotline if they can send you to the balance due depatment so that you can go over the date your tax return was accepted and the date the payment was posted. If you don’t have them today; it will likely by next Friday. Susan and I only paid one day apart from eachother – she on a Monday and me on a Tuesday and I had to wait a whole extra week. Don’t lose faith. Also, if that doesn’t work call the main TAS 1-877 number and ask if your return is requencing still or what is the status. Ask if they can tell if there were any math errors etc. Sometimes that can be a delay. make sure that your account shows zero due now also. Let us know what they say and keep your chin up!!!

  • Jordan

    How come I can order my return transcript under order transcript but when I go through where’s my refund it still says taxes have been received and r being processed I’m confused is it def ready or not!?

  • Anita

    Tarea talked to a client who worked for the IRS who said it is possible for a transcript to be ready but the return still to pop up as “processing” so I wouldn’t worry about it – I suspect their system does not communicate very well at best. also, you should call the automated number where you enter your SSN and fax number to see if you can call it up that way – I wouldn’t worry about that disconnect though :)

  • Jordan

    Well every one who wasn’t a believer my mortgage company was def able to order a return transcript so believe it! Jack I guarentee I would bet my life u get Urs this coming fri! Everyone else thank u so much Anita Ur amazing! Thank u, thank u jack, Tarea, Daniel thank u all I kept the faith because of u people and should b closing wed! Thanks u and good luck to all of you!!!

  • Jack D.

    I hope so . Keeping my faith and prayers

  • Chuck

    Thank you all.
    just to summarize:
    e-filed on 1/28
    didn’t know that the balance must be paid in order to get processed, panicked for a month until found this blog.
    Paid with a check at local IRS office on 3/12
    account transcript was ready the same Friday (3/16)
    and returns transcript was available on 3/23.
    Miraculously the bank cleared the condition a week before the return transcript. Don’t ask me how.
    The system works.
    Good luck to Jack!
    Congratulations to all who received yesterday!

  • Scott

    I e-filed on 2/2, paid my balance in full at the IRS office on 3/21. Do you think it is possible that I will get my return transcript by 4/6? I am hopeful because that is when I extended my escrow to.

    My lenders are ready to fund this thing once I can get the transcript over to them. I’m going to cross my fingers that I can get it by the 6th (if not sooner).

  • Daniel

    Hey, Scott
    You should be receive ur account transcript by March 30. And you are very possible to get ur return transcript by April 6.
    My case was
    E file on Jan 24
    Send my due balace on March 8
    iRS cashed my payment on March 12
    IRS Posted my account transcript on March 16
    IRS posted my return transcript on March 23

  • Susan

    Hi Scott,

    Yes, I do. What we have found is the first Friday, after 10 working days from when you paid the full balance, is when the transcript should be available.

    Good luck!

    Susan

  • Anita

    Thanks Jordan and good luck to Scott and Jack for this Friday. As if it couldn’t get any crazier…we still have not closed. It’s almost a running joke now. But this is all a seller issue and notihing to do with us, the lender or our loan etc. but since the 3 sellers are 3 heirs to the house that belonged to their parents and of 3, only one resides in CA, when it went to the county to record on Friday, the county would not accepts notarized electronic signatures for the deed transfer so we need for the originals to come in from North Carolina and Hawaii which I believe the one who lives here in CA now has. He is going to the county office today with the title guy to see if they can get it recorded so we can close and have keys. We had no intention of moving until the first or second weekend of May so it’s fine…we’ll know by 1 or 2 today. Thanks:)

  • Anita

    all, I just got word we are recorded and have closed!!! Will have keys tonight:) I am so grateful to this blog to keep me sane and to also have had the opportunity to learn from so many. I am going to be checking back later this week on Scott and Jack though!!! Come on Friday:)

  • Hi everyone,

    This blog gives us hope! Our lender is not budging on the need for our return transcripts. We filed in early Feb, but didn’t know we needed to pay to get anything processed… We didn’t even know anything needed processing or what a return transcript was until now! After reading all these great posts, we paid in full this morning (3/26) .. We are set to close in the 3rd week of April and fingers are crossed! According to all these posts, I feel like we should be ok, but everyone at the IRS office, even TAC people on the phone say that it’s unlikely… I’m not even sure our lender understands that it’s a different ball game for people who actually owe on their taxes..

    Wish us luck and we’ll keep you posted!

    Danny

  • alicia

    Thanks God I found this site. About two hours ago I was so desperate because of the same issue everyone from here had gone through. I am in the process of buying a house, already paid my deposit, appraisal, inspections…etc. I procrastinated and did not filed my 2010 on time, even though they were done back on October 15, 2011, through turbo tax, however when I wanted to e-file them, only the state was accepted and not the federal. So I just left them aside until I filed them on paper on Feb. 13, 2012. Then, my loan officer told me to go in person to the IRS and have them stamped thinking they would be accepted with the stamp. It happened on Feb. 23, 2012, So it meant I did filed my tax return twice. Around March 8, I started to go in person to the IRS to check if they were processed and if my transcripts would be available. I need to mention that I do prepare my income taxes personally and I always submitted on line. So this time, when I heard my loan officer mentioning the transcripts and the transcripts I didn’t know exactly what they were about. I filed my 1040 form along with my w-2 form and that was it. However, for some ignorant reason I didn’t file my schedules, like schedule A or C where I itemized my deductions.

  • alicia

    It wasn’t until today when I realized that they were part of the transcripts. Actually they are the transcripts. I have cried and cried because by now I should have closed escrow, actually I already have a week of extension. I have worked so hard to find this house and to put all the paperwork to buy it. And now when I started packing I found out that by one horrible mistake I’m at risk. The listing agent is already very upset with the loan officer, yelling at him, and now at this point, I am asking for God’s favor to see what can I do. I just printed all the forms and will go to the IRS tomorrow morning to see what I can do. Nor the loan officer, nor the IRS catched my mistake when I showed them the 1040 with the stamps but with no attachments. Please pray for me, God is good and only He can help me on this. I pray that He can send me the right people to help me get the transcripts ASAP. Does anyone have any suggestions of what I can do?

  • alicia

    Please, please I need some suggesions.

  • Anita

    Alicia, look back at previous entries. I believe 2012 folks go back to page 10 or something like that. Unfortunatley like the rest of us have been you are at the mercy of the IRS and the waiting game. You didn’t mention if you owe money or if you are expecting a refund. also, because you filed your taxes 2 times, it could cause a mix up at the IRS so you should call an agent and ask them to enter a note on your file. Keep your prayers going as we are now also entering hte bussiest time of the year for the IRS. If the IRS owes you money, you will likely see faster movement on your processing. good luck!

  • Daniel

    Alicia.
    Your loan agent is waiting tax return transcript. There are 2 type of transcript one is account transcript, other is return transcript.
    If you are not owe any money to IRS or expect to receive your return, your account transcript suppose to show in week or two from the date you file your return. And you should be getting your return transcript following week. whole process take about 2 to 5 weeks.
    If you have any balance due to IRS, you will need to pay ASAP. They will not process your case until April or May. You must pay balance due to IRS so your account will release from holding. This will take about 10 to 15 days.
    Please contact with IRS and find out your status.
    Wish you the best!

  • Daniel

    One more thing, are you a business owner? schedule a and c is require for business owner. I might wrong but if you are working for somebody and getting your w-2. You do not need schedule a or c. I might be wrong but you need to check with accountant on that.

  • alicia

    Hi, thank you, thank you for your responses. Today, first thing in the morning I called the Local Tas and explained my case to them, however, I did not meet their criteria so they were not able to do anything for me. Than, I went to the IRS with my forms and explained everything to the person at the front desk. He said there was not anything I could do but wait for the IRS to tell me that I needed more forms and the whole thing was going to take awhile. I told hime it was already been the six weeks since I filed the first time but he said I have to wait 8 weeks. I told him I wanted to get a number and speak with one of the persons inside and he told me the answer would be the same. But anyway he gave me the number and after three long hours waiting I was called. I explained to the lady my situation and she said that because I had file twice, automatically the file were going to get frozen while they find out why there were two files. Anyway, she told me to give her the rest of the forms and she was going to send them with a note of tracing to the the original so they can be together. Again, she told me that the waiting time was 8 weeks and after that I should received something from them, hopefully everything if the schedules I submitted today would be able to join the originals everything could be processed at the same time. By the way, the IRS owes me about $1800 so I’m also expecting my refund. But at this point all I want from them are my transcripts. I called my agent and she said to wire all the closing costs and everything so the listed agent could see that I really want the purchase.

  • alicia

    Hi Daniel, I’m not a business owner but I use the schedule A to itemize my deductions so that is the reason why I needed to file it along with the 1040. It is very frustrating that it is already the six weeks and the IRS can not tell me anything about my file. All they keep on telling me is “you need to wait for the 8 weeks before you see it processed.”

  • Tarea

    We closed and funded today and got our keys!!! So excited and cannot thank all of you enough for your prayers and support. We would have lost our house without this blog! My prayers are still with everyone, especially Jack that your transcripts become available this Friday. Will check in then!

  • Daniel

    Tarea,
    I am so happy to hear that you got ur key today. Without you , anita, and many others i probably still havnt figure out my return transcript. I am closing my home coming monday! Thank you everyone!

  • Anita

    Hi Everyone,

    I got my keys Monday! I am on auto pilot a bit and overwhelmed with thoughts of cosmetic fixes and moving and I hope you will all be there soon too. Any transcripts today??? Good luck Daniel:)

  • Daniel

    Anita,
    Its nice to hear that you got ur KEY!!! Yay! I hope I can have closing on monday so i can move next week!

  • Keely

    I am so grateful that I found this website! After much praying and worrying, I found this site and realized I had to pay my taxes owed for the irs to process my return and then I would be able to get my transcripts. I found this site on Thursday of last week. I actually e-filed my return on 2/1 and was waiting around for my broker to be able to get my transcripts. This of course didn’t happen and then I really started to panic because we are supposed to close on our house 4/10! After reading all of your stories and realizing that we are all in the same boat, I prayed and took a leap of faith and went ahead and paid my taxes due on Monday (3/26)via debit card on an irs approved web-site. I am so happy to say that I was able to get my accounting transcript today (3/30)!! From what I learned from you wonderful people is that after you can get your accounting transcript, the tax transcript will be available in another week. I am praying so hard that this is true and if we do get them by next Friday, we can still close on our original date of 4/10. This blog has been such a blessing!!! I can’t tell you how much comfort I have gotten from reading about people in my exact situation, thank you all so much!! I hope others received their transcripts today!! I will post again when I am able to get my tax transcripts so we can keep up with how long it takes and what day they are received. God Bless!!

  • Scott

    I just received my account transcript today.. so it looks like next Friday will be the return transcript! My broker may have found a way to get my loan approved with a local credit union WITHOUT the return transcript. If we can get this thing funded at the same rate without it, fantastic.. if not.. oh well.. looks like I will have to wait until next Friday and close 3 weeks late :) haha

  • Daniel

    Congrat! Scott!
    Next friday will be your magic friday! Yay!

  • Heather

    Just wanted to update everyone here, we did indeed close on the 28th! Allow 2 weeks for processing, don’t panic, and don’t lose faith that it’ll work out. We did extend but only for a few days really, and that was waiting on paperwork, not on the actual funding (we had to overnight things back and forth).

  • Jack D.

    Hey guys!!!!
    Updates coming soon…

  • alicia

    on March 28, I went directly to the IRS and explained my situation, one of the ladies told me she was going to submit those forms on my behalf and told me she was going to put a note so the forms could hopefully be traced to the 1040 original form. On April 1, I received a letter from the IRS telling me about the missing forms. I am faxing these forms today and hopefully IRS can help me with this issue to do it faster. The buying of a property that is in escrow is depending on my 2010 income tax transcripts I am on the risk to lose the money of the deposit which is over $3000 along with all the inspections costs for the house that with so much sacrifice I’m buying. I blame myself for not sending the forms on time and am asking the IRS in a separate written note from the bottom of my heart if they can help me to do the transcript processing sooner. It’s been seven weeks already since I file the 1040 and the lender is waiting for transcripts. He asked for an extension but it is already getting very close to the extension due date.

  • Mama V

    Hello,

    We are due to close on April 26th and are going to file an extension for our 2011 taxes by the April 15th deadline. Our 2009/2010 taxes have already been filed. Will this be a problem for our lender if we file an extension and do not know how much we are going to pay yet? Thanks in advance.

  • Anita

    Martha – you need to find out if your lender is going to reuqire 2011 tax transcripts as a condition or requirement to close. The 2011s will likely be required if you are using 2011 income to qualify.

  • alicia

    Waiting for transcripts. I’m praying to God that I really can get this house. By faith I started to pack, please keep me in your prayers. Thanks a lot.

  • alicia

    Looking the possibility to go to another lender. Tomorrow I will have everything ready for this other person. I can not rely in the time length that the IRS may take.

  • Scott

    Just as an update, my mortgage broker was able to get me approved WITHOUT the 4506-T by going through Kinecta Credit Union (only based in California though). They need a TON of tax documents from me though including an e-file confirmation from my CPA, tax returns, proof of tax payment, etc. I just signed the loan docs yesterday. It should fund tomorrow thank god.

    Credit Unions might be the way to go because they don’t sell their loans to Freddie or Fannie (I don’t believe they do anyways) so they don’t have to have the tax transcript in place that Fannie and Freddie require.

    I hope this helps. Good luck to everyone. I’m keeping my fingers crossed for everyone!

  • alicia

    Thank you for the information Scott, I’ll keep that in mind since I live in California in case this other person I’ll see today won’t approve me. From our phone conversation, he said that as long as it has the IRS stamps it will be fine with them instead of the transcripts. The only bad thing is that I’m spending a long time putting everything together for this new lender. My goodness this purchase is been a nightmare.

  • Karen

    I’m in the same boat, just made an offer on a house and now need to start the loan process. BUT, it’s sooo close to the 15th and haven’t filed yet. LO said it would be ok to provide return that is stamped received by the IRS. I’m going to take it tomorrow, but I’m expecting the office to be crazy busy. Alicia, did you have to wait forever before you saw someone?

  • Jack D.

    Hey Guys,
    how are you?
    It’s been a while since my last post as a matter of fact I don’t know where to start or end….. It was such a long stressful journey which I can’t even describe. I am probably the only case in this forum who has paid 4 weeks ago via EFTPS.gov and still have no transcript. This shouldn’t be a discouragement because majority of the bloggers received their transcripts within 10 days after their payment was posted on their returns. Couple weeks ago when I informed the sellers that my transcript was still not available yet, they offered to extend my loan for an additional 2 weeks( April the 6th) by amending the amendment and releasing my deposit plus charging me $150 escrow fee per day. At that moment I knew I was in trouble, not only I would lose the house which my wife and I fell in love with but losing my thousands of dollars deposit was little too much to handle. I felt the sellers weren’t honest and I knew there was something worst heading my way. I sensed it and their agent made it very clear that there was no other extension once the current one was over and they were looking forward to either relist the house or ask for an additional large amount of money because they looked at comparable in the area and concluded the house was undersold . By the way my dad had recommended me to go to the private mortgage broker which I was working with because he is very well known in our community and he has done so many loans but having return transcript was one of his requirement prior approving my loan. To make my story short my father in law who is a Realtor suggested to go to his lender whom he has known and worked with for over 20 years but I unfortunately didn’t listen to him from the beginning. On March 23rd being depressed, sad,stress and hopeless I was looking for any hope to be able to come out of this chaos. So my father in law and I headed to his suggested lender’s office who looked at my papers, documents, letters and started wondering how come my mortgage broker whom I was working with wasn’t able to approve my loan since I had my account transcript ready and could prove my tax payment was made.
    oh godddd I love you soooo muchh !!!!!!ALL your and my prayers were heard because he did approve my loan without a return transcript. He accomplished so much within a week which I wasn’t expecting and still am in major shock ! Within one week we finished up the loan application , ordered appraisal , passing it on to the underwriter, getting approval in addition to drawing up the loan documents which we signed them on Wednesday. It was funded and recorded yesterday in person. I finished it up just one day prior its deadline. the escrow rep told me that the sellers could’ve even taken an action today by cancelling the escrow since the amendment doesn’t specify the timing on the 6th of April. She was pushing to record it same day of funding and WE DID IT !!!!!!!!!! My wife is doing fine now :):) Since I had mentioned you guys she was pregnant !!!
    I truly thank lord for opening a new door of hope and relief even though the damn transcript didn’t show up. I truly thank each and everyone of you for being so carrying and supportive to each other. Even though the pas few weeks I wasn’t replying in the forum I stlil was thinking about you guys but wasn’t sure where I was heading to…
    Once again Thank you so much guys specially Anita and Tarea.
    Good luck for the rest of you! hoping everyone gets theirs asap.
    You guys are one of a kind I will keep in touch !
    Jack D.

  • Scott

    That is fantastic Jack. I’m so glad to hear that things worked out for you. As a follow-up, my transcripts became available today (even though I didn’t end up needing them). Just like everyone else, they came at the same time.

  • Keely

    WOW Jack!!! What an awesome story!! It is truly a testimony of The Lord Jesus working his miracles!!! I am so excited for you and congratulations on the pregnancy!

  • Keely

    For anyone who is keeping track on the time it takes to receive Return Transcripts after you pay your balance. This is how it was for me:
    e-filed 2/1/2012
    payed full balanced owed 3/26/2012
    could get Account Transcript 3/30/2012
    could get Return Transcript 4/6/2012
    Again, this site is such a blessing! I know it will help many more!

  • Anita

    Jack!!!!!!!!!!!!!!!!!!!! Yipppeeeee:D I am so happy to hear you have come to the end and are recorded! We are now in fixing mode and remodeling mode and hope to move to our new home mid May latest:) I met some of the nicest people on this blog who prayed for me without knowing me and who I prayed for in return. Tarea, Susan, Jack,Scott etc. I would not have maintained my sanity and would have had more melt downs had it not been for all of you who stuck by as we waited! Keely – you and Susan had the record turn around! Wonderful to “meet” you all – Alicia – I pray you will have what you need soon. Take care everyone and I am glad that through our mutual experiences, we were able to learna nd help one another. It is what community is all about and I am hoping we all find that in our new neighborhoods. Jack God Bless the new baby and I am wishing you and your wife the best of luck – she can enjoy her pregnancy and you’d better spoil her. My husband is amzing, we have 4 kids (aged 1 – 16) and family is wonderful. Enjoy your weekend!

  • alicia

    Hi Caren, the time I went to the IRS I spent many hours there because I needed to speak to one of them in regard of my situation. But the time I went to summit my file to be stamped, the line was moving very fast. Maybe in a matter of 45 min.

  • Tarea

    Jack, I am so happy for you! What a crazy happy ending to your story! God truly does work things out even when all hope seems lost. I’m so excited you got your house. I was so worried not hearing from you. Your wife is in my prayers for a smooth pregnancy and congrats!! I’m so glad I found all you guys – what a blessing. God is the ultimate connector!

  • Jack D.

    Thank you so much guys !!!!!!!!!!!!!!!! :):):) I appreciate your lovely and sweet messages. May god bless you and your family. Good luck to everyone !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1!!!!!!!

  • Sheena

    Hey there. I files my taxes on feb 24. Hired my local tax advocate, paid my taxes on march 30. And I got my 2011 transcripts today! The best advice I can give is do not listen to the IRS. The people there have no idea how this works. They all tell you negative wrong answers. I told my tax advocate I needed to close on the 6th she requested my transcripts to be done one the 5th they were ready on the 6th. I will settle next week. Once again it was another magic Friday! There is something about Friday and getting transcripts!

  • Nick

    My wife and I are in the same boat as everyone. I’m glad I found this forum and it has been very helpful. What is the best way to find out when my transcripts will be available?

  • Sheena

    Hey Nick, there is really know way to know for sure. A tax advocate will help move the process along. Also making sure you don’t owe the IRS any money helps also. I talked to 6 different people at the IRS and they all gave me different answers. One person said it wouldn’t be ready till July or August!! It took me 6 days after I paid my balance due with my tax advocates help. Even then the advocate requested the Transcripts be available on the 5th and they weren’t ready till the 6th. All I know is the IRS is COMPLETELY unreliable. Don’t let them discourage you! Good Luck!

  • Nick

    Thank you Sheena. I overnighted the money that I owed on April 2 and it cleared my bank account on the 5th. The closest tax advocate service to me is about 3 hours away. Can I call and get help from them. Our close date isn’t till May 1 so hopefully we can get them by then.

  • Sheena

    hey Nick I called mine. The IRS website has there number. I had to send a copy of my 2011 taxes and my lender had to fax her a letter too. We did it all over the phone. I think you should be OK though. Also it takes the advocate 3-7 days to contact you so I would call them tomorrow.

  • Karen

    Alicia, thanks so much for the response. I hope things are turning out well for you.

  • Rick

    Filed our 2011 taxes via e- filing and sent check on March 6. We were supposed to close last week and underwriter asked for transcript day before. Called IRS and they have check and 1040 but will not be filed until first week of may. Went to local TAS office and said there was nothing to do unless we could file with her and she would stamp it but we would pay taxes twice. Can we stop payment on check IRS has on hand since it hasn’t been cashed yet and file at TAS to get the stamp or would they go after us for two payment’s?

  • alicia

    Hi beautiful group, I am very disappointed on how things have turned for me. So far I haven’t received my transcripts, so went to another lender who would accept the stamps, but requested my 2011 income tax to be filed. Currently, he is working on the loan but listed agent is furious and has been furious for the last two weeks. My realtor has tried in every possible way to explain him that transcripts will come and its a matter of time but he feels I’m not doing anything possible to get them on time. He made me signed the inspection (contingency)??? so now he put my house back in the market, not caring about all the money I have spent. The second lender is still working in my loan but it will be a matter of 10 more days. The listed agent is asking for cash on the property with 15 days for closing. My realtor told me to make an offer to another house so I won’t end up with empty hands, but will lose all the money I had been given. Please continue praying for me, Love …Alicia

  • Rick,

    You would have to ask the TAS office if the original filing would have some sort of penalty for not being able to cash the check. If the other payment cleared, I can’t see how they would charge you but unfortunately, this isn’t my decision to make.

    Alicia,

    I’ll pray for you tonight that things work out. Good luck!

  • Rick

    Ladies & gents! There is hope. I called IRS today and spoke to a very nice lady who faxed me the 2011 Transcript and she did not even have the check that we sent to the IRS last month. It was an e-filing and she had it in her system and printed it out and faxed it to me. We would have lost our new house as well probably and hope this is it and we can close in the next couple of days. Call IRS and explain them your dire situation and you might actually reach someone who cares!!Thanks Keane for a great website or I would not have known anything!

  • Meghan

    Hello, Thank you for this site!!! I am going through almost the identical situation as Heather, I have sent in my 2010 late via-snail mail on March 5th, I am a self-employee and my husband is in the military, since the paperwork from my end would of been impossible to get it done for 2011 when we started the process of buying our 1st home during the 1st week of March we are only using my husbands income to qualify for our loan. My husband went on the request transcripts on the IRS site and was able to order the account transcripts but not the return ones this week. Does that mean that they have them/processing them or does it mean that they only have the info of his w2 sent him, another thing is that the IRS owe us money for our 2010 taxes I had a baby in 2010 and hardly worked because I wanted to stay home the first year of our sons life. Our closing is on the 30th of April, I knew that for self employees they needed the transcripts for 2011 and 10 but it wasn’t till we went to our loan office to sign the GFE and other paperwork that they were going to get our 2009 and 2010 transcripts for my husbands w2s…. I can’t sleep because we have found the perfect house and we put our 30 day notice in to move off base :-( payed the earnest fee…On top of packing I am going to get our taxes in by this Friday for 2011, I will never delay them again…
    Thank you,
    Stressed out military wife, Buying a home is almost as stressful when my husband is deployed and I am just waiting for his next phone call to say that he is doing good.

  • Christina

    Reading all of these different stories is encouraging. We hope to be lucky too! So, a little on our story. Self employed, e-filed Jan 15th, paid IRS in full on 4/3 in person with cashiers check. We have stamped documentation it has been paid via IRS and confirmation email of our e-file. Now waiting on transcripts. Our lender won’t do anything without them regardless of our other documentation. Husband is in the process of contacting an advocate. Anyone self employed and able to obtain their transcripts before July/August? That is what we were told, most likely not until July/August. Closing date on the house is April 26th. Had we known this process would take this long we would have paid the taxes earlier. Now we are in crunch time! Truly stressed out!!

  • Keely

    Hi Christina,
    We are also self employeed and received our Return transcript in time for our closing. I think since you paid in full on the 3rd,you will be able to get your Account transcript this Friday (13th) and then you Return Transcript on Friday the 20th, so you should still be be able to close in time! Look at my story. I paid on a Monday and had account transcript that Friday and then had return transcript the following Friday. We just closed yesterday…on time! Have Faith and Pray…I am sure it will happen for you!!

  • Christina

    Keely, Congrats! I’m so happy for you! Thank goodness you can put this all behind you now! Thank you for your reply. My husband just spoke to an advocate, she says there is nothing she can do. She sees our file, sees we paid but it just hasn’t been processed. She has no time frame in which it will be. Basically, no answers. Her advice was to talk to our lender to see once more if they will accept anything else. She can write something up for us basically just saying it was received, accepted just not processed yet. Trying to hold out hope since it’s barely been a week. I hate to say it, Hubby and I are already feeling defeated. Our lives and businesses depend on this move. I’m continuing to pray and trying to stay positive!

  • Keely

    Christina, I know EXACTLY how you feel!!! If I didn’t find this blog, I would have lost all hope! You do know how to check if your transcritps are available, right? Just go on the IRS web-site and go to request a transcript. Fill in the info and select account transcript and then the year you are requesting it for. When the account transcript is available, I believe it will be on Friday, you are almost assured that your Return transcript will be available the following Friday. Really, DON’T loose hope!!! I shocked my loan officer and my realtor by providing them with the transcripts last Friday…They thought I knew someone at the IRS to speed things along! They HAD to have the Return transcript or no funding… Just hold out until Friday and you will see some progress! Pray, Pray, Pray!!!

  • Christina

    Thanks Keely! I talked to my husband and we are holding out hope. This blog has been awesome! We thought we were all alone, especially being self employed. I’ll check on Friday to see if the account transcript is available because I didn’t know how to. Thanks so much for giving us hope! You’ve been so kind and helpful! Pray for us! This anxiety is killing us!

  • Christine

    So glad I found this website! I’ve read through all 42 pages of comments and it gives me an idea of a time line. We’re basically in the same situation as Christina and her husband. We’re self-employed and just recently found out we need the 2011 tax transcripts to close on a house (our closing date is the 30th, but we’ll probably need to ask for a few more weeks). We filled taxes mid February and figured out (no thanks to any help of our lender or anyone at the IRS) from googling that we needed to pay the balance due in full to help speed up the process. We mailed a check on the 6th of April but it hasn’t been cashed yet. I’m starting to think we should have just went to pay the taxes at the IRS office in town but the IRS rep we spoke to on the phone said it didn’t matter, they would just mail it out anyway to some place we would. We also contacted a tax advocate and they were no help whats so ever. Instead of calling like they said they would they sent us a letter instead. The letter basically said they couldn’t help us and we shouldn’t expect them before May 20th the earliest and most likely will get them at the end of July. Hopefully our payment gets processed soon and then the account transcript becomes available followed by the return transcript.

  • Nick

    I overnighted my payment on April 1 and it cleared my bank account on April 5. From everyone’s experience who has received their transcripts, when should I expect mine to be available? We are supposed to close on our house on May 1.

  • Chad

    Nick, from my experience u should be ok, 15days for me after payment cleared, check my earlier posts

  • Nick

    Thanks for the info Chad. It amazes me how the government wants to boost home sales but yet the government is holding us all up on buying a house. Haha. This is our first house and this whole process is very stressful. We have already given our notice at our apartment and have to be out of here because they have already got someone else to lease it.

  • Rick

    I posted yesterday that I got the transcripts send to me via fax and thought the stress was over until lender informed us today that they could not accept it since it didn’t show as filed yet at IRS and has to be from a 3rd party. Called IRS and as I am the phone with them the check I sent them a month ago cleared my account. Got my contract extended for 3 weeks today and hopefully I will have return transcript before then!?

  • Christina

    Christine, I read all the comments as well before posting. I was up late last night being so stressed and still am. Good luck to you getting your transcripts! I’ll report back with any new info on Friday.

  • Ryan

    Hello everyone. Like many others before us, my wife and I are in a similar situation. By chance, I somehow came across this blog and was relieved to hear that there might be hope that we’ll actually be able to close. As it is, we have already extended our closing date twice (the most recent deadline is April 23rd).

    We initially e-filed our 2011 taxes on March 6th and were told that we would have to wait until the IRS got around to processing our (balance due) tax return. Then, after finding this blog, I went ahead and paid my tax balance on April 6th. Tomorrow will be 7 days later and I am really hoping to at least be able to access the account transcripts. I can’t help but check the IRS site incessantly (which is drivng me crazy!) But so far, nothing has been made available. :(

    With the tax deadline just around the corner, I can only imagine the backlog of tax returns needing to be processed. I just hope that we can all get our transcripts in time!

  • Eleanor

    Congrats to everyone who made their closing date successfully or was able to extend their closing date without excessive financial penalty! I have read everyone’s comments, but there’s one thing I don’t think I saw mentioned. I have always been able to get a 2011 account transcript since I made estimated payments. Now it’s difficult to gauge when I should receive the return transcript. I e-filed 2/22, paid the balance due on 3/31 which cleared my account on 4/4. I requested a 2nd account transcript last week, but I have not received it yet so I don’t know if the payment made on 4/4 will be on it. I was supposed to close on 4/15, but I don’t think I will make that. I will find out tomorrow if I can get my return transcript or if I have to wait until next Friday if I compare my situation to other posters. I am disappointed to lose my rebate, but I’m hoping that it will be larger when I lock in a new rate! Oh, I’m also a small business owner if that makes any difference! I am sorry to hear I am not alone in this situation. The IRS is sure getting in the way of increasing home sales!

  • Jack D.

    Hello Eleanor,
    based on our experience you will most probably receive your return transcript tomorrow. Even though I was the only unlucky one who hasn’t received the return transcript for over a month but thank god I changed a lender who approved my return based on my tax payment. In few hours so many people will be glad to see their transcript being available online.
    good luck.

  • Abby

    I found this site about a week ago in my quest for answers regarding obtaining a return transcipt for our new mortagage. This site has been extremely helpful and posts have been accurate about timelines and very different from answers received from IRS. We owed for our 2011 taxes and were told it wouldn’t matter if we paid our what we owed or now regarding readiness of transcripts and that they most likley wouldn’t be processed until early May at least. We e-filed on Feb. 8, paid balance early April, with the check clearing our bank account on April 2. Our return transcripts were ready today!!! We were supposed to close on 3/27 and got pushed back with our sellers being patient with waiting for this transcript. Now we just need our lender to get the transcript and will be good to go (I hope). Thank you everyone for your information…it was an amazing help in this incredibly frustrating situation! Good luck to everyone waiting!

  • Eleanor

    Has anyone tried to request a mailed tax transcript AND and a faxed transcript? Yesterday I tried to request a new account transcript and was denied since I ordered one over a week ago. I’m afraid to go thru the automated IRS service, get to the 2011 transcript request, and then inadvertently chose to have it mailed instead of faxed. Does anyone know how to avoid this? Thanks for any help!

  • Keely

    Congrats Abby!! Eleanor, Make sure you speak to a live person. They can fax it to you right on the spot as long as you are in front of a fax machine. Make sure they do it right then. I requested a faxed transcript at 7:30 in the morning and didn’t receive the fax until 5:30 that evening. I ended up going to my local IRS office to have them give it to me before my loan officer office closed.

  • Eleanor

    Thanks Keely! Is there any way to verify it’s ready without speaking to a live person? I see patients throughout the day, and I hate to say this since this is sooo important, but I hate to get tied up on the phone only to find out that it’s not ready! I want it all! ;-)

  • Eleanor

    Also, why does everyone say to “be in front of the fax machine”? Is that only if you are using a public fax? Or, does the IRS person ask some specific question about the fax machine? I know this sounds like a silly question, but it seems everyone has stated, without fail, to “be in front of the fax machine”. I wouldn’t be surprised if the IRS person wanted you to perform some strange dance, incantation, and bow! ;-) Sorry for the duplicate posting if it happens!

  • Keely

    Hi Eleanor, If you can order the transcript online,the transcript is available,and the person you speak with at the irs can fax it to you. When you speak to someone, they will ask if you are in front of a fax machine before they will fax any transcript. Since the transcript has all of your private info on it (ss#, money earned, etc)they want to make sure you will be receiving it and not someone randomly walking by the fax machine. I have a private fax and they still wanted to make sure I was going to get it firsthand! I hope this helps! Anyone else get their transcripts today?!? Christina, were you able to get your account transcript??

  • Christina

    Account Transcript still not available. Says we ordered it in the last two weeks and it’ll take 5-10 business days. Still waiting :0/

  • Christina

    Abby, congrats! Are you self-employed or W-2?

  • Keely

    Christina, If you are able to order the transcript online, it is available to have it faxed to you directly from the IRS! You don’t have to wait 5-10 business days to receive it. You can also go directly to your local IRS office and have them give you a copy. Now, you want to try and order your Return transcript. Since your account transcript is able to be ordered, your return transcript should be available next Friday. When you can order it online, call the IRS to have them fax it to you that day and don’t wait for it to come in the mail. I hope this makes sense to you!

  • Eleanor

    It’s ready!! But I think I blew it! I tried to go thru the online request and thought I would be able to give a fax number at the end. NOPE! It’s now going to be mailed. I’m on the phone right now hoping to convince someone to fax it to me!

  • Christina

    Congrats Eleanor!! I’m jealous!! Keely, it does makes sense! I’m sending my Husband down to the IRS office to see if we can get a a copy of the account transcript. When I go to request the return transcript, this is what it says:

    A transcript is not available for the year you have requested. Please complete Form 4506-T or contact us at 800-829-1040

    Is this normal?

  • Keely

    Yeah Eleanor!! Christina, yes, that is exactly what you should expect it to say. Hopefully, next Friday, it will say you ordered it and it will be mailed to you in 5-10 days. That is when you are able to get it from your local IRS office, or call the IRS directly and have them fax it to you then and there. One more week to wait! You will get it next Friday!!

  • Eleanor

    I am so thankful I found this website. Because of all the helpful posters here, I have now received my faxed 2011 tax transcript and passed them on to my mortgage broker. He thinks we should be able to get loan docs by Monday which still allows me to use the locked in interest rate with the rebate! Thank you so much! PS: I also had the luck of talking w/a helpful IRS agent who faxed my transcript to me in one hour!

  • Christina

    Ok, update! Keely, like you suggested, Husband went down to the IRS office today and was able to get a copy of the accounting transcripts in his hot little hands! So, excited about that! Then, of course, we hit another snag! Lender is saying that the transcripts have to be sent electronically to them from the IRS. We can not have it faxed to us and take it over to them. Anyone else deal with this yet? Our lender is Cobalt. I don’t get it! It seems like everyone is able to get it faxed to them and then given to the lender without a problem. So I’m thinking if it comes Friday, talk to an advocate and see what they can do? Ugghhh!! Why is this so difficult? This whole process has been them telling us to jump and we say “how high?” Going to try and not think about it this weekend. It’s become all consuming…Have a good weekend everyone and congrats to those who got their transcripts!!!!

  • Abby

    We also need our return transcripts sent or faxed directly from IRS to the lender and filled out the 4506-T to authorize this. It would be a lot easier to get them directly faxed to you and then forward to the lender but that’s not the case with us. At least we’re getting closer to closing on the house, over three weeks after the original closing.

    Christina, my husband is self employed and I get a W-2. We file jointly and his earnings are recorded on the schedule C part. Not sure if that helps or not. We owed in also.

  • alicia

    I finally was able to speak to a TAG office representative for the second time. First time they told me I didn’t meet their criteria to help me. Any way, previous to talking to the TAG representative, I received a mail from IRS saying that I needed the different forms like schedule A, etc. I faxed them along with a letter explaining that this was going to be the second time I was submitting the schedules. When I spoke to the TAG representative, she told me that in order for her to help me I have to started all over. This mean that I should fax her all my 2010 return and she will take care of it. However, it will take from 4 to 6 weeks to do the process. I told her that I initially mail the return on February 14, 2012 and have been waiting for them to process it for 8 weeks. Plus everytime they request a paper I submit it through the IRS office or I fax it to them. She said that my file is everywhere, she was not able to see it process in the computer. She told me that the 2011 and 2012 are in the same status unprocess yet. 2011 I just filed it about a week ago. Oh, I don’t know what to do at this point but to fax her all the 2010 income tax return, and at the same time waiting for a miracle to happen so somebody from the IRS can process it faster to wherever IRS department I am faxing the other forms.

  • Nick

    We were finally able to access our account transcripts yesterday morning so hopefully our return transcripts will be available next Friday. Everyone keep their fingers crossed. We are supposed to close on our house on May 1.

  • Jack D.

    If you roll few pages back I was in the same situation as you guys are in now. I wish you the best of luck! I know how it feels specially the sleepless nights, depression, fear, hopeless …..
    Even though I was the only person who did not receive the return transcript after making the payment and waiting for over a month finally changing lenders made my dream come true. We closed our escrow with the new lender in less then 10 days. Majority of the banks and lenders, ask for return transcripts, but some like in my situation was able to get out of this whole chaos with account transcript and proof of my tax payment.
    Don’t lose hope you can check my previous posts, even though I was very sad depressed I always prayed, never lost hope and my prayers were answered… Good luck !! May god bless all of you !!

  • alicia

    Jack, what is the name of your new lender. I change lenders and at the beginning he said that he will accept the IRS stamps for 2010 and 2011. After I file the 2011, he said he wanted to see the check refund for both years. Right now I’m in point number 1. Maybe I can go to your new lender Jack.

  • Ryan

    Hi everyone. Yesterday, (Friday, April 13th), my return transcripts were also made available. What a relief! As soon as I was able to order them online, I called the IRS and was able to get them to fax the transcript to me. The customer service person did put me on hold for a good 10 minutes because she said that she “had to print out all the pages first and then fax it over.” I then immediately sent all the documents to my lender but they said that the faxed transcript looked different from what they normally when requesting the 4506T. So now, I am waiting for the top underwriter to decide if he will be willing to accept them. It keeps one going… At this point, I think it might be another day or two delay. :(

    On a positive note, at least the return transcript finally became available! This was truly a surprise to me since I made my payment just 7 days prior. It looks like the IRS is working hard to quickly process returns with the tax deadline looming around the corner.

    Anyways, good luck to everyone else out there in the same situation and thanks to all those before me for sharing your experiences and information!

  • Jack D.

    Hello Alicia,
    what state are you in ?
    my lender’s name is Prospect Mortgage.
    http://www.myprospectmortgage.com

  • Jack D.

    By the way what do you mean by check refund? Your were due refund and didn’t owe IRS anything?
    thanks

  • alicia

    Thanks Jack, I live in Chula Vista California. I expect to receive a refund check from the IRS on both years 2010, and 2011 but the problem at this precise moment is 2010. I put a lot of money to the federal taxes throughtout the year so by the end of the year I should always receive a refund check.

  • alicia

    Jack, I’m reading that you close escrow in around ten days. But then you mention that you were requested the account transcripts. I don’t have any of those things except the proof that I filed 2010 and the letters that IRS have sent me requesting me to fax them the extra copies. I just saw that Prospect Mortgage branches are close to where I live.

  • Jack D.

    Hello Alicia,
    the account transcript was ready within 7 business days after I made my payment to the IRS. My case does differ from yours because I owed money to IRS for my 2011 return therefore had a proof of my payment which was made through my bank account and account transcript confirmed the date in which the payment was submitted and received.
    Until today my return transcript has not shown up yet. If you check the forum though 99% of the bloggers did receive their return transcripts within 2 weeks from the date of which their payment was received.

  • Jack D.

    The lender also agreed to accept IRS stamp for 2011 return. Unfortunately my local IRS did not accept to stamp it, which I find it logical. They stated we can’t use IRS received stamp on an efiling because you have already filed electronically and received an acceptance letter from us. Unless you walk and turn in your 2011 return in person to your local IRS office, they will not stamp your return if it’s been efiled.

  • Christina

    Abby, we too owed in and paid early April. We have our accounting transcripts so just waiting on the return. Hoping this Friday. We were just told yesterday that we could have the return transcripts faxed to us and the UW would accept them to continue on with the process and fund. I’m hoping this is correct information. It’s hard to bank on anything at this point. Praying that Friday is the day!!! Nick, I see you are waiting for Friday as well. Fingers crossed for you!!!

  • Nick

    Christina

    I will have my fingers crossed for you. When were your account transcripts available?

  • Elijah

    Wow, thanks for the information on this page! My loan company has been taking forever for underwriting (4 weeks now) because of tax transcripts! We’ve always filed on time or early and never owed anything. Apparently when they requested the transcripts they were denied? They told me that it was because of a bad address, so I verified the address that would have been used for 2010 and 2009. They are TAKING forever on this. We are supposed to close tomorrow and they still don’t have the reorder of the transcripts back yet. The idiots could have just used the address that was on the copies of the returns I gave them the first time and saved an extra week.
    QUESTION: Are there any other reasons a request for Tax Transcripts would be denied?

  • Christina

    Nick, Ours were available last Friday, the 13th. Elijah, good luck to you. I don’t have any answers for you but hopefully someone else could help you with that.

  • Frank

    I am in a similar situation. Lender tells me they are unable to get 2009 transcript from IRS. Just got of the phone with IRS agent, tells me my 2009 just finished processing. How long until these tax return transcripts are available for my lender to pull. I also filed my 2011 taxes (get a refund) on April 16th, will these be available quicker?

  • Nick

    Christina, our account transcripts were also available Friday 13th so hopefully tomorrow is the day for you and us. Everyone that has received their transcripts, about what time on Fridays were they available?

  • Ryan

    Nick, my receipt transcripts were available at 7am PST when they came available for me last Friday. I called the IRS around 9am and they had to print out the transcript on their end first before faxing it to me. Since your account transcripts were available on the 13th, I think tomorrow is the day for you. Good luck!!

  • Rick

    Received account transcripts last Friday and just got news online that return transcripts are ready! Everything that people experienced here were spot on! Good luck everybody!!

  • Christina

    Congrats Rick!! No transcripts here :0(

  • Rick

    So Christina when you go online at IRS https://sa2.www4.irs.gov/irfof-tra/start.do
    then it says they are not available?

  • Christina

    Rick, yes it’s still saying that they aren’t available. I’m starting to panic now. Closing on the house is supposed to be on Thursday, the 26th. On the phone with the IRS now….

  • Jim

    Hopefully they have some useful news, Christina. I was also expecting (hoping) my return transcript to be available this morning as my account transcript was ready two weeks ago.

    Thank goodness for this forum, all the information has been very helpful.

  • Kevin L.

    Hi all!
    I’ve been a lurker on this board and it gives such excellent information!! I was waiting for my 2011 transcripts to become available, and the first part of them are available today (account transcripts)! I just need to wait one more week for the return transcripts. Since I got so much great information from this board, I wanted to post the timelines. Before I do that, I have to tell you, if you filed, and owe money-PAY THE BALANCE ON THE TAX OWED. If you still owe, your transcripts will not, I repeat WILL NOT BE READY UNTIL AFTER MAY!

    E-Filed:
    3/13/2012-Filed and had a balance due of $1085.00
    4/12/2012 – Paid the $1085.00
    4/20/2012 – Account Transcripts are ready

    I’m banking that the return transcripts will be available on 4/27/2012 – I’m scheduled to close on the 30th!
    I paid on the 12th, as I read this board. What happens is, your return is floating on dead air until all the rest of the refund due returns are processed. When you pay your balance, it then kicks the system into gear to start the processing of your transcripts. Please take me word for it, you need to pay balance owed if you need a quick turnaround tiome on your transcripts!

  • Rick

    Kevin,

    You will have your return transcripts next friday. Got mine today and had a 3rd party CPA pull them online and will close on monday. The CPA will charge $75-150 but is worth it! Good luck!

  • Kevin L.

    You’re not kidding Rick! I think one think we can all agree on – we’ll make sure we hit the IRS first before starting the mortgage process! I’m actually confised that I never heard of this until now. If I never visited this board, I would’ve never of known that I needed to pay taxes owed. Whew.

  • Christine

    I was finally able to request my tax return transcripts. Here’s a time line of events:

    April 6th – mailed payment to IRS
    April 11th – check was cashed
    April 13th – was able to request tax account transcripts
    April 17th- received tax account transcripts in the mail
    April 20th – was able to request tax return transcripts!!

    Thank you to everyone who has posted and provided information! If it wasn’t for this website I would probably still be waiting for my transcripts because I wasn’t planning to pay the IRS until the 17th.

    On a side note, I work in financial aid at a large university and this was the first year we were required to ask for tax transcripts instead of a copy of the tax return. As we all know from experience, tax transcripts can be a challenge to get! So it was approved that financial aid offices can accept tax returns until mid July instead of the transcripts. Hopefully the IRS realizes they need to find a faster way to get transcripts processed if they’re going to require them for mortgages and federal financial aid.

    Thanks again to everyone!

  • Brad

    I have been visiting this site for a few weeks now. I thought I would post my timeline as my experience has been far different from most on this board.

    2011 tax return mailed with full payment on 3/13.
    Check cashed by IRS on 3/21.
    Account transcript available 4/4.
    Return transcript still not available.

    I was told by our lender on 4/3 (day before closing) that a tax transcript for 2011 was necessary before closing. I had never even heard of this before. We had our return stamped at the IRS office as received but this was not acceptable to the lender. I offered a copy of the cashed check. Nope. I offered all of my 1099’s which account for virtually every penny earned in 2011. No dice. The lender refuses to close on the loan without the return transcript.

    I’m glad so many here are coming to a resolution and moving forward with closing but we’ve had no such luck. We have contacted the tax advocate but they have basically told us they can’t do anything for us. Good times.

    I don’t ever want to hear another politician complain about the sluggish housing market. They created the regulatory mess that we now all find ourselves caught in.

  • alicia

    Hi everyone, I have had a very tough week, with the daily work routine and to solve the transcripts issues on top of everything. As mentioned on my last mail, finally I was able to speak to a tax advocator and told me to fax everything from my income tax file to her so she could be in charge of everything. At the same time I received in the mail for the third time from the IRS, the requests for the schedules missing the first time I file my taxes Those schedules, had been submitted in person to the IRS, and faxed them two more times previously to the third letter. Anyway, according to the advocator comments, my files are everywhere. I faxed the tax advocator on Monday morning, 67 pages of my income tax return plus the forms I have asked from the IRS to submit. Tax advocator called me directly as soon as she received them with a little surprise because I faxed all these forms and for the money I spent from FEDEX. I told her i didn’t want to omit anything and if she could fax my lender as per our previous conversation agreement she would do it and confirmed on the phone on Monday. Lender called me on Thursday telling me he didn’t receive a Fax from tax advocator. I called her yesterday afternoon and was panic when her voice message says that she left in an extended leave. Call today to see who was in charge of my file, no body knows, tax advocator didn’t leave any notes in the computer. Oh my God, what else do I have to face from the IRS?

  • Jim

    Brad, my timeline is starting to feel like yours. My return transcript is still not available, two Fridays post account transcript.

    Mailed return on 4/2
    Payment cashed on 4/4
    Account transcript available 4/9 (maybe earlier as I had not checked)

    I had to file by mail given one of our schedules. Maybe snail mail vs electronic filing is a problem?

  • Nick

    I got my transcripts yesterday and got them to my broker. Hopefully going to close sometime next week. Here is my timeline.

    02/22-efiled my return
    04/02-overnighted my payment only because I found this blog otherwise I was going to hold off till 04/17
    04/05-check cleared my bank account
    04/17-account transcripts were available
    04/20-return transcripts were available

    Hope everyone else has good luck with theirs. This forum is the only thing that saved me cause my broker didnt realize that the balance due had to be paid before transcripts were issued.

  • louis

    Jim,

    Can you please keep me up to date with your situation and when Your return transcript becomes accessible. My situation Is similar
    *mailed return 4/4
    *check cleared 4/11
    *account transcript available 4/22
    *return transcript not yet available

    We close 5/18. I think we’ll be fine, just want some peace of mind. Thank You and best of luck with your situation.

  • Cassey

    I had schedule C filed on my taxes, now i cant get a mortage loan. How long do I have to wait until I can apply without this affecting me?

  • Tara

    This site is very helpful and I would be grateful for guidance. I’m in contract on a home. I found out when I tried to efile before April 17 that someone already filed fraudulently with my SSN for tax year 2011 (and was paid a refund). I’ve already spent hours on the the phone with the IRS and their identity theft division. I don’t mind dealing with it all, but I’m frantic about how it will impact my “pre-approved” loan. Has anyone experienced this? How did they get lenders comfortable with the accuracy of income information provided? Mine should match for 2009 and 2010, but it absolutely will NOT match for 2011. Should I share this information with my mortgage broker now? Or wait and see what happens?

  • alicia

    Hi everyone,
    I am sooo happy and so grateful to God for I have the 2010 and 2011 transcripts in my hands. As I mentioned previously, 2010 income tax return was a mess in the IRS. My files were everywhere, IRS was sending me requests that they needed this schedule and that schedule. after faxing all the schedules they were requesting, they were sending more requests. Finally, I was able to speak to an advocator, faxed my whole file, paid 75.00 for the fax, this was last Monday. Tuesday, advocate lady, went out on extended leave of absence. Thursday, I called and no body knew where my files were. Monday morning received a call from the IRS (TAS) and to my surprise the lady told me 2010 was processed and that she was going to fax me both transcripts, 2010 and 2011. So today in the evening went to sign the loan docs. and I believe escrow will close on Friday. I need to tell you that yesterday, I told my son that we needed to pray so something good could happen. April 30th was the last day of the second extension, and since it is a short sale that was going to be the end of the extensions. Thanks everyone and really, really God answers our prayers. Also, thanks to this site, because it was here where I learned about TAS.

  • Kevin L.

    Hi Nick (or anyone else)! Was the three day notification done through the IRS website? Or did you find out they were available by calling? I was under the impression the IRS makes them available on the cycle on Friday. I’m thinking mine will be avail. this Friday (return tran) but I’m REALLY under the gun here.

  • Tim

    I NEED HELP

    Efiled 2011 return Feb 28, 2012 and was accepted. Self employed with a $7,600 balance due. Ouch. I have been strung along from IRS. They tell me I will be processed first week in May and transcript available 2nd week. I have not paid balance. I have extension until Aug 10 with them. Problem is I have a April 30 close (which is extended from April 16). i Am not gonna make it. Waiting for extension until May 15 from seller today which he agreed verbally.
    Also, do you always see the account transcript first and then the return transcript comes after? Becuase I dont see an account transcript online yet?I ws hoping to have return transcript this friday or next at the latest.

    Am I going to lose this house?

  • Louis

    Tim,
    Not intending to ‘freak you out’ but it seems as though paying your tax liability in full triggers the processing thus availability of Transcripts. Read my post above to see timeline to which Account Transcript became available. I would recommend paying your balance in full ASAP. Just my opinion, but I think you’ll see your account and return transcript within 21 days of making that payment in full, maybe sooner. Best of Luck

  • Tim

    What is the quickest fastest way to do this. Obviously online but does it matter where. i.e EFTPS.gov or something better?

    I am going to pay today. Thank you!!!

  • Louis

    Tim,
    Seems as though EFTPS is best way. Read ‘Chad’s’ comments starting on page 10. Took about 15 days for him from payment date to transcript availability.

  • Tim

    Set up EFTPS and they say I will get my password in the mail in 7 days. :( So….that wont work. I guess I will try one of the others.

  • JAck D.

    I paid via EFTPS as well. You don’t need to wait for the password, tomorrow may you call them and make the payment over the phone. Eventually the password will come in the mail.

  • Kevin L.

    You can also use this site. I’ve been using it for years now…

    https://www.pay1040.com/MakeAPayment

  • Tim

    It appears as though using the other services it takes a week until IRS receives. That wont work. I dont really care much that it gets credited according to the day I use the service, what matters is that the IRS receives this and acknowledges it onthere system asap.

  • Tim

    Ok does it really matter if its:

    WorldPay US, Inc. ( done with Debit Card)
    Or EFTPS

    In terms of the IRS getting in there system sooner? Its too late in the game for me to step on another hornets nest.

  • Tim

    I paid WorldPay US. They told me 4 days for IRS to post. Beleive it when I see it. Hang on. Gonna be a nail biter.

  • Angela

    Hello everyone. I have read through EVERY SINGLE COMMENT on this site! I have one question though. Everyone on here has made their payment in full to the IRS in order to receive their transcripts. The good thing is that my company did great this year! The bad thing is because of that I owe a substantial amount. :/ My accountant originally efiled my return in mid February. I was then told by my mortgage company to get a second opinion on the way she filed them. I had another accountant amend my return for me and I walked it into my local IRS office and had it stamped along with dropping off a partial payment towards the balance on March 5th. Like others, the stamp was not good enough. I am now waiting for my return transcripts. I already lost the first house I had due to the listing agent denying my request for an extension. I just had my inspection done on my second house and now the process is moving along. I am praying that my return transcripts are ready within the next week or so. We are set to close at the end of May. Anybody have any suggestions when there is still a balance owed?

  • Tim

    Hi Angela
    Welcome to my stress. I wrestled with this same question for the last 2 weeks. I was told many times that the returns will be proceesed first week in May and transcripts will be available 2nd week whether you owe or not. Problem is, I dont know who to believe. I dont want to lose the house we have now under contract due to this ridiculous requirement so I ponied up today. We will see what will happen. I didnt want to wait until my close May 14 to find out if I lose. If you are going to risk it, and you may be ok, you have to be prepared to lose the house you have now and start over looking again. If you dont like that then you will have to find the money and pay the bill. If I had a June 15 close or if you could extend to June 15 then it may be worth it. They evetually have to process the dam thing. You owe money and they have to collect.

  • Monique

    Im having the same issue as everyone! Did our taxes in February and transcripts are not available until mid May because we owe, jut found this out yesterday. Going to the local IRS this morning, we close on the 30th. My sis told me they will print off a transcript for you! Fingers crossed!!!

  • Tim

    They will only print off the return transcripts if they are processed. If they are not processed you will get a print out that says “return not processed” and your lender wont accept it. I hope I am wrong. Good luck and please let us know.

  • Kevin L.

    Hi Angela, I definitely understand what you’re going through. I read through this site that a person needs to pay their debt in full or the transcripts get put to the back of the pile. Once I paid my balance, it jump started the system into gear. My account transcripts are available now, and I’m hoping for the return transcripts to be ready on 4/27-I close on the 30th! Yikes!

  • Monique

    Well Tim, they weren’t processed and you were right. How are taxes that I did in february not processed! Seriously??? I didn’t tell my lender I went! Lol, they called saying they would accept the turbo tax print screen saying it was accepted and a letter signed. Thank God! They (lender) let me know wayyy too late they weren’t available!

  • Tim

    Monique. You are very fortunate. Most lender will only take “IRS Return Transcripts” and that is a crock. If its Fannie Mai or freddie in the end you have no choice but “IRS Return Transcripts”. The mortgage company your dealing with often times doesnt know this until its too late. I would double check with the mortgage company that the underwriter they are using will accept what you are told. I would not trust the Mortgage company as I have been led astray twice. Let us know that you close ok on the 30th and hoping for the best for you.

  • Ryan

    Monique. I agree with what Tim just said about double checking. In my case, my mortgage broker told me that everything was “going to be fine” but when my file went for final review with the underwriter, he would only accept the “Return Transcript”. That created a lot of unnecessary stress and anxiety and ended up pushing back my closing by a couple of weeks. Thankfully it all worked out in the end. However, after all that I went through over the past 3 months to get the loan to close, I found it best to be overly cautious. I do hope your closing goes as scheduled. We’ll be waiting to hear the good news!

  • Jim

    I got the same story, Ryan. Everything was going to be fine… ;-)

    I anxiously await this Friday’s refresh…my last chance before getting an extension.

  • Monique

    Hey guys! So i double checked and the underwriter signed off on it! Yay! BUT, the underwriters manager has to give the ok which I’m waiting to hear back from today. My nerves are shot!!! Omg! I’m glad they are considering closing without the transcripts, they could have said no right away! Maybe my transcript will miraculously be available tomorrow or better yet, they’ll say yes! I wish i would have known this were an issue a month ago :( Will keep you posted!

  • Tim

    Made my payment in full on the Tuesday this week. It sure would be nice if payment was recorded today at the IRS and then at least an account transcript tomorrow and a return transcript next Friday May 4th. That would be best outcome but I dont think so. Acoount transcript May 4 and return transcript May 11 more likely. My final close is May 14. Too close for any comfort if at all. I have faith all is well.

  • Ryan

    Jim, I’m hoping that tomorrow is going to be your day! Since your account transcripts have been available for a while now, I don’t see any reason why it’s taking this long. Good luck and keep us posted…

  • Tim

    Jack D, Monique, anyone. Can you provide the lenders contact information for the ones that are accepting mortgages with something other than “return transcripts”? I am buying in Arizona. I cant beleive I could lose this house becuase of this non- sense and have to be pro-active.

  • alicia

    Okay, just to let you know I have the keys of my house already. I pray to God for his favor in regard to the transcripts and even tough the tax advocator told me six weeks, she processed them in a matter of three days and fax them to me right away. The house I’m buying is a very nice house with a beautiful view and two blocks away from the lake. I really didn’t want to lose it. Thanks everyone.

  • Cory

    I wanted to post my experience since I have been reading this blog everyday.

    April 4th – filed 2010 (owed)and 2011(return)in person got stamped copies.
    April 15th – faxed the tax advocate there 911 form along with the stamped copies.
    April 19th – tax advocate (local#) called and said she can not help me(case #was assigned).
    April 23rd – called national tax advocate line told her they were not willing to help me. She gave me the local managers #. Called the manager she said refax stamped copies that she may be able to help me since both returns were not yet processing.

    And magically without paying the balance owed both return transcripts are ready today. Does that rock or what. :)

  • Ryan

    Congratulations Alicia! So glad that it all worked out for you. Now you can leave all the stress behind and start enjoying your new home!

  • Tim

    Thanks Cory. On the phone now to the National TAS.

  • Tim

    Ok. Called National TAO. I have a case # assigned and a case worker will call next Wednesday. I am hoping that this stimulates action and the transcripts magically appear as was reported here in a couple cases. I hope it doesn’t stall my account either which I thought I read somewhere as well.

  • Christina

    Hi all! Haven’t posted in a while, I’ve been way to stressed and depressed. If you look back you can see when we filed, that we owed and when we paid. Still, no return transcripts. No one at the IRS has been able to help us. Instead of them telling us July/August, they are now saying they will be available second week in May. We were supposed to close on the house yesterday. Seller has agreed to extend only until May 10th. If the return transcript doesn’t come in, I’m not sure they will extend again. I’m waiting to hear back from our landlord to see if he is going to allow us to stay another 30 days other wise we have to find somewhere to move. This experience has been horrible. If we weren’t self employed and needed this home for our businesses, I would have given up by now. Congrats to all who have closed and gotten their keys!! I’m so glad you all no longer having to deal with this! To those of you waiting, good luck! Sending lots of thoughts, prayers and well wished your way (hopefully one of those will work ;0P) Tim, we are also in Arizona and owed 6,000. I completely feel your pain!!

  • Jim

    Unfortunately our transcripts did not come through today. Christina, it’s feeling like we are in the same, sad boat.

    We’re actually singing today but they are holding the loan until we get these. How frustrating!

  • Kevin L.

    EFiled:
    3/13/2012 – Filed and had a balance due of $1085.00
    4/12/2012 – Paid the $1085.00
    4/20/2012 – Account Transcripts are ready
    4/27/2012 – Return transcripts received!!!!
    4/30/2012 – Expected closing! Whew!

    I paid on the 12th, as I read this board. What happens is, your return is floating on dead air until all the rest of the refund due returns are processed. When you pay your balance, it then kicks the system into gear to start the processing of your transcripts. Please take me word for it, you need to pay balance owed if you need a quick turnaround time on your transcripts!
    Good luck to all! FYI-It looks like once the account transcripts are available, the return transcripts will be generated exactly one week later…

  • Tim

    Congratulations Kevin!! You are where we want to be. Jim, Christina and others including myself still waiting, keep your spirits up. Its been a bit of a wait since February but we will get through.

  • Kevin L.

    Right on Tim! I remember being so envious of other posters who got theirs, and now I can thank God. Please let me know if I can help with ANYTHING else!

  • Brad

    3/13 – 2011 tax return mailed with full payment
    3/21 – Check cashed by IRS
    4/4 – Account transcript available
    4/27 – Return transcript available

    We already closed on the house with cash. Now we are going to get some of the cash back out with a mortgage.

  • Jim

    I learned a crazy thing today. I thought my account transcript was ready when, in fact, it only has recorded my estimated taxes from earlier in the year. The IRS does not yet have record of receiving my return although it was mailed (and my check was cashed) the first week of April.

    Luckily my lender says he will take a stamped version of my return. What’s the advice on the best way to get that – can I get it even though my account transcript is not ready?

    Thank you.

  • Angela

    Jim, If you don’t mind me asking, who is your lender? I had my return stamped! The way I had this done, was instead of mailing it, or e-filing it, I brought it directly to my local IRS office. I am still waiting on my return transcripts, I had mine stamped on March 5th. I would love the name of your lender so I can look into using them instead of waiting on my transcripts! :)

  • Jack D.

    Angela, go with Prospect Mortgage. If you check my earlier post, I was going through nightmares and finally I changed lenders I went with them and they did it with payment receipt of my 2011 Tax. no transcript needed.

  • Angela

    Jack
    I remember you mentioning that so I looked back through all of your comments last night and got the name and googled them. There happens to be one in Seattle which is where I live! I sent them an email last night and plan on calling them today! Thank you soooooo much! You may have just saved our house! ;)))))

  • Louis

    Hello Everyone,

    Just updating my ‘story’ for those waiting for return transcript on a mailed return.

    4/11-Check cleared
    4/20-Account Transcript available
    4/27-Return Transcript NOT yet available

    We close 5/18, hoping we have return transcript within next 2 Fridays.

    Good Luck Everyone, Keep the Faith!

  • Tim

    Paid balance in full last week Tuesday and still no account transcripts. Paid in full online. Started another application with another lender who doesnt require transcripts. Only requires proof of tax payment and IRS acceptance of efile. I’m more than pissed at this whole process. Something will happen by May 14th. By the time the goverment figures out that people are being screwed here many will lose there homes. Very sad but thats how it roles. We need to promote mortgage companies who work with self employed individuals and remember the companies that dont.

  • Angela

    Tim
    What mortgage company are you going through now?

  • marty

    i can’t close escrow because we didn’t e-file our taxes…..i’m soooo pissed off…….was supposed to close april 25th………still waiting……thanks IRS…

  • Tim

    Angela
    Prospect Mortgage. I being very careful here though. Not signing anything at the moment. They want another appraisal at $400. What the hell is wrong with the one the first mortgage company did two weeks ago???? Just an absolute scam this whole industry. I cannot beleive the total lack of accountability in this industry. The screwing continues.

  • Louis

    Marty,

    Sorry to hear about your situation. Can you give a timeline as to your situation. When did you mail return? Did you pay balance in full and when? Are account transcripts available?
    Best of Luck

    Louis

  • marty

    Louis,
    i mail my taxes on April 16th…..paid in full too. Wish the loan officer would of told us to e-file just in case, but of course he didn’t mention it. Now we have to wait for transcript to become available. Don’t know how long we have to wait. Copies of return checks are not acceptable. Now we can’t close escrow because no transcripts. soooo angry!!! thanks for asking.

  • Tim

    I have been waiting since Feb Marty. I am told the week of May 7th transcripts will be available. Im not holding my breath. Try and get an extension. I have done 2 already.

  • marty

    tim thanks for the info…just fed up and don’t know if i can hang in there…

  • Tim

    I know the feeling Marty as does a few people on here. I have a ton of things on hold because of this. More than just moving to another house. The mortgage companies must be making too much money to throw business away like this on a hick up.

  • Louis

    Marty-I know how you feel. I just wish lender would have been upfront and stressed importance of 2011 transcript. Best of luck. I’ll keep you updated on my situation and vice-versatile.

  • marty

    tell me about it tim….i’ve extended my storage unit twice already and have to extended again on saturday…how much more do i need to folk out…..my family is starting to wonder if i’m lying….i keep changing the date…tim, do you check the site everyday to see if transcripts are available??

  • Louis

    Tim,
    I was also told to check between May 4th-May 11th by an IRS rep. Im hoping they are correct. In your case, Im hoping your A.T. Shows up this Friday and R.T. On the 11th. That seems to be the trend for E-Filers. Best of Luck and hang in there.

  • marty

    marty not mary

  • marty

    ok louis

  • Tim

    Marty-I check a couple times day.
    Louis-IRS confirmed its a hot issue right now. I speak with Tax Advocate tomorrow. Hoping that may help.

  • Angela

    Tim
    An IRS agent admitted to it being a problem for others as well? I feel like everytime I call they act like they have no clue that lenders are requiring transcripts now.

  • Jack D.

    Hey Guys,
    I was going through this earlier this month. My return transcript didn’t show up even after making the full payment in early March. Please read my earlier posts. Prospect mortgage was the only lender who saved me from losing my deposit and house. The seller forced me to sign a release form to get hold of deposit. Not only I was going to lose the beautiful house but also my full deposit. I actually was charged $475? or more for appraisal fee. I was charged twice. My advice to be to go with a lender not a broker. The lenders have more control over underwriters then a broker who has no idea who the underwriter is….

  • Hey guys,

    I thought I’d take a second and chime in and explain a few things.

    Verification of tax transcripts became a standard procedure in late 2010 to ensure that a home buyer or homeowner was submitting accurate tax documents and to get a clearer idea of what the true income was. As we’ve learned, many other problems came from this.

    Lenders are not making a ton of money that they’re willing to turn away clients. In fact, it’s the exact opposite. If they feel an investor won’t buy a loan from them, they lose too much money. Lenders who recognize the need to serve their client but need to comply with investors will fund a loan with stamped returns, wait for transcripts to be available, then sell the loan to the investor (like Fannie Mae) after the transcripts are available.

    If the lender received falsified returns, even stamped returns, there is a huge loss on their books. It doesn’t mean that they shouldn’t trust their clients, but some do and some don’t. I know we make exceptions with supporting documents and as you all now know, others do as well.

  • marty

    Tim, got a call that i need to sign an extension….no transcripts yet…i’m SOL

  • Tim

    Marty: If you can sign the extention and the seller agrees you are in good shape. Hang on until Friday morning. From my experience the system updates overnight on Thursday. Still no call from the tax advocates office today for me. Will wait a few more then call them.

  • Monique

    We closed on the 30th guys! Everything worked out in the end! My transcripts never became available, but they accepted a receipt showing the taxes were paid! Thanks God for flexible lenders! Now I can sleep at night!

  • Tim

    Good new folks. Just got off the phone with the IRS tax advocates office and they are very good. They said they have moved the date from the last week May to the first week of may for self employed returns. She is also faxing a letter to my lenders that she says is accepted by lenders. Not sure about this one but I appreciate that attempt she is making and hope for the best. I think stuff will happen now. We will wait and see. Hang in there eveyone!!

  • marty

    Hi guys…i got approved to today….so relieved. I got a waiver, but will still need to show my transcripts in about 14 days…I hope their available
    soon. Not sure what happens if not available in 14 days. I get keys on Monday or Tuesday…Good luck everyone!

  • Tim

    Marty. Take the money and run and dont worry about it. Congratulations!!!

  • Louis

    Congrats Marty!
    Enjoy your new home!

    Tim,
    Looks like it’s down to us, hope the advocate come thru for you.

  • Florencio San Juan

    I fill my 2011 income on march 14 but I send my paymonth in full on April 15th when my transcript will be ready in file? My closing is on the 10th

  • Tim

    Your right Louis. They save best for last is the way I look at it. Just heard from my lender and what the IRS advocate sent over was not good enough. I also sent through a few succes stories from this blog and they claim that those companies got PTI waivers and my company doesnt do that. Of course they dont. Why would they. That would be too simple.

  • Tim

    Louis. Why do I feel like I am on the Titanic at 1:45am in the morning the morning they went down.

    Florencio: Should be next week if not this Friday morning. IRS updates early Friday morning.

  • marty

    Tim and Louis…..thanks. Found out that after the 14 days it’s $114 dollar fine for each day that you don’t submit your transcripts…whoa! hope they become available soon. i checked today and nothing yet.

  • Angela

    Im still waiting for an approval from Prospect Mortgage! They said yes, they will accept my stamped return! So now we just have to make sure they approve everything else! Thanks to you guys who reccomended them! I took my return to the IRS office on March 5th and my return transcripts are still not available! My account transcripts have been ready for two weeks now… But I guess it doesn’t matter anymore since I won’t be needing them!

  • Jack D.

    Hey Becky I did my loan with prospect Mortgage and they did it without a return transcript this was a month ago with a proof of my tax payment. You are lucky that IRS stamped your return because when prospect Mortgage asked me to get my return stamped, IRS refused to do so because they stated I had efiled my return and they couldn’t stamp received on an efile since I wasn’t turning it in person. They did agree to speak with my lender to prove they had received it. The person who worked for Prospect Mortgage had very good connections with the VP and underwriters so they finally told me just leave the IRS building. I went through nightmares until my loan was approved….. Still my transcript isn’t available even after 2 months !

  • Tim

    Louis: Its 9:12pm Thursday night PT and I just checked and my account transcripts are available. Thats different. Maybe Return Transcripts availablein the morning. Havent heard of it updating Thursday night before. Maybe tomorrow am is Christmas Morning.

  • Louis

    Tim,
    Congrats Buddy! I think you’ll have RT by next Friday. As for me, as of 7:45Am CT no return transcript available. Gotta keep the faith, next Friday Is our day!

  • Tim

    No return transcripts available. This gives me only 2 days for for funding and final approval and closing. Even if it comes next Friday. Such a flaw in the system.

  • Florencio San Juan

    Tim, how can I check my account transcripts?

  • Susan

    hey all, I was one of the early contributors to the site and found myself checking in again tonight. I noticed that some of you still waiting on transcripts went ahead and got the returns stamped to see that would work in the meantime. This could be why you are still waiting. Someone posted in the beginning (you’ll have to go back and find the page) that by getting the returns stamped you are effectively starting the WHOLE process over again, ie refiling.

  • Jack D.

    Hey Susan,
    how are you doing? did you move in ?
    I am still working on the house prior moving in.

  • Allison G

    Hi there…new to this site.
    On April 12 I e-filed my return. I had a balance due of $8k. We sent in payment of $1k and made a payment plan. The check was cashed on May 4th.

    We were supposed to close on April 20, obviously that did not happen as our lender requires 2011 tax return transcripts. I have contacted TAS, the first 2 times nobody would open a case for me, even though if we are unable to close on this home we will lose our 5% deposit, as well as have no place to live (we are supposed to be out of our apartment by the end of the month). Our lender says they will accept a stamped “received” copy of our return, I attempted to do this at our local office but they said that they no longer stamp- they only issue a receipt of submission. This is not good enough for our lender. Our lender suggested trying another office. Anyone in the NYC area have success getting a stamped received return from the local office? If so where?

    Also, anyone else have experience with when transcripts will become available while on a payment plan? We did not pay in full. Is there any magic words I could say to the TAS people to get them to take on our case and expedite our transcripts?
    Any help greatly appreciated.

  • Tim

    Hi Allision

    We efiled Feb and are still waiting. It is best to look at the people from a year ago around this date and see what was happening from a systems stand point. I know that they were waiting up until July when I read it. I do know that payments dont work on the system to speed things up. It has to be paid in full. A couple on here did get transcripts with balances still owing so Im not sure what to say. Very depressing and it is a major problem that needs fixing if we ever want to clear up this mortgage mess in this country.

  • Louis

    Tim,
    On your account transcript, is there a date about a quarter of the way down the page on the right hand side? It may read something like “As of (date)”

    Let me know..I think that may be the completion date. I talked to an IRS “friend” and that’s what she’s saying.

  • Tim

    I dont know Louis. The transcript is being mailed to me as it was just the account transcript and I didnt push to have it sooner. I am hoping Monday or Tuesday something shows up for us like a return transcript. I have a feeling we wont have to wait until Friday. Not sure why but just a feeling. Between the interest rate lock extension and the fee I am paying the seller it is costing me about $80.00 a day. If I dont get someting this week I am pulling the plug and going to build my own place in the wilderness. I’ll keep my money since no one wants it. Who wants a back yard with an inground heated pool backing onto a golf course anyways. :) I will thank the IRS for doing there part in helping the economic recovery and I will say a prayer for the mortgage companies that are losing business from this screw up. In the end I will still have my money.

  • Louis

    Tim,
    Haha! I hope you are right about Monday or Tuesday. I’ve convinced myself that return transcripts are only updated Fridays. This is a nightmare, checking the IRS website 3 times a day. I’m almost 100% sure yours will show Friday the 11th (based on this blogs trend). Hope I’m right there to celebrate with you Friday morning.

  • Tim

    Well….nothing today. If they dont come tomorrow or Wednessday at the latest then contacting the tax advocates office last Wednesday was a waiste of time and they cant do anything. I know friday is the day things happen but I also read on here that people have used the tax advocates office and 3 days later there transcript appears. Well I can say that the office here in Seattle had done nothing. It’s no fun anymore. I cant even remember what the house looks like that we bought almost 3 months ago. Iquit smoking awhile ago, almost worth it to start again. lol

  • Allison G

    well, I did what my broker suggested and had a duplicate return stamped and submitted. I fedexed the stamped copy to the underwriters….fingers crossed! If they accept we can get a clear to close…so lets hope.

  • Louis

    Allison,

    My lender said they’d accept a stamped copy as well, eventhough Ive already mailed my return. If my return transcripts dont post by Monday the 14th, I’m going the route you went. Did they ask you anything when you submitted them in reference to money owed?

    Thanks

  • Jim

    Happily, things worked out for us in the end.

    About 5 weeks after payment our return transcript was still unavailable. However, we dug around and found that while the underwriter wanted to see the return transcript, the lender actually only required a stamped copy. So we hit the local IRS office and asked them to ‘receive our return’. 30 seconds later it was stamped, the person behind the desk tossed it into the drawer and off we went. Transaction closed, everyone happy.

    Without this site we would have been lost – it’s crazy that I was basically educating our mortgage broker using this content. Thank you to all the contributors, I hope my experience helps someone in return!

  • Tim

    Louis and everyone: It is 10:30pm PT Thursday night. My return transcripts are finally available. It is exactly 1 week ago my account transcripts were available. This saga is over. I dont wish this on any one. I am very happy but it will take some time to shed this negativity over this experience. Good luck to everyone and I wish everyone the best. Now we have to fly to make all this happen by Monday at 5:00pm.

    Feb 28 E-filed with Balance owing
    April 24 Paid balance in full
    May 3rd Account transcripts available
    May 10 Return transcripts available

  • Jack D.

    Unbelievable!!! After three months from the day of efiling my transcript is finally available but no need for it ;)
    Efiled Feb 11th
    Paid full balance on March the 5th
    Account transcript was available on the 9th of March
    My return transcript was available on May the 10th.

  • Christina

    Tim, just saw your post and if memory serves me right (not looking back through posts) you are in Arizona also. I checked earlier today for ours and nothing. Today was the last day on our extension and we hadn’t heard anything back on another extension so today we figured it was dead in the water and needed to move on. I decided to check since you said yours came in and so did ours!!!!!!! Oh my gosh!!! We are actually going to get this house we had fallen in love with! Not going to lie, this whole process has left such a horrible taste in our mouths and I, too, do not wish this on anyone!! Good luck to those who are waiting, you should be soon.
    Our time line:
    Feb 17 E-Filed, Owed
    April 5 Paid in Full in Person
    April 20 Account Transcripts Available
    May 10 Return Transcripts Available

  • Louis

    Tim and Jack,

    Congrats! Tim-hope you get everything taken care of. As of 1am central time my return transcript did not become available. Everything will work out!

  • Angela

    Yaaaaaaay! I just checked and mine are ready too! ;)

  • Tim

    Louis: Yours should have come. My understanding was ALL returns were being posted. They are merging two data bases and that seems to be some delays. I would call the National Tax Advocate office. Asked to be asigned a case worker. Remember you are in a serious situation and will be out on the street in a wekk with no home and thats your story. Explain to the xaseworker that you need them to call the processing center in California and get your return now. Worse case they will want you to send them a signed fax copy of your return and will expedite it. That was my next step if they didnt come today. Call kick and scream at this point Louis. Squeeky Wheel and something about grease is the saying. :)

  • Allison G

    Well……my stamped 2011 return was accepted by the underwriter!
    Not only that, but after working with TAS and submitting a partial tax payment, my return transcripts were available (only to internal IRS). They are not yet up on the IRS site, but they were able to fax them to me. (this is only after 4 weeks of e-filing and 1 wek after making partial payment).

    Still dealing with other beauacracies….(now a tax abatement issue) so I’ll let y’all know when we close!
    Seriously, without this site I would have felt lost and powerless. Thanks.

  • Andrea

    okay, so I mailed my 2011 tax return & payment April 11th & IRS cashed my check April 17th. I’m hopeing to close on my home by the end of the month but the lender is requiring a 2011 transcript. I’ve gone to my local IRS office & gotten them to stamp it but it’s still not good enough. I have no idea how long it could take the IRS to process my tax return put in the system. I don’t know what else to do?????

  • Louis

    Tim,

    Did you get your closing done? We closed today!!!!!! Transcripts never showed up for us. Fortunately our lender said FNMA was accepting stamped returns, so we re-filed with local tax office. The IRS said they lost our return, thankfully we another route opened for us. I don’t know what to do now, as the last month of my life has been spent worrying about this damn mortgage! Ha!

  • Brenda

    I am fearing that the same situation will happen to me, especially since I have many negatives against me: I was a tax identity theft victim during 2009, it delayed the processing for 2010, and now my husband is the victim for 2011. On top of that we filed by snail mail a couple of days before tax deadline because intended to file through TurboTax, which in turn notified us about the duplicate SSNs filing. Finally, we didn’t expect a return –if we did the identity theft would’ve delayed its processing anyway– and had to pay.

    After hours and hours of searching and hopelessness, I found this website: http://www.essexwholesale.com/blog/2012/02/requirements-for-2011-transcripts

    The statement included in the website, which I am quoting below, is also found in many other lenders’ website who process FHA loans (at least that’s the mortgage that interests me):

    Effective 1/31/12: For Salaried borrowers: 2011 W-2 OR 2011 Year end YTD paystub will be required

    For loans underwritten before June 15, 2012, if the borrower has filed their 2011 tax returns, and the tax transcripts are not yet available, the tax transcript request will be returned from the IRS and reflect “No Record Found”, the following must be provided:
    • 2011 Tax Transcript showing “No record or return filed”; and,
    • Copy of the 2011 Tax Return, and,
    • For Salaried Borrowers: a 2009 and 2010 tax transcript, current paystub and 2011 W-2;
    • For Self Employed Borrowers Or borrowers with reduced 2106 expenses: a 2009 and 2010 transcript, and 2010 1040’s along with 2009 and 2010 tax returns. (if 2011 income or expenses are being used to qualify, the 2011 1040’s and Tax Transcript is Required.)

    For loans underwritten on or after June 15, 2012, 2011 tax transcripts must be obtained. If a borrower has filed an extension, the following must be provided:
    • Evidence that the extension was filed and evidence of tax payment; and,
    • A 2011 Tax Transcripts showing “No record or return filed”; and
    • For Salaried Borrowers: a 2009 and 2010 tax transcript, current paystubs and
    • 2009/2010/ 2011 W-2’s;
    • For Self Employed Borrowers Or borrowers with reduced 2106 expenses : a 2009 and 2010 tax transcript; and 2009 and 2010 tax returns. (If 2011 income or expenses are being used to qualify, the 2011 1040’s and Tax Transcript is Required.)

    Borrowers Not Required to File a 2011 Tax Return

    If a borrower is not required to file a 2011 tax return and the source of income cannot be validated through the #4506-T process, alternative documentation must be obtained, along with a 2011 transcript showing “no record or return filed”.

    My lender has been aware of the ID theft issue and I believe that they utilize a service to obtain the 4506T which allows them to have them between 1-2 days, which is good, because, if they base their requirements in the aforementioned requirements, I have transcripts for 2009, 2010, copy of my tax return for 2011 and all W-2s.

  • Charmaine

    My transcripts are not available as I had to not signed the return on the proper line and the IRS returned them. I signed them but the transcripts will not be available for at least 5 more weeks per the IRS. My mortage broker says that without the transcripts I must pay as much as a point ($1,600) to “lock” in a the rate. From reading this site, I am gathering he will hold the loan until the transcripts come in but I do not know that for a fact. I got my returns Stamped as Received at the IRS office but he won’t accept that or any other documentation. He informed me of this new status today just one day before our settlement date. Is anyone else being charged a fee like this?

  • Danni

    Efiled & paid in full 6/8/12
    Account transcript: 6/12/12
    Return transcript: waiting

    I praying soon!

  • L

    Look at the comment from Brenda above. If the underwriting started before June 15, they should be able to accept other forms of documentation. If not, they just don’t want your business. I’m going through the same situation as we were supposed to close yesterday but couldn’t trying to clear this. I sent the lender what Brenda found so that they know that I know that there are other things that can and should be done.

  • Danni

    L: yes. Unfortunately, if there are still time and getting a return transcript is still possible. They won’t try to review the situation to make an exception. I hate how we found out last minute about these return transcript requirement. They knew we files 2011 tax extension all along from the beginning!

  • L

    Danni: I cannot get mine until God knows when since my ID was stolen and someone used my SSN as it happened to Brenda :(

  • Danni

    L: Did you get a response from your current lender? Are they willing to make an exception for you? When are you supposed to close? If you still have time. Maybe consider switch your lender to prospect mortgage. They don’t require return tax transcript. A stamped copy from IRS is acceptable. I am so sorry about your situation. There is such a flaw in the system. Lenders don’t care. They care about not being able to sell your loan to other banks. If you present your case to prospect, don’t let them know your identity was stolen. Or they might not accept your stamped copy.

  • L

    Danni:

    My closing date did not take place when expected and they keep asking more about the ID theft rather than looking for alternatives of not having the transcript. I went to the IRS, and due to the ID Theft, they were only able to provide me with the transcript showing that I had already paid, printed it directly from their system, and stamped it… She also provided a screen shot showing that a case was opened in the Taxpayer Assistant Service office since now I am in a hardship situation.

    My lender is actually a broker, so she has been trying to work with two lenders now. One told her that they may be able to approve us with the information that we had already provided, but they have to start underwriting from scratch… we don’t know how much time that will take. They are also working with the current lender who requires it and we provided evidence that came directly from the IRS system, stamped and everything, hoping that he/she will accept it. If nothing is positively determined tomorrow, I’m thinking about changing lenders.

    Did you change to that other lender that you’re suggesting? How long time will it take them to go over your loan package and approve you?

    By the way, we had notified the lender about this possible obstacle over a month ago and they assured us that everything was going to be fine and that we needed to wait until the moment that the underwriter asked about it… Too bad that the underwriter asked about it the day before closing :(

  • Danni

    L: what is your new closing date now? I think the lenders care more about not being able to sell your loan to other banks so that they are not trying to think of alternatives for you. Most lenders pull the transcripts right before closing. I don’t know why they do that. I wish they have notified us sooner so we had more time. I still have about 5 weeks to close. We asked for a 30 day extension. So I am still hoping to get transcripts in time before it closes. However, I just realized that I forgot to include a repayment credit on the 2011 tax return I filed on 6/8. Errrrr. My account assured me it won’t cause delay in processing. But i have doubts. I can’t be sure of anythjng anymore from this process. All this has been very stressful and I hate waiting for something that I don’t have control over. For your situation, if they accept the appraisal report. Underwriting doesn’t take that long. It can be done in a week. Sounds like there are two possibilities. I have not worked with prospect. I talked to them and their fees are much higher than my current lender. I kinda want to use them as a backup. From what I confirmed with them, if you are salaried, they can accept 2011 stamped copy. Are you salary or self employ? Also, prospect told me that they can close within 3 weeks. If you do contact a different lender, I think it might be better not tell them you are a victim of identity theft. Remember, they worry more about not being able to sell your loan after they fund you. So it is best to give them the impression that they are likely to get the return transcript after you close.

  • L

    We are supposed to close in a week and am
    salaried. We didn’t have the option of not telling them about situation as it several weeks, may be months, before a transcript is even available.

    Our agent also referred us to her preferred lender but his fees are higher too. My current lender only charges a flat $875 origination fee while the other charges around 1%.

  • Danni

    L: But the lender your agent referred might need the transcript too? Since you are salaried. Some lenders do accept alternative documents in places of transcripts. It is self employed that transcripts are must. Maybe the broker can work things out for you. Any updates from the TAS? If you only have a week left to close. You can’t switch lender. I mean you won’t have time. If you switch lenders, they need to order a new appraisal. They won’t even take cases if it is less than 30 days. But your broker can work with different lenders and use same appraisal report. Hopefully she can work things out for you. Which state are you in? I have been really depressed about our loan. It has been a bumpy road. Seems like one problem solved and another rises. I am so fed up and have to keep myself together and be patient. We really need this house. Everything depends on the house in our situation. Good luck to both of us.

  • L

    The TAS, when originally contacted, couldn’t help because it wasn’t a hardship situation. Now it is and they assigned me someone who’ll call on Tuesday. You’re not alone. All the time, when conditions are cleared, new ones arise. In my case, the IRS gave bad advice, the TAS didn’t consider helping until now, my lender didn’t prepare for issues, and the underwriter waited until the last minute. I’m dealing with reactive, not proactive, people.

  • Danni

    L: keep me updated.

  • Danni

    L: how did you make the TAS take your case?

  • L

    Well, my closing date passed and my lease expires on 6/30. Since I can get homeless, they now considered it a hardship. An advocate is supposed to contact me on Tuesday.

  • Danni

    L: I am so worried now. I just checked where is my refund app and it says my refund date is pushed back for a week to 7/3 due to processing delay. I am so worried. I am scared that they will keep pushing it back and we can’t close in time. I also suspect it might be pushed back because of an error made on tax return. I can’t even sleep at night. Can you please email me? I might need references if your case is resolved. Dannisecret@yahoo.com

  • Danni

    L: I am going to use prospect mortgage as my backup. I feel so much better now knowing I have a plan B.

  • My closing date is June 29. My lender just today requested my 2010 tax transcripts, which, due to a house fire, I just filed on Apr. 17, 2011 via turbotax. However, I should say I THOUGHT I e-filed since, while waiting on my refund, I found out the IRS doesn’t accept e-filing of prior years’ tax returns, so I fed-exed the return to the IRS on June 12, and it was received on June 13. However, in my hurry to get the return to the IRS, I neglected to attach the w-2 form. I NEED my transcript in order to close or I will most likely lose the house, as well the earnest monies I paid. Is there a way to get the IRS to rush my transcripts?

  • L

    Check with the Taxpayer Advocate Service office.

  • Danni

    If you can get TAS to help you. Great. If not. Do you own taxes or refund? L: any updates on yours?

  • L

    My broker is working with 2 lenders at once. Lender #1 said that they cannot accept the documents that we have provided in lieu of the transcript but my broker left our file open with them to see if they accept a letter that my advocate wrote explaining everything with a stamped and signed copy of the report that will be submitted to the Id Theft Unit of the IRS. Lender #2 said that they can approve us regardless by Friday. However, we will have to close in about 1.5 weeks after the underwriting is done and any conditions are cleared. Now it is just a matter of waiting to see if the seller will accept that.

  • Lindsay Dalton

    Hello, It is actually a relief to that there is a forum for this.
    I am under contract to purchase right now and we are extending the closing date. I need my transcripts ASAP from 2010. I filed in 2011 but did not correctly file in 2010. I am due a refund and mailed it in last friday. I have contacted an advocate but not heard back. With an advocate, how long would it take for transcripts to be available? Thanks for your help.

  • L

    In my case, it’ll take 3 weeks :-/

  • Danni

    In my case. TAS didn’t open a case for me and was not helpful at all. I did have a lender who advised me to go to a local TAS office in person. If you have a refund. I am not sure lenders can accept a stamped copy. I know some lenders can accept stamped copy and a cleared check. L: that is good news. 1.5 week will go fast.

  • L

    The TAS was not helpful at all when my case did not seem to be a hardship. I guess that what is actually making them help me now is the fact that we are victims of tax fraud and missed our closing. I also think that the TAS has a reactive way of providing customer service, so if you approach them in a proactive manner, they will probably push you away because there may be cases that have already become hardships.

    It is unfortunate but that is the way that may assistance programs work.

  • L

    Lindsay: Have you already missed your closing date or are you in the verge of missing it? I don’t know in what state you live in, but in the form utilized to draft my purchase agreement, and if you have already shown that you have the ability to obtain financing and are just waiting to clear some conditions, the contract may be unilaterally extended for 7 days.

    In our case, my husband and I were supposed to close on the 12th and automatically our closing date was extended to 19th. In the period of time in between we requested an extension until tomorrow (which we will not make). Since this works as an amendment to the contract, it can be unilaterally extended until next Friday (the 29th) and so on as extensions to the contract are made.

    Dani: Although 1.5 weeks seem good, I depend on the seller wanting to wait them out. We don’t have any guarantees, but are hopeful that things will work out.

  • I checked with TAS, they stated they cannot help me since the filing date was late. They can only help if it is the fault of the IRS which it wasnt. I told her about the house fire but she didnt seem to be very sympathetic.

  • L

    I would keep on calling, honestly. There is going to be someone who will be sympathetic of your situation. It took me like 4 different reps over the phone to get someone to actually help me to open a case in a matter of 2 days, someone contacted me and started helping.

    Have you tried going directly to an IRS office and meet with one of their reps?

  • Danni

    2011 return transcript avaliable today.

    6/8/12 Efiled and own tax
    6/12/12 accepted and wired from my bank
    6/22/12 return transcript avaliable

    Paper filed 2010 at IRS office. Own tax and transcript still by avaliable.

  • L

    Danni: So they are waiting for your 2010 transcript? Is that the only thing that you need to obtain?

  • Danni

    L: my original lender told me 2011 return transcript and 2010 stamped are good enough. So I just emailed them everything. She hasn’t replied me of when can we expect to close. As usual! I hate to follow up with them when they don’t reply me! With my bad experience with my original lender, I am not going to cancel with prospect until we close.

  • L

    Danni: I think that all lenders do that on purpose. It takes multiple emails, missed phone calls, and a couple calls answered for them to provide my husband and me the updates that we need. It’s crazy.

    We are supposed to get an approval today from lender #2. The files have been assigned to an underwriter and from what my broker tells me, that happens once the mortgage has been approved. Then, the underwriter takes over the file and determines the conditions needed for closing. So, based on that statement, I assume that we’ve been approved but no one has been decent enough to update my broker.

    The seller agreed to wait until the end of the month and if we extend the contract, she will ask for more earnest money. Although I am not really willing to pay more, if I have to at least I know that if we successfully close at some point, the money will go towards closing costs…

    This is crazy, and requirements are going to get worse since some big banks got downgraded this week.

  • Danni

    What I hav learned from this experience is that lenders or brokers do matter! I regret so much with working out original lender. Sigh. I just called to follow up and she can’t give me an expected closing date. I asked maybe next week? She said they will try. Seriously, does it take a week to review the return transcript and tax return? And if I didn’t call her, I don’t think I will hear back from her today.

    So the seller extended to the end of this month? That is only one week left. Your broker should have an idea of how soon they can hear back from the underwriter. I absolutely hate this process. It has been eating me alive. My husband and I just want to close at this point even if we need to pay a little extra. It has been emotionally draining us and we can’t enjoy our life till this is over.

  • L

    Imagine how it has been for us! Trying to get this house and on top of trying to resolve our identity theft issues. There have been moments in which we ask ourselves if we want to go through it all because it has been exhausting, mentally and physically. At least you still have time. We missed it and are trying to work things out, hoping for the best.

    Good luck to you!!!

  • Danni

    I know. I can’t imagine what you and your husband go through. TAS should take your cases from frost place. Being identity theft victims are a lot to deal with already. On top of this, and your agent knew your situation from beginning. My husband want to open a bank that lends money to people who have similar situations like us. We have been waiting this house since January. It is a short sale. Good luck to both of us and the people who go through the same. I hope there is a way they change the system. Such a flaw.

  • L

    Danni:

    My husband and I were discussing the same, that we should open a mortgage company to only provide services to people that have gone through the same issues… We were so happy and excited with the “no news = good news” type of attitude and had already decorated and renovated the entire house.

    We started thinking about expanding the family, since we both live in a somewhat small apartment, but now it’s been such a painful process that the excitement of potentially owning a home has died a little bit.

    Everybody says that it will be worth it once we have the keys in our hands, but I wonder if all the crying, sleepless nights, lack of appetite, etc. have been worth it…

    Others try to comfort us saying that if it’s meant to be, it will be, but money doesn’t grow on trees and having paid for earnest money, appraisal, and inspection to let it all fall through, it’s hard.

    As of 6 PM this evening, my husband, my agent, and I tried to contact our broker and she never answered the phone. She just sent an email saying that she didn’t have any news. But it’s aggravating that we have not moved forward with other options with their promise that we would get an approval today… and now we don’t know if we just wasted our time.

    What I do absolutely hate is waiting to know during the weekend, when people have better things to do than to worry about the well being of others.

    May I ask in which state you live?

  • Danni

    L: I can relate the pain you go through. But I am sure your situation is tougher. That is really horrible. Your broker sounds so bad. What about TAS? We’re they helpful? I hate calling to follow up too. But it is the way they are that put us in that situation. I would follow up with your broker and demand an update. Seriously, the worst part is waiting for unknown. Before I picked a back up lender, I couldn’t sleep at night either. No mood to do anything. There are points that I just felt like I am breaking down.

    I live in California. I have a 8 month old daughter. The last year has definitely been the toughest of all. While I was pregnant, my husband had an argument with his parents. Mostly because my in laws are bad mouthing me again, and he was protecting me. We used to live at his parents house since they live mostly out of states. They only come to visit once in a while. We do pay them some rents. So one night, we got kicked out of the house and moved to my parents’ house. A lot of drama since then. So we have been saving up and trying to buy our own place. Never expected to have a problem with the loan. Didn’t know our 2010 tax return was rejected. Didn’t know 2011 tax return is required. Our tax accountant had a stroke before he was going to file it for us.

    I think being a mom completely changed my life. Not all babies are bad sleeper. Unfortunately, mine is. Other than that, she is perfect. I think all the sleepless night all worth it. It is like you are falling in love with the cutest thing ever. Their smile can be your biggest comfort. Living with my parents under a small roof definitely make things hard. There were times I melt down. After all, I learned how to become stronger. You will too.

    I also did told myself. If it doesn’t happen, it is not meant to be. But I would definitely give my 100% efforts. There aren’t much I can do. That is the most frustrating part. But I have researched and tried to find alternative solutions. So if in the end, it doesn’t happen. There is nothing we can do but to accept it. But don’t give up till last minute.

    If your broker doesn’t pick up, write her an email. I definitely encourage you talk to other lenders. Even you don’t apply with them, you can get more knowledge of what options you have in this situation. If some lender can accept your case and close. You can go to your current lender and say XXX can do it. Can you confirm by today. So we can decide if we need to switch lender. Give her some pressure.

    I hate weekend too. Weekends are the longest. Each day goes by slow. Especially since I am a stay at home mom. My mind is always on our house. My daughter needs me and I have to pull myself together to be there for her.

  • Michael

    This will be my first home and we are already pre-approved. I recently put in a bid for a new home and our anticipated closing date won’t be till like Mid-September. A month before the wedding. I am currently already on a payment plan with the Irs from 2009 and 2010. I did a headache move and just efiled my taxes yesterday with turbotax. I did owe money was probally the reason I waited but the Irs said that would just get rolled over to payment plan. I don’t know how underwriting look at this and if they still provide a transcript if you owe money or would it delay the process. My 2009 and 2010 are showing up on the Irs website as transcripts available but I still wind up owing so I might have answer my own question. What you guys think? The reason the long closing date is because rural usda loans are 6-8 weeks back up which I think I should be fine.

  • L

    Danni: Oh, I absolutely believe that sleepless nights for your baby are definitely worth it. For the process of buying a house, ehh, hard to think so…

    Michael: I think that my neighbor went through that recently. The underwriter saw the liability and inquired about their payment plan. At the moment they had paid everything. I think that, in some conditions, a condition to clear is to Paul any debt. Is your lender aware of this? Maybe they can help you to determine what to do so that there are no surprises right before closing. Good luck!

  • Michael

    I have a couple of friends in the mortgage industry and they told me underwriting doesn’t care if you owe taxes because that’s between you and the IRS. They told me the most important thing is that you file your recent tax returns in which I believe you still get a transcript if owe taxes. I don’t know how much of this is true so your input is appreciated

  • Russ

    I’ve just learned the news that my 2011 tax transcript isn’t available from my lender when they tried to pull it from the IRS. I paper filed on April 13th, IRS received my return on April 17th and our check was cashed on April 21st. Now I’ve got a Tax Advocate who I sent my return to again who said “she will get it walked through” to the service center. Funny thing is, both she and IRS customer service at their 1-800 1040 phone number said it looks like they lost my return. Can this be possible, or, are they just not able to see the return until it comes out of the service center? When I check my account transcript on the IRS website, it says I will have it in 5-10 days, when I check for my return transcript, it says “A transcript is not available for the year you have requested.” My rate lock goes till July 18th. Am I going to make this in time? Thanks for all the information and help so far.

  • L

    Russ: When are you supposed to close? From what the IRS told me, tax returns are processed within 8 weeks, so if they received your payment around the 21st, they would’ve processed it the 16th. However, since your return included a payment, it may have been processed even later because returns with payments are not a priority for the IRS, as they want to process refunds with interest first to avoid paying interest later.

    If you had left the normal course of events flow, I think that probably by next week you would’ve gotten your transcript. I believe that by sending them again, you will have to wait whatever amount of time it takes the IRS to process the returns.

    Has your lender started the underwriting process? I have found many websites stating that if underwriting started before June 15th, they can utilize a copy of your 2011 return (stamped, I believe) plus a transcript of 2010. This assumes that the regular taxpayer will be wait until last minute (tax deadline) to send his / her tax return and by June 15th they won’t be processed.

    I would suggest you to be prepared and obtain a formal, written statement from your advocate explaining what happened, especially the part where they believe that your returns are lost.

    As for the availability of the account transcript, it will only show that a payment was received but it will show a “No Return on File” message. I was told that the IRS sends the payment to a certain place and the return to another, so for the lender it does not really mean that much that your payment was received because they don’t go together…

    I believe that since you do not have any other problems delaying your return (e.g. tax fraud), once it’s processed you’ll be good to go, so for the moment I believe that you won’t miss it…

    As I said, just in case, obtain as much information as you can take from the advocate and the IRS. Your lender may also engage in a 3-way call with you and the IRS to hear what happened directly from them.

    Good luck!

  • L

    Michael:

    I guess that it really depends on the lender and its underwriter. Some people have told me that it depends on the amount that it’s owed and the effect that it may have on your debt-to-income ratio. If it is too high, they may take into consideration the amount of the payment plan that you have to pay per month, as if it was another liability such as a car loan, credit cards, etc. I think that you may also need to have enough evidence at hand to show them that you have been paying on time…

  • Danni

    L: How is ur loan? Any updates?

  • Michael

    I am still waiting on response for an apraiser to look at this home to see if it’s worth going toward. Which is good bc it buys me time because I just did tax return on June 23rd. I requested a return transcript just to see how it would look and the IRS did an adjustment sometime late last year on my tax return because I forgot to input my unemployment compensation for 2010. The transcript did not show this adjustment so what do I need to do just give underwriters my other job w-2 and not my unemployment w-2. ?

  • Michael

    Ok just glance at my account transcript vs my return transcript and the account showed the adjustment that the IRS made, does underwriting normally order both as just the return wouldnt do me any good since I had a adjustment r and on a payment t plan

  • L

    Danni: We had to let the contract expire and lose our earnest money. The seller wanted 2x the earnest and we didn’t bother offering less since she had already expressed her intentions of extending 1 more week for that amount. We were approved and the UW was still clearing conditions so we didn’t take the risk of doubling and extending and then not closing. Now we’ll wait and see if they hadn’t received any offers and we get a clear to close, if they want to go on with us… Disappointing… I’ve been crying since yesterday.

  • L

    Michael: I think that they only care about the return transcripts. In my case they had the account transcripts but didn’t let me close because they didn’t get the return transcripts… :-/

  • Michael

    My return transcript would be missing a source of income when I hand them my w-2. The account actually has the adjustment and show my adjusted gross income with both included

  • L

    I’ve come to the conclusion that when the UW wants to make live miserable, he / she will, so you’ll just have to wait and see what they ask… We were told by the lender that the UW had everything that they needed and still are submitting conditions to us. I’ve lost faith in lending. Too much paranoia is messing with those who are willing and able to pay for a house just because of a couple of technicalities.

  • Danni

    L: I can’t believe it!! That is sad. What else does your underwriter want? What if you offer the seller to rent the house till your loan closes? I think you made the right decision of not risking more money if they can’t extend longer. The UW won’t clear your file unless you have an extension with the seller. So sad. Did TAS was able to help you at all? Just feel wrong about your case. You suffer a lot being an identity theft already. Really wish there is something that we can do.

  • L

    Danni:

    My agent gave us the option to let the contract expire and reinstate the contract once we’re cleared, so I guess that underwriter will continue working either way. I don’t think that she would have given us the option if it could not be done.

    We think that we will get the clear to close this week but that’s another risk that we’re taking. She went on vacations for two weeks since Friday and it all depends if she really wants to sell her house. I mean, the house had been sitting for over 8 months waiting for someone look at it and the day that we wanted to make an offer, someone made an offer… weird. If she were to find someone who decides to pay cash, she’ll be good. But if she finds someone who doesn’t, she will probably need to wait a month or so in allowing them to complete the contingencies and get approved; unless that person decides to withdraw them…

    My husband and I have been very interested in the house because the price and its finished basement. We were thinking about the money that we were saving to make much needed improvements in the bathroom and the kitchen. Based on aesthetics, we would have chosen another house. So, unless the persons who look for a house in that subdivision really really want a basement, they will buy something else. There are like 4 houses in the same subdivision at a much lower price than that one that look even better but do not have a basement.

    Everybody keeps telling us that maybe it’s not meant to be and that God is keeping us from something that may not be good for us, so that’s the way that we’re trying to think now. Also, oddly enough, even with our loss, we feel as if a thousand pounds were lifted off our shoulders. We’re not pressured anymore.

    And what about you, Danni? Were you able to close?

  • L

    Danni:

    I forgot to say, my husband and I thought about the possibility of renting the house but we are renting an apartment right now. We have to give a 30-days notice to leave the apartment that is 2x our current rent –which is almost like a mortgage payment– plus the prorated rent amount at the time of leaving. We cannot keep giving our savings away :).

  • Danni

    L: I do too believe everything happens for a reason. If it really doesn’t work out in the end. I think it is for better. We submitted our tax transcript again on Tuesday. Since our lender was asking W2 transcript and FORMAL return transcript. They sent is redisclosure to sign on Wednesday. Now we are waiting for the loan doc, which they told us should be out by Monday. I think our lender is super slow. Our back up loan is almost ready. 2010 return transcript filed by paper is processed and return transcript is avaliable last Friday. But I guess they no longer need it.

  • L

    Danni,

    We don’t even know what to think anymore about the lending business. Lenders have the greatest sales pitch ever when they want your business but at the end they just push you away to cover their backs.

    In our situation, the tax fraud is the cause and the effect is not having the transcript. They should be able to work around the “not having a transcript” issue instead of an “identity theft issue.” We have shown that we have a financial stability and stable jobs to keep our income coming, so it is really baffling us why this has to be so difficult.

    And the seller, how dare you be picky when your house has been on the market for so long and no one wanted it?

    Again, even after all these happened and after all my crying during the weekend, I feel kind of relieved…

    I hope that your situation works out. When does your contract expire?

  • Danni

    Michael: Do you mean your 2010 account transcript shows an adjustment of your unemployment compensation? The return transcript doesn’t? Usually the lender pulls return transcript and W2 and Income transcript. I don’t think you need to worry about 2010. Do you still own taxes for 2010? When they pull out your W2 and income statement. They will see that you had unemployment compensation. Are you salaried? They just use your return transcript to verify your income and see if you had any unreimbursed business expense. What you can do is have your account transcript ready. And if they need it. You can provide it to them right away.

  • Danni

    L: I do feel that way too about lenders. But from all the lenders I talk to. I think some are very proactive and some are not. Some are smart and some are not. Some are experienced and knowledgeable while some aren’t. While I was searching for back up lenders. There are brokers who told me to call them back on Monday for my answer. That is just a bad sign. There was one broker who managed to talk to an underwriter about my case over the weekend. He actually had the underwriter look over my files on the weekend and told me they can or can not do it with all my documentation.

    The seller doesn’t sound logical of the the options she is offering. I don’t know what she is thinking. But if no one wants her house with cash. She should consider your offer unless she doesn’t wanna sell her house.

    Mine is a short sale. Our extension expires 7/20. So we should be fine.

  • L

    Danni,

    Yes, there are prettier houses in the same subdivision that are being sold for much less. What kept us from wanting those other houses is that the other don’t have a basement and this one does.

    Unless there is someone as picky as my husband and I are, they will probably want the other houses.

    If she wants to sell the house, she just has to have patience.

  • Michael

    During the course of 2010 i was unemployed and I was hourly, I am currently salary right now with commission but this is as of April 2011. My account transcript shows the adjustment to my income because when I had filed taxes my w2 came to a different address so I forgot all bout it. Yes I am on a payment plan from taht year of 2010 which shows payment plan. I am worried that when they pull my return trascript they will wonder why my unemployment is not on there which shows on the account transcript

  • Danni

    If they question, you can show them the account transcript where IRS made the adjustment it is same thing as if you filed an amendment. The return tax transcript just shows how you filed tax return originally. As long as your income qualifies, you are fine. Since you have new job, they might need 2011 transcript. If you filed electronically. It should be avaliable on the 2nd Friday after it is being accepted.

  • alicia rodriguez

    please delete my e-mail from the site. I need to unsubscribe to this site. thanks.

  • D Fahey

    Danni – So you filed your 2010 on paper 6/8 and the transcript was available on 6/29? And you efiled 2011 and it was available 6/22? I am in the same boat and filed both on 6/26. So I’m hoping 2011 might be available tomorrow and 2010 maybe in 2 more weeks… Thanks in advance.

  • Danni

    Fahey, here is my timeline
    2010 paper filed @ local IRS
    Filed: Thursday 6/7
    Payment cashed: Monday 6/11
    Return transcript: Friday 6/29

    2011 Efiled Friday 6/8
    Payment wired: Tuesday 6/12
    Return Transcript: Friday 6/22

    Hopefully it helps. Good luck!

  • D Fahey

    Thanks Danni. Good to hear from someone with the exact same situation, and recent. I would love to tell my lender tomorrow that my 2011 are available now and that 2010 might only be another week.

    You did not need to work with a Taxpayer advocate, just normal processing? Thanks again.

  • L

    I am really surprised that this is an issue that can make or break the ability of purchasing a home… My realtor said that this is uncommon, but I can see that it’s not.

    Maybe my agent hasn’t sold that many houses…

  • John

    Keane et all, I don’t know if I’ll get my transcripts anytime soon but I just wanted to thank ALL of you. I was pretty much hopeless after I found out that I needed the previous years transcripts. I’ve never had to pay and thus have always been laxed about my taxes..penalties..WHAT penalties..now I know. I’m definitely feeling the heat because I had to pay due to being married and what not. I only wish my LO went over this with me. It was just by chance that he had mention..”we’re good on everything, just waiting on IRS transcripts”..that I decided to google and realized..I’m almost screwed…and we’ll lose the house of our dream. Thanks so much all, as I’ve read through all the posts and I’ve used that knowledge to I file the most efficient way for this years and previous years taxes. Hopefully I’ll receive the transcripts in the upcoming weeks. Thanks all.

    Keane, you did a great job. Please don’t take this page down. Trust me, there are more out there who’ll find this page and be grateful. You’ve done a great job and like one poster said, you’ve earned my commission easily.

    Regards,

  • John,

    Thanks! It’s amazing how a small change to our industry impacts so many homeowners. I’m glad this post and the readers contributions have been able to help you.

  • Danielle

    I have been on a merry go round for the past few weeks with mortgage lender and IRS. Filed amendment for tax years 2009, 2010 & 2011. All were processed to the fullest today. Mortgage lender demands the RETURN TRANSCRIPT has to show the amendments that were made to tax years 2010 & 2011. Spent the morning at the actual IRS office to hear them repeatedly say none of the transcripts show the amendments that were made,, spent the afternoon being called pretty much stupid by lender saying to wait because return transcript will be updated. …….We cannot get pre approval and she refuses to talk to UW. …Anyone else gone or going through this?

  • L

    Danielle,

    Will the show up in the Account Transcript instead?

    Tax Account Transcript
    A tax account transcript shows any payments and any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

  • Danielle

    Yes and my lender will not accept the account transcript. She keeps saying that in order for underwriting to not kick everything back she needs either the return transcript or the record of account which has most of the line items from the tax return listed and it needs to reflect the changes made on the amended return. I have spoke with numerous people from the IRS and they repeatedly tell me that the return transcript and the record of account will keep all the information from the original return and will not reflect the changes made from the amendments. I figured that anyone with a brain could see based on the account transcript that the numbers have changed and could easily look at the amended return and see where the changes were made. I’m sick of the run around. I just wish that our lender would get off her high horse and listen instead of cutting me off mid explanation. I’m at a loss!

  • L

    Danielle,

    Will the lender be willing to engage in a 3-way call with the IRS so that they can convey that information to him / her? I believe that some mortgage professionals may need to take some IRS training before coming up with these requirements. They need to be aware that the IRS has their own policies and procedures and cannot make things happen just because the underwriter wants to.

    Based on how many problems these transcripts cause, banks should start considering validating this information differently. In my situation, not having the transcript due to an ID theft issue deprived me from closing.

  • Danielle

    No she’s not willing. I guess my question for all of this is – Does any transcript (account transcript, return transcript or record of account) reflect ALL of the changes that were made to an amended return? We removed all itemized deductions. If so, how long will this take to update after it has been fully processed?

  • L

    Danielle,

    That may be a question to ask a Taxpayer Advocate. Did you already find the house that you’re buying or are you only getting pre-approved to start / keep on house hunting?

    If you already found a home and are under contract, this may be considered a hardship (it really depends on the IRS rep that takes your call) and they could pull strings on the IRS or provide you with additional information.

  • Danielle

    How do I contact a taxpayer advocate? We’ve been talking to the IRS directly through phone and our local Houston office. Our realtor wants us to have pre-approval before we start looking so we know exactly what our maximum price is and do not have to be house poor. We are going FHA for our loan, lender says all paperwork should be in folder before she sends to UW. She claims she was waiting on an amended return beginning of this year, 2011, and the line items did change. She thinks the IRS may have made a policy change sometime after that no longer updates these line items. So she said we may have to wait until 2012 taxes have been filed before we can be pre-approved. I am so lost. I just want one answer, and no one can give that. It’s been an exhausting 4 months. We are wondering if we should just give up on the American Dream. So depressing!

  • L

    Danielle,

    Not too sure if the Taxpayer Advocate will consider your situation a hardship (it really depends on who you talk to) but it’s worth a try:

    1-877-777-4778.

  • Michelle

    I am basically giong through the same thing as Danielle. I have not yet filed 2011, and therefore need a 2009 and 2010 transcript for my loan. Because I filed 2009 late, the IRS had come up with their own return. So the return I filed, which they have accepted and processed, is seen as an amended return. Apparently there will never be a tax transcript of my return, which seems crazy to me. The IRS has sent the bank their copy of my return, and a transcrip of account. But the bank says that isn’t enough. Obviously they should be able to see that the tax return I gave them was authentic. This is the last thing I need to close! I am a single Mom and my 2 kids and I have been living with my Mom. We are basically going to be homeless all because I can not get a from from the IRS. I do have an advocate, but he is telling me they irs transcript can’t be produced. Any advice?

  • Michelle

    Danielle,

    One reason I was told I was able to get an advocate was because I will lose $$ if this falls through- I have already put down earnest money and paid for a home and radon inspection. Another thing that I found helpful was to get the advocate through my Congressman’s office- they have people who work with the advocate’s. But unfortunately, you may end up being in the same boat as me- the advocate still can’t help. I have put in a call to the advocate to see if he could possibly get a tax transcript produced, and will also call the congressman’s office to ask them. But as of right now, I think the answer is no. It just seems crazy that if you are going to need a tax transcript for the bank with no exceptions, the IRS doesn’t produce one for every single tax return they accept!!

  • Michael

    I just wanted to give you guys an updated : efiled on 6/25/2012 2011 tax returns, just checked online and the return transcript is done. I spoke with the IRS and I will be receiving an record of account for 2010 due to the fact I had an adjustment made from the IRS and me still being on payment plan. It was due to to my understanding that my 2010 return transcript won’t have any adjustments made so the record of account should be fine since that is a combination of my return and account transcript. I wanted to get all of these things before underwriting gets a hold of it

  • John

    FIRST AND FOREMOST ANYONE READING AFTER THIS…DO NOT PAY ANY ATTENTION TO WHAT THE IRS and even some of the TAS folks.. TELL YOU. These people are misinformed and the majority, for the most part, don’t want to do any more than what is literally written on their job description. The generic 6-8 weeks is B.S. They just don’t want to take the extra effort to do their job better. Here’s some bit of advice for anyone who wants to listen..

    1) DO NOT go to your local TAS as they will NOT see you. You have to have a case # and from there, will get assigned an agent (1-4 days).

    2) To get a case and agent, call the 1-877-777-4778, wait and make sure you talk to a live person. HAVE THEM CREATE A CASE!! Because it’s “hardship” base, don’t just explain that you need your transcripts in a hurry. Let them know, detail to them, I’ve put money down, earnest money, inspections, you’re lease is out the same day/week the closing is to occur. You’ve lost tens of thousands and will lose more..ie hardship. Embellish as MUCH as possible!!! I can’t reiterate that enough.

    3) Once you are contacted by an agent who you can work with..NOW, FAX OVER YOUR RETURN TO THEM. THEY CAN DO A WALK THROUGH WHICH WILL PUT THE INFORMATION INTO THE SYSTEM W/IN THE HOUR PER THE REP. It may still take up to 2 weeks after that before you get your transcripts but it’s faster than sending it in and waiting. Chances are, the 2 weeks is a generic answer as well.

    Hopefully this will help out other people in the same predicament in the future.

    Just a bit of additional advice…BE AS CORDIAL AND POLITE AS POSSIBLE WITH THE TAS FOLKS..not to be mean but, they aren’t too far removed from being just like the IRS people..only doing what’s asked of them and NOTHING more. NO MATTER HOW FRUSTRATED, STAY CALM, RESPECTFUL AND CORDIAL.

    In my case, I didn’t get a chance to use the TAS…

    Since I filed my late return on the 4th of July (e-filed 2011) and paper filed 2010 (AT the local office July 6th). Both payments were made that day. I could possibly delay it even more if I send in my returns.

    BECAUSE the timeline seems to be right with what everyone has experienced, I will NOT use TAS for my 2010 as it may take even longer per the REP. I’m not sure if the rep was even correct. As of now, my 2011 Transcripts are ready, not my 2010’s. It’s a moot point as my lender needs both. I’ll simply keep checking until 2010 shows up. Because I don’t trust anything these government officials have to say, I will go with everyone’s timelines and wait for 2010. It should be here w/in the next week. So far, EVERYONE except the government workers knows how the system works. The sad thing is it’s not that they don’t know, they just don’t want to do more than they feel is necessary for their job.

    GOOD LUCK ALL…once again..THANK YOU KEANE!!!

  • Mary

    We are in the process of purchasing a home. Offer has been accepted and will be going into escrow this week. My concern is that I just realized we did not file 2010 tax return.
    Is this a cause for panic? What should we do?

  • Mary

    We are in the process of purchasing a home. Offer has been accepted and will be going into escrow this week. My concern is that I just realized we did not file 2010 tax return.
    Is this a cause for panic? What should we do?

  • Mary,

    It depends on the type of loan. If you’re doing a conventional loan, there’s a chance the lender will only need 2011 returns.

  • Danielle

    Keane, once amended returns have been processed, how long does it take for updated transcripts to be available?

  • Mary

    Keane,
    We are going to do FHA, will it be a problem then?
    Thank you for your fast response.

  • L

    Mary,

    I also applied for a FHA loan. It really depends on the policies and procedures of the lender. In my case, my mortgage broker had selected a lender that did not accept any document in lieu of the transcript. The underwriter just wanted the transcript and did not give us a clear to close although he had already given us a conditional approval. Our file was sent to a second lender who accepted waving the 2011 transcript and using 2009 and 2010 instead.

    In my situation, my husband and I were victims of tax fraud and the transcripts were not available although we had evidence that we filed on time and covered our liability.

    I don’t know how will it work out for you based on that you just forgot to file. You should ask lenders about it and go with someone who can work with a situation like yours.

    How long is your mortgage contingency period?

  • John

    Mary,

    I’d suggest you do your 2010 tax and get a case open with TAS. They can have your tax walked through and get you your transcripts in a couple of weeks per my conversation with TAS. As I stated in my post above, make sure to let them know of all the hardships you may or am facing. If not, you’ll have to do like the rest and wait patiently. At the moment, turnaround time for anything that isn’t e-filed is about 1 month. Worst case, just push back your closing 45 days and you should be alrite.

  • Fatima

    We are working with someone who is buying our home. She needed to amend her 2010 taxes. She was owed money and got her refund on May 10,2012. We are still waiting for updated tax transcripts. Will it be reflected on the tax transcripts and how much longer should we wait for it to update? Any other suggestions of what we can do. Her lender will only accept a tax transcript
    thanks

  • Fatima,

    At this point, there isn’t much you can do. I know which scenarios lenders will typically allow stamped returns or something else to move forward but 2-year old amended returns is a hard one to get an exception on. However, if she received her refund on May 10th, it should be any day now. It sounds like the IRS only updates every Friday.

  • David

    Keane and All,
    The service providers that the industry uses to obtain a return transcript – Is their access point updated by the IRS more often then what taxpayers experience on the IRS website (updated weekly on Fridays?)?
    Thank you All for this blog,
    David

  • L

    Danni! My husband and I were able to close yesterday!!! Yay!!! Sometimes escalating situations to the lenders’ higher management can make things move. It helped us.

  • Fatima

    So we found out the amendment has finally been processed, even though the refund was given back in May. Now they are saying max two weeks for it to update with the IRS. Anyone know if takes longer than that or less time than that?

    thanks!

  • Lenny

    Brandon,

    I’m having the same problem, I need to close on the 1st of August 2012 and the lender just tells me today that the transcripts don’t match, I had rental property which I didn’t report due to misunderstanding the instructions while deployed in Iraq last year (claimed losses only), I can show proof of the income with lease agreement and payments being received but, the lenders wants it from the taxes transcript. Can I take the 1040X to local IRS office have it stamped as received and submitted, provide the proof of new schedule E– will this be enough for the lender? I also will be homeless in a few days. Need help ASAP!

  • lenny

    Keane ng

    The question I asked was for you not brandon. Sorry

  • David,

    The lenders have their own 3rd party services but our experience is they are only updated once a week as well.

  • Lenny,

    It’s rare that an underwriter will accept stamped/amended returns but its worth a shot. Ask the lender if they’ll accept these. See if you can get another 3rd party to assist such as a CPA. A letter stating you self-prepared the first return and a CPA fixed the amended return would make an underwriter much more comfortable with the amended return prior to transcripts.

  • lenny

    Keane,

    The underwriter accepted the stamp transcripts however they can’t sell the loan to a major bank because the banks required the TRV with the adjusted income on it in order to buy the loan… I couldn’t close. I got a hold of the TAS(thanks) they are trying to help but it will be 4-6 weeks before a new TRV is ready. Lesson learned, go to a major bank for a loan and stay away from lenders who sell your loan, the banks have more power to make exceptions and calls on your issues. I know of to other people with the same issue and got approved and closed with a stamp copy of a 1040x amendment they both went through a big bank.. I have 18 yrs in the military and can’t understand why it would take 4-6 weeks with the help of an advocate to get a new transcript from the IRS with a simple adjustment. I have help win wars in less time.

    Lenny

  • Lenny,

    It’s not necessarily the big banks. The key is that the lender is a direct reseller to the Fannie Mae/Freddie Mac/GNMA agencies, which some direct lenders and banks are. Most of the good luck people have had here are from private mortgage banks.

  • Britton

    I’ve been trying to purchase my first home for over 90 days now. I’ve had to amend my 2011 taxes. I owe $1200, and have set up a payment plan with the IRS. The purchasing process is in underwriting, and they are saying they need a copy of my amended tax return transcripts. When I spoke with someone at the IRS, they made it seem like this type of official transcript isn’t possible for me to get. I filed my amended return on 7/3/12. Is this something that I will be able to acquire for the bank? And, If so how long does it take? I’ve gotten a copy of my 2011 transcript showing that they are processing the amendment, but this isn’t enough for the bank. I don’t know what I can do to try to hurry the process. HELP!!!!!

  • Britton,

    You can get a transcript of the amended returns but it takes a few weeks for the IRS to process. If you filed the amendment in early July, it should be available anytime now. From the readers who’ve read this blog and talked about their issues, the transcripts should be updating in their system every Friday.

  • Jeff

    Keane et al…

    31Aug2012 – 45 day Escrow opened on FHA loan with Direct Lender
    07Sep2012 – Overnighted late 2010 return (Standard 1040, W2, Did not owe money)
    08Sep2012 – Found this blog (read every page of the comments)
    15Oct2012 – Escrow closes (hopefully)

    I am scared, scared, scared. I will be visiting my local TAS office and local IRS office Monday 10Sep2012 morning. I will be nice and cordial and polite. I will do whatever I can do make this go through. Hopefully my overnighting the returns to the IRS office doesn’t screw with my chances at an expedited filing with TAS or at a local office.

    Question 1: Anyone have knowledge/experience/suggestions with overnighting returns vs filing locally at an office or with a TAS rep?

    Question 2: Over the phone (800-429-1040) the agent said I was eligible to e-file my 2010 returns. Turbotax, nor priortax.com, nor H&R Block, nor local tax professional is able to e-file prior returns. Anyone know of any software/outfit that performs this service?

    The last resort is to try and prove a hardship. My earnest money and escrow costs are currently $8,500 out of pocket and I will not have a place to live 01Nov2012 if this falls through. I hope that proves as a hardship to expedite this resolution to a mistake I made a over a year ago.

    BTW… Great site Keane – provides knowledge and hope when I am feeling 100% powerless.

    Good luck to everyone. I will update with times and steps taken.

    Jeff

  • Jeff,

    Here’s a tip I learned. If the IRS hasn’t received or filed the returns, you can e-file them to process faster even if they’re on their way in. I think CPA’s must send in the returns via an e-file, which may allow you to send in.

    I hope that helps. With your filing on it’s way in, I’m not sure what more you can do other than pray and hope everything works out.

  • chris

    Yes I was just approved for a loan and my broker is tellin me the bank will order my 2010-11 amended transcipts. The house is to close in three weeks and I’ve just sent the amended taxes to the irs. Is there anything I can do to get them asap?

  • Chris,

    How were the amended returns filed? If you filed by getting them stamped at your local IRS office, I would send the stamped returns to the lender to see if they’ll accept them in place of the transcripts. If e-filed, you may have to wait.

  • Jeff

    Update to post on September 8, 2012 at 12:00 pm.

    31Aug2012 – 45 day Escrow opened on FHA loan with Direct Lender
    07Sep2012 – Overnighted late 2010 return (Standard 1040, W2, Did not owe money)
    08Sep2012 – Found this blog (read every page of the comments)
    12Sep2012 – USPS signed receipt of “Overnight” Package
    13Sep2012 – IRS stated that they received 2010 filing
    14Sep2012 – Called IRS for the 5th day in a row and had Agent file form 911 – this was a mistake
    18Sep2012 – Called IRS to follow up on form 911 – no status
    21Sep2012 – Called IRS to follow up on form 911 – no status
    24Sep2012 – Went into local IRS office and found out my form 911 was rejected
    27Sep2012 – Called IRS to request Transcripts – not available
    28Sep2012 – Called IRS to request Transcripts – IT WAS AVAILABLE!!!!
    15Oct2012 – Escrow closes (most likely)

    Here is what I can recommend based on my experience:

    Again, my situation was a missing 2010 return in 2012.

    1. Request Income Transcripts (to confirm your income on your 1040 is correct) & File with a local Office or Call a local CPA/Tax Accountant and ask if they use Thompson/Reuters to efile. This system is able to efile back taxes if you’re eligible.
    2. File a form 911 IN PERSON at the TAS (taxpayer advocacy service) or local IRS office
    3. Call the IRS everyday and be 100% polite and humble and apologetic and scared and powerless. I think they really enjoyed the powerless part.
    4. Offer to provide your Income transcripts (That have to match your 1040), your 1040, and your proof of filing your 1040 in lieu of your transcripts. Your lender may agree to this.
    5. Call other lenders and describe the situation. I had one lender offer to close with items described in #4 … with a .625% fee
    6. Stay on the IRS (described in #3). I really think this helped. Request a manager return your call in 5 business days… request this VERY NICELY.

    Whether is was luck or persistence, my Transcripts were available in 12 business days / 16 calendar days. Stay positive, stay polite, and call for updates everyday.

    Good luck to all. And thanks to all for their info and posts.

  • Cesar N.

    We closed on our house last week and our lender called yesterday asking for the trascripts; why are they asking for them after closing? what could happen if we don’t provide them?

  • Jason

    A buyer of my home was unable to close due to identity theft. The lender required a stamped copy of his tax returns from the IRS alng with some sort of a letter? The buyer went to te local office and received the stamped IRS return, but the IRS said it could take 10 days for the letter??? Anyone experience this or have any idea on a time frame? I’m siting to close on a new home but can’t until my home is sold.

  • First I’ve heard of this. Please let us know what the results are!

  • Lee

    My husband and I were unable to close 3 times due to issues with our transcripts because of identity theft. The IRS itself never worked. At the time, missing the closing date, along with the earnest money and the possibility of becoming homeless (we were renting), was considered a hardship and we opened a case with the IRS Taxpayer Advocate Service. It took almost two weeks for them to clarify our identity theft issue but as soon as I met with the advocate IN PERSON, he stamped and initialed my tax return and provided me with a letter explaining all my case; I received all Yeh deliverables that your buyer needs the same day and faxed them to my lender right away. Unfortunately, I was working with a broker and it was a hit/miss situation, and the lender that they originally worked with only wanted the transcript, nothing else. Therefore, I would suggest your buyer to contact the TAS office right away and ask for whoever opens the case to expedite it as it usually takes the advocate a week or so to get assigned the case. Be mindful that once your buyer starts working with the TAS, he/she cannot go back to the IRS for follow up as the IRS and the TAS work independently of each other. Also, whatever your buyer has provided to the IRS, including the affidavit, he/she will have to provide to the TAS as well. In my case, the TAS service proved to be very efficient and if it had nor be for tje lender, with your buyer’s requirement, I would’ve closed the same day that I received the letter.

    I hope that your buyer is working with a direct lender because if it’s a broker they mat just be improvising as to what the lender and its investors may want.

    Good luck!

  • Shane

    Jeff,
    How did you verify that your returns were received? I just overnighted my 2010 & 2011 returns yesterday and I just reached an accepted offer on a home I want to buy on Tuesday. I also don’t owe anything and expect a small return, but I’m really hoping to get the transcripts in time for closing which at this time is set for the end of January. It’s my own fault for procrastinating but was just seeking some advice.

    Thanks

  • camster

    I read this article and was totally freaked out being under contract and having just filed my 2011 taxes. My taxes were rejected and I didn’t know until I got a letter from the IRS in December letting me know I didn’t file. My loan is set to close on January 30. After sending my loan officer several frantic emails over the weekend, contacting the Tax Advocate Service and my Senator and Congressman in hopes they could expedite my tax return processing, my loan officer called me today and said they don’t ask for tax transcripts until after the loan closes and only if it is pulled up for audit. I’m getting my conventional loan from a credit union. Be sure to contact your loan officer to make tax transcripts are needed.

  • Camster,

    I would be worried. Most conventional loans at credit unions are sold to Fannie Mae and Fannie Mae is clear they need the transcripts for approval, not post-closing.

  • camster65

    I understand that most credit unions do sell their loans, but I don’t think mine does. I believe I signed a form that said they would not sell my loan and they service it in-house. I hope my loan officer is not mistaken. That would be tragic.

  • camster65

    Found this on the web. Navy Federal Credit Union services mortgages for the life of the loan. They do not sell member mortgages to other banks or companies. The credit union offers many different programs for veterans and first-time buyers.

  • Cam,

    They’re referring to the servicing. Servicing is who you make your payments to, not the investor. If the investor backing the loan is Fannie Mae, then the lender must adhere to their guides. Most credit unions are Fannie Mae lenders.

  • camster

    I thought I would give an update I sent my tax return by mail January 3 with payment. Check cashed January 7. Cleared to close without lender pulling transcript January 23. Closed January 30 with transcript still unavailable. Checked this morning and it IS available which makes me feel better since they may pull it during the audit phase.

  • Andy

    This is really good info on here and I am in the same boat as many of you so I figured I would add my info to help others with a timeline. We were scheduled to close on 2/18 but due to the fiscal cliff b.s. we weren’t able to file until 2/15. I am self employed and depreciation form 4562 was not available to file until then. So I e-filed and payed my taxes in full(it seems like that speeds up the process). The money was withdrawn from my account on 2/20 and I wait for my transcripts to be available. I will update when they become available.

  • Andy

    my account transcripts were available yesterday, hadn’t checked before then but as of yesterday they were available. Waiting on return transcripts now!

  • Ron

    Keane, Someone, Anyone… I am DESPERATE!!!

    02/04/13 – eFiled taxes w/ TurboTax ( owed money – set up auto pay for April 10th 2013 )
    02/06/13 – Accepted by IRS
    02/07/13 – Pre-Approved for loan with Broker/Franklin American
    02/08/13 – Put offer on home ( Bank Owned Foreclosure )

    02/25/13 – I have satisfied EVERYTHING that I was asked for and contacted broker to see if we could make the closing date sooner, when….. I was informed that the 2013 Tax Transcripts might hold us up! What was that? Come again… Trans-What?
    Ok… How many days are we looking at? THEN I WAS TOLD IT MIGHT BE AS LATE AS JUNE!

    03/15/13 – Scheduled closing date
    04/01/13 – Must vacate current residence

    I am relying on my current 2012 tax return to qualify for this mortgage. ( Can’t do it w/2010 & 2011 )

    I must obtain stamped, dated transcripts to close on 03/15/13

    Can someone please explain if this can be done and who I should contact, how I can do it!

    My family of 4 will soon be homeless because no one informed me about TRANSCRIPTS! – WTFudge…

    PLEASE HELP…

    -Ron

  • Andy

    Hi Ron,

    I can only go by what I have read and I have read this blog probably 3 times from start to finish. I was supposed to close on 2/18 but I wasn’t even able to file until 2/15 and like you, need my 2012 taxes to qualify for my mortgage. One thing that seems very consistent on this blog is that you have to pay your balance due for your returns to be processed quickly. The reason is that returns with a refund take precedence this time of year because the IRS is charged penalties and interest if they don’t get the refunds out in a certain time-frame. I filed my returns 11 days after you and paid my balance. My account transcript is available already and I’m hoping my return transcript follows closely behind it. It seems like that is the trend on this blog. I would be very leery of anything the IRS agents tell you. You will get different answers to the same questions depending on who you talk to. I would say, just from reading on here, that if you can pay your balance now it would make your transcripts available quicker. Check and see if your account transcripts are available. That should give you a good indication as to whether paying helps or not. The IRS will tell you it does not matter. I don’t believe that based on what I have read here and if you have to pay anyway, you might as well just pay now and hope it goes quicker. I hope this helps.

    Andy

    Here is the link to check on your transcripts….
    https://sa1.www4.irs.gov/irfof-tra/start.do

  • Andy

    Ron,
    Sorry, I just read that your bank will take stamped returns. You can go to the IRS office and they should accept and stamp your returns right there. The only issue is that, I believe they will basically make you re-file and it will slow down how quickly they are available electronically. That won’t matter to you as long as they will accept them,so make sure that your broker is correct when they tell you that the underwriter will accept the stamped return. If you get them and the underwriter says no, that will set you back another few weeks. Mine will not. Some others on this blog were not able to use stamped returns but most were not.

  • Ron

    Update!

    I have been to the local federal building twice over the last few days…
    1st trip I made contact with someone in the taxpayer advocate service.
    I pleaded with them to help and explained everything that was going on and also mentioned the fact that I would be without a residence if this deal did not go thru. I was told that a case would be started and that I should call back in 3 days to speak with the person assigned to the case. She asked me to show proof of the following:
    Proof that the deal depended on the transcripts
    Proof that I was under contract and the closing date was march 15th
    Proof that my residence would no longer be available after April 1st

    I was supposed to wait 3 days and call back to get the info on where to fax these documents.
    I got them and headed back downtown in two days to deliver them in person.
    I was told the person was not in today but my envelope would be placed in their box and I got this persons direct line.

    Then on the 3rd day at 7:30am I received a call from this wonderful person.
    She mentioned to me that after looking into this she saw that my returns were being processed in the system and scheduled to be ready the following week. She mentioned that she would call me back on Tuesday.

    It looks like my taxes were being processed all along and the pushed to the wayside info I got from one if the officials was incorrect.
    I’m keeping my fingers crossed and will report back after Tuesday.

    If everything goes thru this will be what happened in my situation.

    1. Filed Feb 4 2013
    2. Gov accepted Feb 6 3013
    3. Feb 27 2013 marks 21days processing time
    4. March 3rd is the 1st Sunday after the 21day processing period.
    ( I read that the IRS only updates system on Sunday…
    5. Monday march 4th will be the day the returns show validated in the system
    6. Tuesday march 5th is the day this agent will contact me to confirm they are ready!

  • Andy

    My return transcripts are still not available. I hope you get yours today. Everything I have read says they update on Friday.

  • sally

    Hi Ron
    what state are u located in? Im just wondering are all states the same.
    We are suppose to close on 3/15 but we were not able to file do to our income until 3/5 …so this get better
    Its been accepted… yay!!!!
    Then it gets worst…
    I head over to the IRS office today to get calerafaction about when i can get a transcript becouse we cant close with out one. And the IRS guy cracks up…stating that you just filed it and you want a transcript.
    well when the IRS wants its money…i cant laugh like him and say you want you money u just sent me the bill….
    Im so frustarted…weve been on hold since Jan, 28 changing closing dates to get the 2013 taxes.
    So he felt bad at that point and offered to look in the system to see if he could see anything.
    He stated yes ir taxes have been accepted…but i dont have trascripts for you.
    I told him then when should except that i get them He reports 3-4 weeks sometimes
    6-8 i explained the urgency of the transcripts. said we would just have to wait.

  • sally

    i saw they update on sunday???

  • Andy

    Not what I have read throughout this blog Sally. Seems they update Friday. You will get a different answer from every IRS agent you speak to. Most of them do not know what they are talking about.

  • sally

    i dont know what we r going to do about our closing. We need the current year transcripts and no way will be have them by the 15th.
    This is so frustrating. I cant understand why the IRS doesnt have sometype of a system when it comes to lenders and closings. It really puts the buyer in bad sitution a very stressfull one.
    what is the fasted time that you have heard or read that trascripts were avaiable after filling them and being accepted?
    I guess im trying to be optimistic :)
    thanks

  • sally

    Dose anyone thin i should pay my balance?
    will that trigger the trascripts to be ready sonner than just waiting for them to process the returns and send me a bill???

  • Andy

    Hi Sally,
    Start reading around page 10 of this blog on. You will get a lot of insight on your situation. 99% of people get their transcripts quicker by paying their balance. Usually 3 weeks or less after paying the balance due. I would say that if you are going to pay anyway and you can swing it now, pay it.

  • steven jones

    I have read through almost entire post!! Wow it really has helped since IRS tells you something diff every time. Seems like the most important thing to do is PAY you balance due return as soon as you file so that the processing begins otherwise you will have to wait until at least April 15 but most likely mid may. Andy. It seems like you should have received the transcripts today? Did you get them? I e filed Feb 5 received on 8th. Didn’t know about having to pay in full so didn’t pay in full until March 1, 2013 via debt card using third party processor. I have called IRS today and they show pending payment and I can order my account transcript online but not my return transcript yet. Hopefully this will be available on NEXt Friday the 15th but if not will have to wait till 22 it looks like. Our closing is on 26 so helps hope it comes through!!
    I was very annoyed IRS gave such bad information otherwise would have paid it on Feb 5th when i efiled

  • steven jones

    ANDY….did you get your return transcripts today? Good luck hope nothing has changed for the 2012 returns since all this information was based on 2011 returns

  • Andy

    Steven, I didn’t get mine. I will keep you posted.

  • sally

    Hi again
    just to fill yall in….
    we filed 3.4.13 that when the IRS was accepting the type of tax forms we were filling.
    Our tax was accepted on 3.5.13
    We payed federal tax on 3.7.13 after reading that payment triggers account processing/transcripts.
    As of today 3.10.13 the IRS site “where my return” it states “your return has been accepted”
    I don’t know what were going to do!!!!!!!! :(
    On Thursday i visited my local IRS office…they stated 6-8 weeks to get a transcript.
    i called the IRS Friday on and the lady i spoke to stated that it would take 10-15 days from date of filling to get a transcript. and paying would trigger processing in the system. (so at this point i hope she know what shes talking about because her answer is the best iv heard.)
    We r suppose to close on 3.15.13 …now prob not… until 4/2/13 a month later…
    3 weeks from filling date is 3.20.13…and week for underwriter to look at it and get back to us makes it 3.25.13 and we can close that following week???

    what do yall think?

    Thanks
    Sally

  • sally

    one more thing…..

    should we pay our state bill too???

  • Dave W

    Just to let you guys know I’m in the same boat.
    Closing date 03/29/2013

    Filed Taxed 02/09/2013 (money owed)
    Accepted 02/13/2013
    Found out that we need the transcripts 03/05/2013
    Went to IRS office and was told May or June, paid bill in full anyway 03/06/2013
    Waiting………….

    I just found this site and read through the whole thing.
    Based on last year we might just do this, fingers crossed!!!

  • sally

    Dave… why did they tell may or June???? u filed a month ago…
    was it that you owed money and u didn’t pay it right away?

  • sally

    I wish the IRS made some type of a department for people that needed transcripts for loans/home mortgages…it would be so much more simple…and less stressful…and considerate of the us the people and our lives !!!

  • Dave W

    If you read back through the thread it’s the same story people got last year.
    The standard line at the IRS seems to be they precess the refunds first and don’t start on the money owed returns until at least April 15th.

    Hopefully, it’ll work out like it did for people on this board last year. The best case scenario seems to be that they process money owed returns on April 15th OR a week after they receive full payment!

  • sally

    i hope that they follow what they report 21 days not just for returns… but for everyone… that’s only fair…
    we dont know what to tell the seller at this point…wait…we need our transcripts and it might take another month maybe more…
    this is terrible..
    what if they dont want to wait an but the house back on the market…im so upset about this….
    how r u guys dealing with the seller on this issue?? any extensions???
    thanks

  • steven jones

    I was feeling better about whole situation after reading from last year since we were expecting to get transcript on Friday March 22 (efiled and paid in full March 1) at the latest but based on last years info Andy should have gotten his transcript available Friday. Andy did you pay in full? What was your pay in full date? Also did you efile?

  • steven jones

    I cut/Pasted this fro mthe IRS website:

    Transcript requests received through ICCE and irs.gov are delivered only via postal mail and only to the address of record.

    Balance due e-file returns do not post until cycle 20, or one cycle after full payment is made, whichever occurs first.

  • Dave W

    Can any of you guys order your 2012 account transcripts from the IRS website?
    I can’t.

  • sally

    steven jones…when u say cycle 20 what does that mean?
    full payment meaning federal and state or just federal? we only payed our federal..

    Dave…i cant get my transcripts off the website either…is u can GO to ur local IRS office they can print them for u as u wait…

    So as far is wait time to get transcripts what do u think based on last year wait time?
    I was told 10-15 days

    thanks

  • steven jones

    I live in texas so no state income tax to file but the info is for federal return. 1 cycle is equal to 1 week so that would mean if you dont pay in full you will be able to get your return transcripts the 20th week of the year which would be May 1, If you pay in full then 1 week after your payment posts so somewhere in the 2-3 weeks range since it takes time for payment to post as well. Hopefully this info is still accurate even though there was a back up because of the Fiscal Cliff Crisis

    Hopefully Andy will get back to us to see if his transcripts came in so we can get verification from someone regarding 2012 returns. (those filed in 2013)

  • sally

    thank u for clearing that up for me…
    i just called the IRS and they stated that 21 calender days and returns should be ready… the irs guy said that if your return stated that it has been processed. then he is able to fax u a transcript if u are in front of one.
    so call them if your return states processed.

    He also stated that once week after payment the return will be trigger by the payment and it will go into processed mode. he said if u don’t make a payment then it will be processed after the April cut off date…

    Lucky we mad e a payment when we did…if i knew this information i would have made the payment date we sent in our efile tax

    I have called them twice and i have heard the same thing twice…so i think its a good omen … hopefully….for all of us…

    Andy did u get ur transcripts and if not call them ASAP if they are ready they will fax them to u ASAP… this guy and the previous IRS lady that i spoke to reported the same thing…

    Please let us know what happens with u… good luck to all of u out there!!!

    Thanks

  • I am in the same situation. Supposed to close on March 27th. Need transcripts now. Taxes were accepted Feb 10th, have a scheduled payment (in full)of April 1st but thinkin i should pay today. On hold with the irs now. TAS said if I paid it today that it should process in a week.

  • Andy

    My return transcripts are still not available. I paid in full on 2/15 and efiled. My account transcript was available on the 18th, I believe. I documented it earlier in this blog but I don’t remember now. I check the IRS website 3 times a day. Hoping this Friday will be the day. That will mark 4 weeks from my file date.

  • Andy

    Sally, we needed to get an extension as we were scheduled to close on 2/18. We got an extension until 3/29.

  • sally

    adaneuburger
    good new is u have time… hopefully u will get them and close on time…
    Yes pay them ASAP…IRS told me payment triggers the return to generate a transcript.. don’t wait…pay pay pay pay ur federal ASAP
    When did u file ur taxes? and how efile or paper??

    Andy …u sound like us…at this time we are asking for an extension for 4/5/2013 as we wait for these transcripts…
    Andy did u call the IRS and explain this awful situation of needing them ASAP…if ur return are in the “processed ” step then the IRS agent will be able to fax u the transcripts as u are on the phone with them…right then and there..
    what does ur “wheres my return website” says???
    its says either below…..
    Return Received or Refund Approved or Refund Sent
    if it says refund approved call IRS and ask that they fax u a transcript as u are waiting by one …and explain that ur loan depends on this document. they will do it….

    please let me know as iam anxious to to here good news for all of u and myself :)
    good luck

  • Andy

    I have called several times. They don’t seem to care or want to help. They make it sound like there is nothing they can do. You can check on the status of your transcript here-

    https://sa1.www4.irs.gov/irfof-tra/start.do

    I check multiple times throughout the day. It is costing me sleep. I really hope to get this Friday. We knew we would need a transcript, what we didn’t know is that I wouldn’t be able to file my taxes until 2/15. I was hoping to file 1/18. My taxes were complete on 1/12 but because of the fiscal cliff and the fact that I needed a depreciation form, we couldn’t file until the 15th. Fortunately the sellers have been good up to this point. We did have to release some money for the extension.

  • Chris

    Hello all,

    I just wanted to throw my two cents in here. I’m in the same boat as the rest of you. I need my 2012 transcripts to close on our first home. I was given this information very late in the loan application process. We rushed to file my taxes (self-employed/small business owner) but like others, had to wait for the fiscal cliff nonsense to get worked out to file. Here is my basic timeline:

    2/21 – Federal returns were accepted (one LLC, one S-Corp and my personal)
    3/4 – Spoke with rep at IRS, was told 6-11 weeks for my transcripts because I had balance due. Sent payment via snail mail that afternoon.
    3/6 – Broker alerted me that both of my business return transcripts were available (~13 days from acceptance)
    3/9 – Federal payments clear my bank account
    3/12 – Still waiting on personal return transcripts

    I’m hoping (like Andy and others) that the timeframes set last year around this time are similar for this year. I’m guessing Andy doesn’t have his yet due to the fiscal cliff legislation…perhaps that has created a bottleneck at the IRS…just a guess at this point.

    Like others, I get different answers every time I call the IRS. Some say 3 weeks, some say not until June, etc. We were originally supposed to close on 2/28, now we’re hoping to close by the end of March. The whole thing is crazy frustrating. Here’s hoping everyone gets their returns soon. I know I’ll finally get a chance to sleep easy when I finally get mine!

  • sally

    chris….looks like u will be getting ur individual return by Friday hopefully.
    They said 1 week after the payment posts to ur account. crossing my fingers for you.
    Andy will hopefully get his transcripts soon…i know this is so frustrating!!!

  • steven jones

    Does anyone think it could hurt to use the tax advocacy service as well just in case the payment triggering processing is delayed this year due to fiscal cliff

  • Andy

    I called the tax advocates a few times and they always transfer me to the main line. They tell you to hang on like they are looking into it and the next thing you know they transfer you. They don’t tell you they are about to do it, they make it sound like they are looking into it for you. I really hate the IRS, I bought someone over there a new car this year and they don’t do a damn thing to help me! It’s such a typical government agency, no sense of urgency, no willingness to help, they just don’t give a crap and it stinks. Hide and seek for 1500 a week.

  • sally

    i called the tax advocates too…waste of time …like andy said they just dont care

  • Chris

    I called my local Tax Advocacy office and never received a call back. I’m betting they are slammed with people who are in the same boat as us. What worries me now, is that Andy should have his by now.

  • adaneuburger

    TAS in kansas called me this morning and they are typing up a letter that will be sent to my lender and to the USDA for my loan with internal transcript that will give me my loan. USDA loans in my area expire on march 27th so TAS got on top of it right away. Very excited now that we will be able to close now. Maybe it just depends on state TAS and situation. Thank you to this website though and good luck to everyone else.

  • Steven Jones

    I agree Chris…I hope Andy gets his transcripts this friday if not I will be very concerned. The IRS works in batches so if his payment was posted right before a batch started it could explain his not receiving transcripts last friday so hopefully it will come this Friday. I sent in the Form 911 to request an advocate today just in case trying to work it from multiple angles. I have to close by the 29th of March and transcript only thing holding us up. Lender told us yesterday if we wanted to extend our rate lock past the 29th it would be 1500 for two week extension;(
    whole process so frustrating!

  • Andy

    Losing my rate lock too Steven! I’m hoping for Friday. If I get mine Friday it will give everyone else hope too. I called Prospect Mortgage as some others did and they will accept a stamped accepted return with proof of payment. If I don’t get mine by Friday I think I’m going with them. The problem is that I would have to transfer the loan over and if my transcripts hit before then, it would actually take longer to close the loan.

  • sally

    Hi all
    steven where did u get the 911 form and where did u send it??
    do u think this would help me???
    Andy i hope u will be getting this all set on Friday. Im praying for all of u:)

  • Andy

    be careful Sally, some people said that actually slowed them down a couple years ago on this blog. Mixed results with that.

  • Steven jones

    I have heard mixed reviews but someone on another blog (my fico) posted having positive results using the advocate . I am just worried the timing is off because of fiscal cliff delay. I faxed in today and advocAte is suppose to get back to me Friday to discuss case and see if he can help. If Andy posts he got his transcripts Friday I will just wait and not use advocate but if he is further delayed I can go in another direction . I just have not read anywhere online a out someone with a balance due return getting transcripts for this years taxes by simply paying the balance and waiting .

  • Dave W

    I faxed 911 form on Thursday morning, someone called from the TAS office on Thursday afternoon and took some additional details saying someone would call me back within three days….. that hasn’t happened yet!

  • Andy

    I seriously hope my post on Friday morning is that they are available. Not only will it put my mind at ease it should help all of you feel better too.

  • Chris

    I spoke with the IRS at length last night. The rep I spoke to seemed to be pretty competent and answered loads of questions that I had. I can report that he did confirm that for “balance due” returns what is supposed to happen is that when the balance is paid in full, that the return is to be resequenced and then processed in the following cycle. Otherwise it won’t be processed until cycle 20 (begins May 13, 2013). This rep said repeatedly that they cannot guarantee that full payment will trigger processing because there are far too many other variables that can hold up processing and that he’s seen far too often where things that should happen simply don’t. I asked if the fiscal cliff legislation has bogged down processing, and he said that it really shouldn’t be affecting it at all. For my situation, he said I should wait 2-3 more weeks before calling back. My payments still hadn’t posted to their system yet, and thus my return was still in the pile of “balance due” returns. He explained that it might take another week before my payment posts to their system, even though we’re approaching a week since that check cleared my bank account. As a last resort, I asked whether or not using the Tax Advocacy Service would help/hurt at this point in time. He said that it couldn’t hurt and because this would qualify as a hardship case that he would create an internal request to TAS on my behalf. I’m to receive a call by Wednesday of next week, but I’m not holding my breathe.

  • Dave W

    Reading back through the thread, you should be able to order an account transcript before your return transcript is available.

    Can anyone here get their account transcripts yet?

  • Andy

    My account transcript was available shortly after they cashed the check, within the first week. It seemed as though the return transcript came the following friday. Tomorrow will be my 3rd friday since the account transcript was available.

  • Andy

    I said “cashed the check” but it was actually the online payment through the IRS

  • Chris

    My account transcripts were available pretty quick after I e-filed. Additionally, they were ready before I made payment. I’m confident after speaking to the IRS multiple times and with all the info on this blog, that paying in full is the only way to get balance due returns to process. That said, it seems it takes a couple weeks to get the payment processed and posted to all the necessary IRS systems. Which could explain why Andy hasn’t gotten his yet. If Andy’s come through tomorrow, I’ll certainly feel a lot better though.

  • sally

    Andy when u call the IRS tell them you need to them to speed along the processing of the getting a transcript as it is necessary to get ur loan cleared.

    I have not been able to access any transcript.
    But today i hashed it out with the IRS agent…she finally said she would fax over to me our returns in the system with a letter explaining that the IRS has received our returns and they were accepted as of 3/5/13 and payment posted today but marked payment date 3/7/13 also has been accepted. but no transcript at this time could be provided. to my surprise she did what she said she was going to do she did
    fax them :) YAY

    I sent this over to our broker…with fingers crossed…he said he would send it over to underwriter with hopes she will except if instead of a transcript…WHAT???
    i blew my head off….
    i told him these stupid transcripts are a formality not a gov mandate…

    But what i dont understand is….these papers prove what we provided the underwriter with is that same that we filed with IRS so it should be sufficient. these docs proves the same thing that the transcripts prove.

    AHHHHH i just want to scream and cry im so frustrated

  • sally

    By the way what does a account transcript show?
    couldn’t u use the account transcript for vitrification for what u need???

  • Andy

    My bank would not accept stamped accepted returns. Some banks will accept it but mine will not.

  • steven jones

    I don’t understand why they (banks/mortgage brokers) wont take an account transcript for verification instead of a return transcript. Everything I read about the account transcript makes them see more detailed than the return transcript. Has anyone tried to use the Account transcript? I am going to email my broker tomorrow if I haven’t received my Return Transcript tomorrow to inquire about the account transcript. My broker as well said no to a stamped copy of return.

  • Andy

    uggghhh…nothing for me this morning

  • sally

    awww..im sorry Andy…
    keep ur hope up…maybe it will show up monday :)
    did u call the irs today to see if they have any updates?

    steven: thats what i said…how come they dont allow account transcripts its legit its from the IRS and its does the same job that a return transcript does. this is ridiculous.
    I dont understand these stupid formalities…is it too make our life harder?

    chris when did u efile and when was ur account transcript ready?

  • sally

    who is able to get an account transcript?
    if so how long after u filed or after u paid? was it available?

    I e-filed 3.4
    accepted 3.5
    payment 3.7
    payment posted 3.14

    still no account transcript or return transcript :(

    anyone???

  • Chris

    Sally,

    I don’t know exactly when my account transcripts were available. In my case, I think the fact that I was paying quarterly estimated taxes for 2012, meant that I had already established a tax account transcript for the year. Hope that helps.

    Chris

  • Andy

    my acct transcripts have been available for a while. I’m going to an IRS office today. I hope I don’t buy myself an audit. I have had enough

  • steven jones

    I went to log into IRS and request Return Transcript and it usually says its not available and today i got this message: (It usually says Return transcript is unavailable)

    Order a Transcript

    A Tax Return Transcript for 2012 has already been ordered within the last two weeks. A transcript takes 5-10 days to be processed and delivered.

    If you did not order this transcript, or you believe it has been more than 10 business days since you ordered it, please contact us at 800-829-1040.

    If you need more than one copy of your transcript you are allowed to make copies for your personal records.

    I thought this meant it was ready and I had ordered so when my mortgage company sends in the form today it will come back verified!! I called IRS immediately to confirm and the man says that the return is still not processed and so no Return Transcript could be available. I just don’t understand whats going on—

  • steven jones

    Also to note when I go on the IRS wheres my refund page and enter my info it says the return is still processing….I’m so confused-

  • Chris

    Steven,

    Have you made any requests using the automated phone system? I had done this and the online tool showed the same thing.

  • steven jones

    no but my lender has been sending the 4056-t form twice a week for last 2-3 weeks—Do you think that the transcripts are avail and the IRS rep just is looking at wrong screen. I remember reading back in blog about this happening to someone. Although it is saying return isn’t processed. Just not sure what to do at this point. I know my lender is sending a new request today for verification so I guess I will just hope it comes back verified on tues. (they do it electronically and takes about 2 days. The thing that is promising is that before it stated it was unavailable and now its showing its been ordered. This whole process is so frustrating—today would be two weeks exactly since I made my payment in full on March 1—maybe the system will update Monday and say processed!

  • steven jones

    Chris..did you every receive the transcript you had requested when the online tool showed you it had been requested wait 5-10 days?

  • Chris

    Steven,

    I did get a transcript in the mail, but it simply stated that the return was not yet available.

  • steven jones

    It is weird how it wouldnt let me order before but now giving me this message…maybe status change and they will be avail Monday? I guess I will try to stay positive. Also the IRS rep stated my case had been assigned to an advocate or had been requested but advocate has not contacted me yet…filed the 911 Form on wed.

  • Andy

    If it says it has been requested and will be there in 5-10 days your return transcript is available.

  • Andy

    try doing it for 2011 and 2010, it will say the same thing.

  • Steven Jones

    Andy ‘
    Just logged in and ordered a 2011 return transcript00it said we have accepted your request for your 2011 return transcript please allow 5-10 days for delivery.

    When I go back and request 2012 return transcript it says a 2012 return transcript has already been ordered please allow 5-10 business days…..

    It is very weird though because as I said before it stated it wasnt available and then today just the it had already been ordered. The only thing I can think is that the mortgage company requested it this morning before I ordered it. Still strange because according to IRS rep who I def dont trust —-They say its impossible to get the transcript this year because return hasnt been processed yet. Maybe it will update over weekend and be available and processed. I’m just very confused dont know whether to be happy or more annoyed lol

    The Tax advocate office has still not called back and office closes in 45 min so prob. won’t hear from them until next week.

  • Steven Jones

    Andy
    When you go to the online to the IRS tool to order transcripts for the 2012 Return Transcript. Does it say it is not avalaible for you or does it say you have already ordered?

  • sally

    call the lender see if they requested the transcript.. maybe they are the ones that requested it.
    Also call again the IRS maybe things have changed since u called today…
    this sounds good be happy something is happening :)

  • sally

    i just tried requesting an account transcript and said i should have it in 5-10 days
    very odd… this Am that was not the case…its said unavailable at this time….
    is this what happened to u Andy? my payment cleared with the IRS yesterday….
    if ur did order a return transcript today then how long has it been since u payed???
    this would give a time line :) a positive one :)

  • Steven Jones

    sally…what did it say when you tried to request the return transcript? I sent in payment March 1 using a third party IRS approved site (debit card). It was a Friday so today is exactly 2 weeks since I sent payment in. I also requested an advocate on wed and the IRS agent told me today that they see its on my file but havent heard from them. It is weird because my retutn is still not showing processed on the wheres my refund tool (enter 1 dollar since I had a balance due). The IRS agent was adomant that you cannot get a return transcript unitl the retun had been processed and he said mine hadnt been. Maybe it will update over weekend and be processed Monday. More waiting I guess….My closing date has been pushed till 25 so hvae one more friday before it starts to get expensive for me since rate lock expires on 29th….

  • Dave W

    I just tried ordering an account transcript as well and it said i should get it in 5 – 10 days. Like Sally, I tried about 2 hours ago and it said no!!

    I’m scared to try ordering a return transcript.
    If I do and it says it’ll be 5-10 days can my lender still get one or can I still go get one from the IRS office?

    Anyone have any idea?

  • Chris

    Dave, I’m 99% sure that won’t affect anything. The 3rd party services like CredCo that are used by lenders to order these transcripts seem to be able to request over and over. My lender has been doing so for almost a month! So far, we still haven’t had anyone with a balance due return have their’s processed, is that right? I think that will be the real tell in terms of timing for this year.

  • sally

    it said….account transcript has been ordered it will take 5 – 10 days to receive it…
    so i just called irs and the agent was soooo rude.. didn’t want to even go into my account. basically said so what u paid that will not speed anything up. explained to her that i wasn’t able to get an account transcript this am and no i tried and said i will be getting one in 5-10 days.
    she took my info and came back that its probably because my payment posted yesterday and that is what im going to get in account transcript about the payment posting.
    basically said she couldn’t do anything to help me….

  • sally

    my returns have not been processed yet :(

  • Dave W

    Chris, that does seem to be the situation.
    I made my payment in full, by check, at the IRS office on 03/06 and have ben checking the online tool every few hours since then!
    Something definitely changed in the last few hours with regards the account transcript.
    Looking back through last years posts, last year the account transcripts were an indicator that things were moving ahead. I think peoples return transcripts were available within a week of the account transcript being available…. usually.

  • sally

    im calling the irs again right now and want to see what another agent says…we should be able to contact the same agent that we speak with…crazy that is not an option… that why they can lie all they want and never be held responsible..not to mention just give people the run around…and control peoples lives with their incompetence….sorry people….i have to vent somewhere and to somebody….

  • sally

    Dave W…
    when did ur IRS payment post to ur account???
    when did u file???
    and when was it accepted???

  • sally

    so the bad news is that we have to do another extension again today :(
    the underwriter will get back to us Monday or tueseday with yes or no to use the faxed internal accepted returns from the IRS that the nice agent was able to fax me on Thursday….so send good lucks my way guys….
    will def keep u guys updated :)

  • sally

    sorry didnt finish the last post…

    she would say yes or no to use the faxed IRS copies of the accepted returns in place of the 2012 transcripts

    i hope she does accept them..i cant take this anymore
    the IRS agent said they don’t start processing returns with due balances paid or unpaid until after 4/15…and wont be able to get a trascript until 5/15…WHAT IS SHE ON DRUG….
    what do u guys think about this??????

  • sally

    where is everyone???

  • sally

    ok just got off the phone with IRS agent…he sounded like he knew what he was talking about… ( because it sounds better for all of our situations. :))

    he said since we paid the return is still in the sequence to process…and to give until 3rd week or 4rth week in march to be fully processed and keep requesting transcripts :) at that point we should have a return transcript ready to be sent to us. he also said if we didn’t pay we would be waiting until after may 15 or early June to be able to obtain return transcripts …really that’s crazy :(
    everyone please pay so u don’t fall into that category…
    nothing we really didnt know but it sounds nice to just be reassured :)

    Andy it sounds like u got ur trascript if this is true ::)))) yayayayayay congrats no more worried for u….
    call the IRS now and have them fax u the trascripts now…please let me know how it goes :)
    waiting on fire for ur repsons….

  • sally

    wow im def talking to myself…where is everyone???

  • sally

    dave
    i sure do hope ur right about the return transcripts being 1 week after the account transcript was available :)

  • Dave W

    Sorry, wasn’t next to my computer.
    I think we’ve just got to hope that what happens last year plays out this year!

  • sally

    i sure do hope thats the case too Dave

  • steven jones

    Andy…did you go IRS today? any new info

    I think alot of the processing occurs over weekend. I am hoping my return is processed Monday. I still don’t know what to think about the fact that it is saying my return transcript will be to me in 5-10 days and before today it always just said unavailable.
    Can everyone post if they are able to request a return transcript via the online tool or does it say they are unavailable?
    Either way I think this is a good sign that the returns are not just sitting in a pile doing nothing until APril 15 which would have occurred if we didnt pay.
    Of all people on this board Andy paid first (maybe a week before me) so he should be first to get transcripts. That is why I was asking him what the system tells him when he requests the return transcripts

  • Andy

    Ok, a few things. I went to the irs today and the agent I spoke to seemed to know what he was talking about although he couldn’t help me. He read right out of their little handbook that balance due returns are either processed 1 cycle(week)after they receive payment in full or on the 20th cycle(week)on people that still owe money.

    To whoever else was looking, requesting your return transcript is fine. As soon as it’s available they can fax it to you or more than likely, the bank will use their own service which will not affect you, so go ahead and order them. When it says you will receive it in 5-10 days you know its available. Give the IRS a call and you have to be standing at the fax and they will send it right over or you can go to the office and pick them up, but don’t worry about the requests, it’s more than likely that your bank wont use your copies anyway.

    As for me, they said it should have been available already and there’s nothing they can do. Check monday was what he told me. I asked him when the system updated and he said he didn’t know but thought it was over the weekend. Giant waste of time for me. I grabbed a stamped accepted return while I was there but it’s no good to me with my current bank. I did find another mortgage company that will accept the stamped accepted returns but its at a higher interest rate. Good luck to everyone. Ill keep everyone posted.

  • Andy

    steven, one other thing that rang a bell as I read your response. They told me the transcript system was down today when I was there. If it said your return transcripts would be mailed in 5-10 days, they are available!!! Call your bank and tell them to make their request or ask if they will take your faxed returns and call the IRS monday and have them fax them to you. You can also pick them up at an IRS office if they will take it.

  • steven jones

    My lender requested one today so will know if it came back verified Tues. When I called IRS rep they told me its cant be available if return isnt processed. However, its a complete joke how incompetent those guys are. Everyone says something different.

  • Sally

    What do u guys think…
    Is my account transcript too soon to be available???
    I just paid on 3/7

  • Sally

    Do u think the system just refinished a payment and that’s what it’s sending me… My returns are still processing … They r not complete yet…how do I have an account transcript ready if my returns are still in process :(

  • Sally

    Steven
    I bet ur returns are ready :)
    They r just a mess at the IRS , every person I have talked to tells me somthing totally opposite of what the other tells me… So I wouldn’t believe anything they said :(
    Andy
    Sounds like urs will be ready monday:)

  • Dave W

    Steven, I’ve just read back through last years posts.
    I don’t want to get you’re hopes up but….
    Those guys we’re using the “you’ve already ordered a transcript” message as confirmation that the return transcripts were available.
    I believe that there’s one case on this board where someone got the “you can’t order because you already have” message and it was because the lender had already requested the transcript.
    I’ve read back though your posts and can not see when/if you said your account transcripts became available. Do you know?

    Looking back, 90% of the people last’s timelines went:
    1. Paid money owed to IRS
    2. Anywhere between 7 and 14 days for account transcript to become available, dependent on method of payment and day or the week paid. The account transcripts were always available on a Friday
    3. 7 days later (Friday), return transcripts available.

    The system only seemed to update on a Friday. (last year)

    There was a different timeline for people who snail mailed their returns >3 weeks after the account transcript was available.

  • sally

    Dave
    i hope ur right :)
    im depending on ur positive outlook !!!

    So the seller agreed on our April 5 extension to give us time to get the return transcripts 2012 :) im so relieved that they have agreed.
    We figured that would give us enough time!

    do u guys think its enough time to get our return transcripts?
    we paid 3/7 and 3/15 account transcript says we will received in 5-10 days!

    Thanks

  • steven jones

    Yeah…I am trying to stay positive. The only thing that worries me is that the return is still showing it is processing on the wheres my refund tab. The agent says you cannot get the transcript until it has been processed. I am hoping it will update over weekend and show processed. I will know Tuesday if my lender gets the transcript back. Will keep everyone posted Monday my new status.
    I don’t know when my account transcript was available. I filed original return Feb 5 and paid in full March 1 which was a Friday so if I do indeed have transcripts available the time line from last year is still the same!!! I know everyone will be relieved if this time table is still accurate.

  • steven jones

    I called IRS today and they told me my account had been assigned to advocate so they could no longer give me info on my account. I almost lost it—I called advocate and they said returns processed over weekend and has already faxed my account and return transcript to me!!!! I am 99% sure the advocate didn’t do anything just the normal timing of everything worked out. I finally feel relieved and can close on next wed assuming the request from the lender comes back ok for third party transcripts (I don’t assume anything with the IRS lol)!!!

    Anyone else get transcripts today?

  • Dave W

    That’s great news!!
    Thanks for the update it really gives me some hope.
    At this point I would think myself and Sally are a week behind you so I wouldn’t expect our return transcripts to be available before Friday.

    Fingers crossed.

  • Chris

    Steven – When did your full payment clear your bank account? I’m trying to workout the timing again and was curious which day yours actually cleared. Mine cleared on the 8th of March but didn’t post to my account until late last week. IRS rep I spoke to today said about 2 more weeks now that full payment has been processed. That would put me right about the end of March.

  • Carl

    Hi everyone,
    my wife and I are going through the exact same problem. I happened to come across this website from a Google search when researching this issue. Like everyone else, I am trying to close on a home in the next couple of weeks. April 4th, 2013 to be exact. When I initially filed my taxes on Feb 22nd, I was told by numerous IRS reps that the transcript would be available no later than 3 weeks. When that deadline arrived (March 15th), they then told me that it would not be processed before May 15th. Needless to say that am extremely upset.
    Since there are a lot of people going through this issue, I thought we could start sharing some strategies / timelines in order to help each other. If everyone else could reply back with the following information, I am sure it would be helpful to others. Below are my answers.
    For which tax year do you need the transcript: 2012
    Date when the return was filed: February 22nd, 2013
    Efile or paper return: efile
    Where you owed a refund or did you owe money: I owed money
    When did you pay off your tax debt: February 27th, 2013
    Was your payment via check, money order, or electronic payment: electronic payment
    Has your payment cleared your bank? If so, when?: Yes, February 27th, 2013
    Have you contacted a tax advocate? If so, when?: Yes, March 15th, 2013
    Have you heard back from your tax advocate?: No, I am waiting to hear back.
    What methods have you used in getting your transcript:
    1. I called my local congressman and explained the situation. While they were familiar with the problem (apparently they get many reports of this) they could only request a document from the IRS showing that my outstanding balance has been paid.
    2. I called a tax advocate. I have been assigned a case number but have yet to be assigned to a representative. I should hear back by March 20th.
    3. I called the IRS and got a faxed letter from a department manager stating that everything had been submitted by me and that the hold up was on there end. They also faxed me a copy of the return they have on file. I am hoping that my lender will use this instead of the transcript. I am waiting hear back to see if this will work.
    Please share your thoughts guys.

  • sally

    yah thanks for the update guys…steve great news yay congrats!!
    what about ANDY…whats the news with u?

    Dave: im crossing my fingers :) im thinking my transcript should be ready with this whole timeline u have come up with should be 3/27/13…does this sound right Dave?

    Hi Carl…welcome …we hope that our feedback is positive and gives u hope for the next week to come. we are all in the same boat :(
    After reading through ur post… i think u should expect a transcript 3 weeks after your payment posts to the IRS database…making that 3/22/20132.

    two questions…are u able to order an account transcript yet???
    and when u check for wheres my refund site…does it say?

    For which tax year do you need the transcript: 2012
    Date when the return was filed: 3/4/2013
    Efile or paper return: efile
    Where you owed a refund or did you owe money: I owed money
    When did you pay off your tax debt: 3/7/ 2013
    Was your payment via check, money order, or electronic payment: electronic payment
    Has your payment cleared your bank? If so, when?: Yes, 3/17/2013 posted to irs with paid date of 3/7/13
    Have you contacted a tax advocate? If so, when?: yes, we have been playing phone tag since Thursday
    Have you heard back from your tax advocate?: yes, voice mails phone tag :(

    What methods have you used in getting your transcript:

    1. I called the IRS … I got them to fax a letter from a department manager stating that everything had been submitted by me and amount owed was paid in full and has posted to the IRS account. they also sent me the IRS copies of my filed returns. I am hoping that my lender will accept this instead of the transcript too.
    we sent these docs to our lender on 3/14/2013… I am waiting to hear back to see if this will work.

    I hope this helps. :)

  • sally

    also carl…
    we were suppose to close 3/15… our closing has been extended to 4/5 to be able to get our transcript.
    hopefully its enough time to get this all cleared up :)

  • sally

    were is everyone???

  • Carl

    Sally,

    here are the answers to your questions.
    1. Are u able to order an account transcript yet?

    I tried ordering my transcript via this link: http://www.irs.gov/Individuals/Order-a-Transcript . When doing so, I got a message to the effect that my transcript will be mailed to me within the next 5 – 10 days. Based upon the comments I saw on this site, I initially took this as a sign that my return had been processed. However, when I called the IRS to double check, the rep told me that my return had NOT been processed and therefore the transcript was not available. Therefore, I don’t put much faith in the automated system.

    2. And when u check for wheres my refund site…does it say?
    I tried using this system but I can never get it to work since I am not owed a refund. I actually had to send in a payment. Whenever I tried putting in a 0 for the refund amount I got an error. When ever I entered the amount I owe, I got an error. When I tried putting in the amount I owe preceded by a negative sign (ex. -2500), I still got an error. Bottom line is that I never got this to work.

  • Carl

    Can anyone who has received their transcript please post the answers to the following questions?

    For which tax year do you need the transcript?
    Date when the return was filed?
    Efile or paper return?
    Where you owed a refund or did you owe money?
    When did you pay off your tax debt?
    Was your payment via check, money order, or electronic payment?
    Has your payment cleared your bank? If so, when?
    Have you contacted a tax advocate? If so, when?
    Have you heard back from your tax advocate?
    What methods have you used in getting your transcript?

  • Carl

    Sally, a few questions for you.

    1. How were you able to find out the date on which your payment was posted to your account?

    2. Given that I and a few others have been told that returns that are not due refunds are not processed before May 15th, why do you feel optimistic that ours will be processed in a few days? Has anyone received theirs early to make you fell that way?

  • Chris

    Carl,

    I have confirmed with multiple IRS reps, as well as on this IRS manual webpage: http://www.irs.gov/irm/part21/irm_21-002-003r.html That what is supposed to happen with balance due returns is:

    Balance due e-file returns do not post until cycle 20, or one cycle after full payment is made, whichever occurs first.

    This is why everyone mentions the May 15th date, this is roughly cycle 20. Paying your balance should get your return into the processing queue once the full payment posts to the IRS system. Steven is the first this year to pay in full and get his returns processed just a couple weeks after full payment posted to his account. This is where everyone’s optimism is coming from. It is what is supposed to happen. Hope this helps.

  • Chris

    From what I can gather digging back through the comments, it looks like Steven’s timeline was as follows:

    Steven Jones:
    Paid in Full: March 1st
    Payment Posted: about 1 week later, around March 8th
    Transcripts Ready: March 18th (a Monday, processed over the weekend)

    So this was about 10 days after the payment posted. This falls right in line with others from last year (10-15 days following full payment posting with IRS). Assuming this is the case for me, my transcripts should be ready some time next week (fingers crossed). Also, worth mentioning is that I paid via check that was mailed March 4th. The check cleared my account on the 8th but didn’t post to the IRS system until late last week (14th or 15th).

  • chad

    Chris is correct based on my experience last year

  • Carl

    Chris and Chad,

    thanks for the great information! What I’m curious about, however, is how can you find out the date on which your payment was posted to your IRS account? I know that I sent my payment on 2/27/2013 via electronic payment. However, I have no idea if it has posted to my account.

    Also Chris, thanks for that link to the IRS manual. It’s really reassuring to see their guidelines on this matter in print.

  • Chris

    Carl

    The IRS rep I spoke to last Wednesday was able to tell me that my payment had NOT yet posted. When I called today, they said that it had posted but couldn’t tell me the exact date that it posted. That’s how I know that it was either March 14th or 15th (assuming the these don’t post on the weekends). Hope this helps.

  • sally

    Carl
    when u https://sa2.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
    to check ur refund status
    u have to put 1 for the number amount that what we do because we owed money
    see what it says and let us know…

    and when u call the IRS u ask them to check and see what day ur payment posted…they will tell you what day it posted and what day u made the payment.
    ( in know ridiculous)they should post the same day u make the payment but this is the IRS.

    Im not confident im just hopeful that i will get the transcript 10-15 days after the payment posted. Mine posted on 3/14/13 so that will put us at 3/27/13 …so we will see..
    Chris believes we will have some positive movement this weeks end…i hope so that would be much better than my time line…:)

    Please try the check my refund with $1 and let us know what it reports ASAP thanks

  • Carl

    Sally, the message I received when using the “where’s my refund” feature was as follows:

    Your tax return is still being processed.A refund date will be provided when available.

  • Sally

    Ok well I think ull be hearing something this friday
    Cross ur fingers :)
    Keep checking that site
    And update us please
    Thanks for getting back to us

  • sally

    Hey carl
    its def different than my message. when i use the “where my refund”
    states…
    We have received your tax return and it is being processed.
    You should get your refund within 21 days from the date we received your tax return.

    u should have some movement is Friday…looks like 3 Fridays after the payment posts to ur IRS account a transcript is available.

    if u paid on the 27th and it posted a week later making it the 3/7th
    3/8
    3/15
    3/22 ur transcript should be ready :)
    if not the 3/22 then def the 3/29 :) still gives u a week before closing plenty of time to get ready to close on 4/4

    Im hoping u get it the 3/22 that way mine follows on 3/29 and we have time to close on the 4/5 :)

    Dave or chris or steven
    where is ANDY seems as though he has been on for a while.
    Did he confirm he sis get his 2012 transcripts?
    sorry guys im a little behind…as i have a newborn and a toddler which takes up my whole day just running around babies.

    Thanks

  • Carl

    Sally, I wish I was as optimistic as you are. I just called the IRS this morning to find out when my payment was posted to my account. The rep that I spoke with, assuming that she knew what she was talking about, told me that the payment posted on 2/27/2013. In other words, it posted the exact same date that I sent my payment.

    If her dates were accurate, that concerns me because I paid my balance in full before Steven Jones and I have yet to receive anything. I remember in Steven’s post he mentioned that he was contacted by his tax advocate, however he didn’t think the advocate had anything to do with the fast turn around time. Given my experience, I really think the tax advocate is the safest route. I am anxiously waiting for my case to be assigned to one.

  • Chris

    Carl, I would take what the reps tell you with a grain of salt. The rep I spoke to yesterday told me they couldn’t tell me the exact date that the payment posted. Also, it is very very unlikely that it posted the same day you sent payment, even electronic bank transactions take days to clear. I agree that the tax advocate is the safest route. And like you, I’m awaiting an advocate’s call. Hopefully, they can assist both of us.

  • sally

    carl and Chris

    Im trying to be optimistic :)
    well when i called the 6 payment hadn’t posted i called the 12,13, then 14 and IRS agent stated that she sees the payment posted 3/14 with payment date of 3/7/13.

    I think we have to count a week after payment as posted of payment and from that date we have an estimate of processing or transcripts to be ready.

    so in ur case.
    u payed the 27th so the 8th would be ur post and then 10-15 days from that date we have the 22 or 29…

    :) happy thoughts

  • sally

    carl whats do u mean when u say “given my experiences”
    uvd dealt with this before?
    positive +++…please share ur past experiences…as iam thinking to send in the 911 form today and wanted to make sure that they will help not make the process worst or take longer!!!

    Thanks

  • sally

    any ones thoughts please :)

  • steven jones

    Just to clarify a couple things. Carl—Your payment will back post to your account so the irs will not receive it for 5-10buiness days but once they receive it it will show in system as if you paid on whatever date you submitted electronic payment.

    As for the advocate, I called today and asked her if she did anything. she said she did not that the returns just posted over the weekend update. She simply faxed me the return transcript and account transcript. Also to note, when I go online to wheres my refund it still says my return is processing. I think the best way to know is just try to order the 2012 return transcript online. If it says its being mailed to you then the return has prob already processed or will update over the weekend update.

    I will know tonight or in the morning from my mortgage underwriter with the 4506-t results. Still won;t feel good about it until that is back!

  • steven jones

    I do not think the advocate will hurt or help. The only thing that is nice is you can call them directly if you need something faxed. She even offered have my broker call and verify the return has been paid and processed. It takes at least a couple days to get one assigned so if you are going to do it no reason to delay

  • Carl

    Chris, thank you very much for the clarification on how the payment post date works.

    Sally, when I mentioned “given my experiences”, I was simply referring to the slow and incompetent level of service that we have all received from the IRS thus far. In other words, I can’t count on any of their promises. I prefer to take my chances with an advocate.

    While this is slightly off topic, my wife had a problem with her 2006 return a while back. As a result, we ended up having to send an amended return plus an additional payment. Despite having our check cashed, the IRS never credited our account for the payment received. We went back and forth with them for almost a year only to have an advocate fix the matter within 1 month. From this experience I learned that the advocate is your best friend!

  • Carl

    Steven, thank you very much for your comments. Having feedback from someone who has gotten their transcript really helps. While I completely understand all of your comments, I just have one burning question…

    If you submitted your payment on March 1st and I sent mine on February 27th, how did you receive your transcript before mine? From what I understand, we both sent our payment electronically.

  • sally

    steven… great news so happy u have finally gotten ur transcript hopefully carl and i are next :)
    steve …so i called the advocates and they stated we have to give the irs 21 days before i can ask for an advocate… does this sound right?

    that would put us in the deep end with our next closing date :(
    4/5

    carl i think u should def see positive movement this Friday afternoon and be able to access ur transcripts if we go by Stevens timeline :)
    if this happens them iam the week that follows and i hope that is the case :)
    what do u guys think?

  • Carl

    I have not idea Sally. All I can say is that I will definitely post my results come Friday. I have still yet to hear from an advocate. I have called them 3 times already. I keep getting voicemail.

  • Andy

    My transcript is still unavailable. My internet has been down because I had the services switched to the new house. Despite the fact that I cancelled they still switched my cable internet and phone to the new house. Two days I was without and it looks like I have lost my home phone number that I have had for 15 years as a result with no recourse. I have spoken with everyone but the president of comcast.

  • sally

    oh sorry to hear that andy….when it rains it pours…
    i was wondering where u have been…well
    what happened with With the transcripts i think we were thinking u got them !!!

  • steven jones

    paid by debt card via a third party site on March 1. Maybe you paid via EFT check which I was told takes longer. (only a couple days)

    I would recommend Google your local tax advocacy and get there fax number and just fax over 911 form just make sure to put the hardship (ie you will lose house and earnest money. They will call you once an advocate was assigned. I live in TX and it took them 3 days once I faxes the 911 form

  • Carl

    Thanks for the information Steven. Believe it or not, I also paid my bill by debit card via a third party site. The company used was https://www.pay1040.com/ . So it appears that we did the exact same thing but yours was processed faster. At this point I have given up trying to understand how they schedule things for processing.

    In regards to the tax advocate, I also have a 911 pending. It was created last Friday. Therefore, if I am waiting 3 days to be assigned, I should hear something by tomorrow.

  • Chris

    Carl, if you don’t mind my asking, what was the issue with your wife’s return? I only ask because my one fear is that any issues with filing might delay the process for so many. If this is something people can avoid or start dealing with right away, that might save some people time and money. Thanks so much for sharing.

  • Carl

    Chris, please don’t worry over my comment. I was simply trying to give an example of where the tax advocate helped me out in the past. It has nothing to do with this case.

    However, if you are still curious, my wife had forgotten to to include income from a 1099 (i.e. contractor position) in her 2006 return. This was before she and I were married. As a result she was hit with a huge tax bill and penalties. I had my accountant file the 1099 but also write off a few business expenses to reduce the tax bill. We then submitted a payment for the rest of the taxes due from the 1099. The problem is that they took our money but did not acknowledge the business expenses that we had written off. This left us with a balance due well after a year since we sent our payment. It took contacting a tax advocate for them to accurately credit our account.

  • Sally

    Any news from anyone
    I check this am no change with my transcript yet :(

  • Chris

    Andy – You had mentioned getting a stamped copy of your returns when you visited your local IRS office. Did this mean you needed to re-file? Or did they use what you had e-filed? I’m asking because my lender is now saying they will accept a stamped copy of the return. I’m hesitant to go this route if it means starting over…

  • Carl

    Hey guys, I recently got some positive news from my lender that I wanted to share with you all. Keep in mind that this may not work for everyone, but it’s worth a try.

    Long story short, my lender went into some detail over why the IRS transcripts were so important. From what I understand, lenders like mine often close a new loan with a home buyer on which they charge a small fee called a loan origination fee. Once the loan closes, many of them sell the loan to another organization. This allows smaller lenders to avoid having their cash locked into a few mortgages. Simply put, they get a loan and then flip it.

    The challenge, however, is that the organizations to which they sell the loans have strict guidelines for how a customer is to be approved. it is this organizations that mandate that a tax transcript be used. This means that even if your lender wants to make an exception in certain cases, they can’t because they will end up being stuck with the loan.

    This brings me to the solution that my lender came up with. Due to the fact that I have provided them with a statement from the irs stating that my taxes have been filed and that they (i.e. the IRS) are at fault for the delay, my lender is willing to approve me loan now and delay selling my loan until the transcript comes in. This means that I should be able to close on my house on time while they continue to check to see when the transcript is available.

    While not every lender will do this guys, it can’t hurt to ask. It also helps to have a good relationship with your lender. My loan officer and I have been working together for a few months now and he knows that I have done everything humanly possible to get things in on time.

    That being said, I personally feel obligated still work with an advocate to get that transcript as soon as possible so that my lender is not inconvenienced for too long. Therefore, I will continue to provide you guys with what ever updates occur.

  • Sally

    Well great news Carl…. I’m very happy for u :)
    Please keep us updated on it transcripts as I will follow u getting my transcripts
    Wonderful :)
    See somehow u have to be optimistic … In the long run if its meant to be I will be :) no matter what!!!

  • Chris

    FYI – I received a call from the TAS rep assigned to my case. She told me there was nothing she could do while we waited for the returns to process and that she would be checking weekly. Gee, thanks! Add this to the list of instances where the TAS was of no help. I’m hesitant to try the stamped returns route, so I’ll probably wait until Monday and hope the transcripts are available.

  • Carl

    Chris, from my understanding the stamped return may be your best bet if your lender will accept them. Someone commented a while back on this forum that they went to their local IRS office and explained their predicament to an IRS officer. While the IRS employee could not speed up the return, they were able to print out the return that was in their system waiting to be processed and stamped it with some type of seal. This shows your lender that this information came directly from the IRS office and was not tampered with in any way.

    So if your lender will except this, you have nothing to loose from getting a stamped copy to show to the lender.

    If anyone else feels differently, please feel free to leave some feedback.

  • steven jones

    4506-T came back GOOD TO GO ;)

    my advocate didn’t do anything so it was the payment that triggered it and I happened to do it on a Friday so I think I got lucky on getting in at the end of the batch for the week to process. Anyone who has paid in full should be good to go after 3 weeks. I just want to also reiterate that if I go to Wheres my Refund app on the IRS website it still says my return is processing even though it processed last weekend and lender has return transcripts. It also looks like they only process returns over weekend update.

    Good luck to everyone on board. I can now confirm the time frames from last year are accurate

  • Sally

    Great news Steven … Congrats :)
    And this def gives me hope :)

  • Andy

    week 5 for me….still waiting.

  • sally

    Andy what?…im confused…what happened? i thought u were able to order ur transcripts last week?
    did u call the irs ?? WHAT DID THEY SAY???
    Did u try to obtain and an Advocate?
    looks like they are assigned within 3-4 days and they can provide u with more info :)
    i cant get an advocate yet because i have to wait the 21 days the IRS needs to process the transcripts…it took us a couple of hours to file them and they need 21 days to process them… i dont get it…then they can still audit u…well why don’t u get it right the first time since u take 21 days to process my returns…huh? and on top of all this they charge u interest, fees and u have to pay or they levy ur property. (sorry im just saying) totally different subject but just because they r IRS they can lie and do what they want….needed to vent!!!

  • sally

    where is dDave W…did u get what u needed DAVE??

  • Andy

    I’m not sure where you got that I was able to order my transcripts but no, not me. I still don’t have them. I have tried to call a tax advocate but I really don’t think they help. They always blow me off and push me back to the main number. If all they are going to do is check the status then I can do that myself.

  • Dave W

    I’ve been away on a business trip!

    I faxed my 911 form a week and a half ago. I have had no real contact with the TAS since then bur while I was away I received a stamped return in the mail, completely out if the blue. Sadly the lender will not accept this anyway.

    At this point I’m just waiting to see what happens on Friday.

  • sally

    Hi dave w
    is your account transcript available?
    did u try ordering it?
    I tried last Friday am and it said nothing available then i tried late afternoon and said an account transcript is available and will be sent with 5-10 days…

    Did u ever try getting ur account transcript?
    we have noticed that people that were not able to get account transcripts and then they got them the return transcripts followed….
    Also noticed that the wheres my return is not that accurate…people got transcripts and it still says return still processing…

    im still waiting hoping 3/22 i will get them if not 3/29 is my day i would think if im following Stevens timeline…

    when did u pay ur return and how?
    did u check if it posted to IRS account??

    let us know…thanks

  • sally

    Andy…im sorry i must be losing it…i think maybe i just hadn’t seen ur post in while so i assumed u were all set :(

    anything new this AM

  • Dave W

    My account transcript was available about 30 mins after you said you got yours last friday.

  • sally

    dave
    so looks like maybe we will be getting our transcripts 22nd or the 29th :)
    hopefully sooner than later
    our new closing date is 4/5 with hopes we have the transcripts..if not i don’t think the seller is going to wait any longer :(

  • sally

    has anyone heard anything today?
    no comments or updates?

  • Dave W

    My return transcripts are available!!!
    Well…… the website said “We have accepted your request for a 2012 Return Transcript”!!!!!!!

  • Andy

    nothing here

  • Andy

    no transcripts

  • Sally

    Great news Dave :)
    Nothing for me yet :(
    Hopefully soon !!!

  • Sally

    Did u try ordering ur return transcripts ????

  • sally

    Hey guys
    I tried ordering my transcripts for 2012 now and it says:

    We have accepted your request for a 2012 Return Transcript . Please allow 5-10 days to receive it. The transcript will be sent to the address we have on file for you.

    im on the phone with the IRS now to see if they are really ready and if they can fax them to me :)

    crossing my fingers :)))))

  • sally

    anyone else get this message when ordering ur 2012 transcripts today???????

  • sally

    GUYS they are faxing them to me they said…so i have to wait between now and 2 hrs …ok dokkie…the sorry of my life the waiting game….
    no complaints im so happy…:)
    anyone else???

  • Chris

    My transcripts were available today too! Funny thing is, I don’t even need them now as we were able to get approval with just confirmation receipt from the IRS that they had accepted my taxes + verification of full payment. Anyhow, for future reference, my timeline was as follows:

    Feb 21st, 2012E-File was accepted
    March 3rd, 2012Mailed check for full payment
    March 8thCheck clears my bank account
    March 14th, 2012Payment posts with IRS
    Mar 22nd, 2012Return Transcripts available

    Thank you to everyone for sharing their stories, it has truly helped me through one of the most stressful times of my life. Best of luck to those that are still waiting and to those that will be in this situation in the future.

    Best,
    Chris

  • sally

    Hi everyone of the present and the future…

    I think the most important thing to anyone that needs the returns ASAP is to pay your tax bill in full ASAP :)

    My timeline as fallows:
    March 4th, 2013 Efiled
    March 5th 2013 E-File was accepted
    March 7th,2013 full payment electronically made
    March 14th,2013 payment posted to IRS system
    March 15th, 2013 Account transcript available and mailed to me 5-10 days to get it
    March 22nd, 2013 2012 Return Transcripts available :) Faxed to me

    Thank you all for ur support and wonderful feedback …if it wasn’t for u all i wouldn’t have paid and id be still waiting for i don’t know what :)

    good luck to all of u and to all that follows :)

    Best
    Sally 2013

  • Dave W

    Here’s my timeline:
    Feb 12 – efiled (money owed)
    Mar 6 – Paid in full
    Mar 15 – Account transcripts available
    Mar 22 – Return Transcripts available!

    Lesson learned…. PAY YOUR TAX BILL!!!!!

  • steven jones

    Thats great everyone got their return transcripts. One piece of advice…Dont have your lender request the 4506-t until Monday. For me when they requested Friday they were first available it came back incomplete. It took the weekend update for them the transcript to show avail I guess. Have them request first thing Monday!!! I know its a huge relief
    I am closing Tues….cut it very close contrac6t and rate rock expires thurs

  • Andy

    I don’t get why mine isn’t available. I filed and paid in full on 2/15.

  • sally

    Hi Andy..
    maybe u will be getting them on Monday since we think they update during weekends :)
    Did u hear anything from the tax advocate yet??
    r u calling the national number 1877-777-4778

  • Andy

    good luck everyone closing. My bank may take my stamped returns and proof of payment. Closing scheduled for thurs. Praying they do. I’m not sure why but my transcripts still aren’t available.

  • Andy

    Still no transcripts for me. Got my clear to close for tomorrow though!!! What a relief.

  • sally

    Hi Andy
    so glad to hear that your all set to close :)
    total relief…:)

    We are still waiting for the underwriter. She supposedly requested the transcripts from the IRS on Monday morning. and today is wed and still no transcripts. she says they need 24-48 hrs. well today was 48 hr….where the hell are they?
    how long do u guys think they should take???

    and to make things worst … our rate expired 2 weeks ago…
    so Know we have to wait until the underwriter clears us to close and then the rate can be locked again…GREAT…that’s what we needed :(

    i don’t know much about this processes does it sound right …its going to hit Thursday and we don’t have any clarity on when we will close and when she will get the transcripts she ordered and when our rate will be locked….so frustrating…
    as soon as we though we were ready to go we were pulled back 10 steps :(

    thanks

  • sally

    Steven
    how long did they take to get ur transcripts when they ordered them Monday???

  • Carl

    Guys, I just wanted to provide you all with an update to let you know that I was able to close on my new home today. Unfortunately, however, I still have not received my transcript. Remember, my time line for filling and sending payment were as follows:

    For which tax year do you need the transcript: 2012
    Date when the return was filed: February 22nd, 2013
    Efile or paper return: efile
    Where you owed a refund or did you owe money: I owed money
    When did you pay off your tax debt: February 27th, 2013
    Was your payment via check, money order, or electronic payment: electronic payment
    Has your payment cleared your bank? If so, when?: Yes, February 27th, 2013

    Given that my payment was sent a month ago, I am surprised that my transcripts still are not available. While, I am happy that some people got their transcripts on time, I think my experience shows that there is not steadfast rule for predicting when you will get your return.

    So for anyone else still waiting for your transcript, my advice is simple: talk to your lender and ask them if they can either accept a stamped return or be willing to carry your loan until the transcript comes in. For clarification on what I mean by “carry your loan”, consult my post on page 83 which was posted on March 20th at 8:20 am.

    From my experience, this is the only way to ensure that you close on time.

  • Andy

    Here is my timeline for anyone that cares.
    Filed 2/15/13
    Paid in full electronic funds transfer 2/15/13
    Money withdrawn from my account 2/20/13
    Account Transcripts available 2/23/13

    As of today 3/28/13 no return transcripts available. Thankfully we are closing today without them.

  • Brad

    Hi All,
    I am in the exact situation as all of you and was hoping to get feedback based on others actual timelines

    E-Filed on 3/5 and accepted (owed balance)
    Mailed Check on 3/8
    Check Posted as of 3/12 (account transcript was available on 3/19)

    I was really hoping my transcripts would be availabe this morning (4/1) but they are not.

    Can anybody provide feedback on my situation based on their actual timeline? What day during the week are people seeing transcripts become available? My tax advocate mentioned I was on a weekly cycle on Thursdays but not sure if their is any truth to that or not. Like everybdoy else, I get different info every time I call.

    FYI..I dont know if it matters at all but I do have a few Schedule E’s and deprection forms which I guess could classify my returns as slightly more “complex”. Im not sure if thhat has any impact or not.

    I am not closing until later in April but have my conditional approval requireding 2012 transcripts to close and trying to avoid a late April fire drill.

    Thanks so much!

  • steven jones

    Hi Sally…My 4056-t was sent monday and got word Wednesday that everything was good to go. On the Friday before my advocate faxed me my return transcript as well as my account transcript so I knew they were processed. Most mortgage companies and banks use an electronic service so shouldnt take more than 2 days. I havent been checking board now that I closed and in new house. Did you get the verification?
    I also wanted to state for people using this forum in the future that my return was efiled using the standard deduction so maybe thats why it processed so fast. No schedules or depreciation. For anyone this year still needing transcripts even if you do not pay I think they should be available around 1st or 2nd Friday in May (this would be cycle 20)…one week is a cycle—-some lenders might require you to pay your taxes which would show up on the account transcript maybe 10 days after you make your full payment

    GL to ALL

  • sally

    Hi steven
    so happy for u and ur family…ur done congrats

    Well we have the transcripts:)

    apparently (im not working) directly with the underwriter and shes located all the way in CA …. we are working with our broker and he reports to us…
    she needs 4 days to look at transcripts and give the final clear to close…
    and our rate has expired so that cant be taken care of until she gives the clear to close…
    so she ordered the transcript so she says money am and she got them Friday am….a whole week…
    i don’t think they ordered them until Wednesday :(

    so that took a whole week and now here we are Thursday is tomorrow and with their stupid turnaround time they talk about and that leave us with rate to be locked and they need 24 hrs to do that…. and then our closing date once again is Friday 4/5 and doesn’t look like we are closing again due to this stupid turn around crap. its take her a whole week to look at a single paper its ludicrous….were on the brink of losing this house because of her laziness :(

    I don’t think the seller is going to extend again Friday is it for us…
    after all our hard work and running around like crazy people and just stressed out for months and now this is what it has come down too….
    STUPID STUPID UNDERWRITERS….
    sit behind a desk and have peoples lives in there hands and they don’t care…all we are is a number to them….

    Sorry everyone iv just been so stressed out and just livid with this type of way this bank is dealing with us….we should have looked for another bank ealrier …i guess
    whatever happens is just whats meant to be for us…
    good luck to everyone

    My advice to anyone buying a home

    if ur bank takes more than 24 hours to review documents they need and have requested please look for another bank that wants to treat you with respect…

    thank you
    sally

  • Brad

    Andy,
    How were you able to get stamped copies of your tax returns? When I went to my local IRS office they said they only stamped returns that were being initially filed. Where you able to get them to print off a copy of your returns and stamp them as certified?

  • steven jones

    Hi Brad….Based on what I understood from previous people. If you originally efiled if you get them stamped you are basically starting over and resubmitting and making it a paper return (which takes much much longer to process). The important thing is to make sure 100% your lender (underwriter) will accept the stamped return because once you get them stamped it slows the actual process to get transcript. I haven’t been following board. What is your time frame for needing returns to be verified. If you don’t close until May I would just pay and wait. Even if you don’t pay it will be processed around 1st or 2nd week in may

  • Chris

    We closed on our house on Monday! What a horrible process. I’m so relieved that it is finally over. Needless to say, considering our lender (Chase) accepted proof of full payment and e-file acceptance as enough to disperse the funds, our transcripts arrived the morning of the closing. Here is my timeline for reference:

    Feb 21st, 2013: E-File was accepted
    March 3rd, 2013: Mailed check for full payment
    March 8th: Check clears my bank account
    March 14th, 2013: Payment posts with IRS
    Mar 22nd, 2013: Return Transcripts available
    April 1st, 2013: Transcripts arrived via UPS (TAS sent them anyways)

    Again, full payment for balance due returns is needed to get your returns processed. I have confirmed this over and over with the IRS.

    Best of luck to everyone.

  • Brad

    Thanks for the info Steven. I put my timeline above. Here it is for reference

    E-Filed on 3/5 and accepted (owed balance)
    Mailed Check on 3/8
    Check Posted as of 3/12 (account transcript was available on 3/19, not exactly sure when it posted for sure)

    I do have multiple depreciation/amortization schedules and such and my only concern is my return being delayed due to being “complex”. I dont know if thats even a valid concern but it something I considered. I also had itemized deductions. I was expecting transcripts this last weekend (monday 4/1) based on others timeline and didnt get them. I am hoping I will have them this friday (4/5).

    Does that timeline seem to make sense?

  • sally

    Hi brad
    i filed as followes:
    March 4th, 2013 Efiled
    March 5th 2013 E-File was accepted
    March 7th,2013 full payment electronically made
    March 14th,2013 payment posted to IRS system
    March 15th, 2013 Account transcript available and mailed to me 5-10 days to get it
    March 22nd, 2013 2012 Return Transcripts available

    I did not itemize but had 5 schedule E’s

    what does the IRS tell you when call and ask about ur return???

    i hope u get ur transcript soon :)
    i think it may be available 4/5 for you….:) crossing my fingers for you!!!

  • sally

    Brad
    i was able to get copies of my filed return at my local irs office…
    they printed it and stamped it for me…
    hope this helps…

  • Brad

    Hi Sally,
    I have 4 or 5 schedule E’s as well and Im glad to hear that didnt slow your procesing time down at all. I get a different story every time I call so I quit calling. I have been in contact with multiple phone reps and a TAS rep. At least the TAS rep is somebody I can speak with regularly but they really dont provide much help. I actually faxed them the info from the IRM stating that balance due reutrns are processed in cycle 20 or 1 cycle after payment. That was news to them so needless to say, they arent much help. I have my fingers crossed as well for 4/5. I mailed a check vs. electronic payment so that may slow my timeline down a bit vs. yours. I have a few weeks but trying to avoid a last minute disaster.

  • Brad

    When I went to the local office, they printed my returns but would not stamp them. They stated they would only stamp returns if it was an initial filing.

  • sally

    hi brad
    yah we’ve heard it all from these inconsistent irs agents that don’t really know what they are allowed and not allowed to do…
    did you explain that you needed it to close on your home?

    i have a feeling that u sending check by mail put you a week or two behind me and chad…so im hoping that your transcript should be available by 4/5/13 :)

    when do you close?

  • sally

    I meant dave…

  • sally

    what state are u located in?
    im in mass!

  • sally

    we close Friday 4/5/13 god willing :)

  • Andy

    We closed on 3/28. My return transcripts are still not available.
    Brad, the IRS just printed what they received and stamped them. I didn’t re-file anything.

  • Andy

    I’m in mass too sally

  • Brad

    I am in Ohio. I am really hoping for 4/5 transcripts.

    Andy,
    What exactly did the stamp say? Was it just a timestamp? Just to confirm, you did not have to re-file?

  • Andy

    I did not re-file. I don’t remember exactly what it said but either accepted or received with the IRS branch and the date they received them.

  • Brad

    Andy,
    Thats great. For some reason, the person at the IRS office would not stamp my returns she printed. She said they only do that for an initial filing. Did you have to push for them to stamp it? Any idea if it was against their actual procedure?

  • Andy

    He offered. At that point they wouldn’t even take them. At first I said no, then I figured I might as well just get them anyway in case I went to another bank that would take them.

  • Brad

    No transcripts today for me. It looks like I am stuck in a queue with Andy in IRS fantasy land somewhere…the waiting continues….

  • Sven

    Hi. Count me in as another one of you, exact same situation as many: self-employed, found a great house, make plenty to afford, everything has been going well and we’ve made plans to move (which, as you know is quite a big deal, especially when you can’t simply take time off when you own and operate the business) and have started moving things to storage, preparing our current house to sell, etc.

    We filed taxes in late January and owed, as every year. It was a sizable amount, so we had planned to pay in 2-3 installments. The lender said we had to prove that our taxes were paid for 2012. SIGH. Ok, so they get paid then. Fast forward several days. Broker says the 4506-t form is still being rejected. They had tried 2 times already to get transcripts. Of course my husband and I have no clue about the IRS’s processing methods, and how tangled up this mess can get. Found out quickly. A call to the IRS tells us that the “owed” returns, once paid, go to the bottom of the pile, and don’t get touched until May 15. Hearts hit the floor. We have gone through so much, and spent so much, to get this house. JUST to be limited by the IRS’s slow-arse methods.

    So here’s my timeline:
    Filed end of January, taxes accepted a few days later. E-filed.
    Paid in early March, e-check, payment clears the bank 3 days after.
    As of April 5, no return transcripts.

    We have been in contact with a tax advocate this week, but she says the IRS won’t touch our return until June, and all she can provide is an authorized copy of the return, verifying that it was sent in and paid properly. Our broker didn’t really like this, and the lender hasn’t gotten back about it all yet. We’re not giving up, but the house is supposed to close in 2 1/2 weeks. At this point it’s nearly impossible to plan for anything!

    Those of you who have succeded have given us considerable hope, but mortgage companies need to realize that this is just how the IRS does things.

  • Brad

    Hi All,
    I spent my Friday morning in at our IRS office and finally got a manager involved. They were able to print my filed returns from their systems and stamped them with their official stamp. It does have yesterdays date on it even though I e-filed during the first week of March. I also got another copy of my account transcripts showing my account is paid in full. I am hopeful my mortgage company accepts these.

    JUST TO CLARIFY, I DID NOT RE-FILE MY TAXES. THEY SIMPLY PRINTED MY E-FILED MY RETURNS AND STAMPED THEM AS IF THEY WERE A PAPER FILING RECEIVED YESTERDAY.

    My tax returns are relatively complex due to self employment and real estate. I think that is a big driver of why I haven’t received transcripts in a similar timeline as others.

  • Andy

    My transcript is still not available. 2/15 filed and paid in full. They didn’t have any issues withdrawing the money. The computer is right up to speed with that aspect of the return. So glad my bank accepted the stamps.

  • steven jones

    Hi…havent checked in in a couple days but know how stressful the process is. I would recommend going on irs site to the tool where you can order transcript. Try ordering Account and return transcript. In my case the IRS tool said my return wasnt processed but still let me order my return transcript. If it says you will get it in 5-10 days then its processed even if it doesnt say. I also contact my friend who works for department of treasury in IT department. He told me that they update Friday and over weekend so really nothing will change until Friday and then weekend update. Apparently next year they will be updating every day.
    I would also point out that no matter what you are told by IRS and Advocate you won’t have to wait as long as they say. Realistically we have found the IRS Manuel that states its 1 cycle after payment or 20th cycle. These are the times and anyone who deals with IRS realizes that the employees don’t know what they are talking about. Obv there will be cases where certain items in your return prevent it from getting processed. GL to all

  • Sven

    Still nothing. Have not heard back from the lender about whether they will accept the advocate’s papers, and we are supposed to close in two weeks. At this point, you can’t do anything: no preparations to move, no enrolling students in a different district, not having any idea when you will need to arrange time to move belongings and clean, etc.

    It’s a small, small comfort that there are so many other people going through the same situaiton. Frustrating as hell, but at least we’re not alone here in bizzarro world.

  • elaine

    We have been trying to close on our house loan and the transcripts from the IRS are the hold up.
    1) we have a stamped copy of the returns from the IRS office
    2) copy of the wage and income transcripts

    The lender still will not close without the full transcripts. The IRS said there is a problem with the return, but will not tell us the problem so we can correct it.
    I have spoken with the tax advocate and they can’t do anything until the taxes are posted.

    We are going to loose the sell of our home and the home we are buying. The bad thing we are having to sell because my husband had to take a lower paying job. Just trying to do the right thing by selling the home we love and buying a smaller home and we are being held up by the IRS.

  • Sven

    Elaine, call the advocate again, or call a different one. They give varying answers, and until the one we’re working with was pestered about it, she didn’t even look into what we’d asked. Don’t give up! Beg your lender to go by 2011’s returns.

  • Sven

    A week to closing, and still nothing. Lender won’t accept anything less. At this point our only hope is for an extension, but the selling realtor is getting very jumpy. If they want to charge (aka extortion) us some absurd fee per day, we’ll walk.

  • Andy

    my transcripts still aren’t available. Sven, try prospect mortgage. They are nationwide and will accept stamped returns. I didn’t use them but they were my backup plan. I read about them on this blog and googled them and there were several right near me. Depending on the type of loan you have they may be able to use the appraisal.

  • elaine

    Update on transcripts. We received a letter from the IRS stating our SSA 1099 was incorrect….bad thing we did not file a 1099. We only had one w2 and it is the correct amount on the tax returns. We have been calling the IRS for 2 days and all we are getting is a busy signal. The letter states we have to response in writing. This could take months…We have even call back to speak to the tax advocate and she is not returning our calls and we are being told we have to talk to her. Any suggestions…please

  • Brad

    UPDATE: We still do not have tax transcripts, e-filed on 3/5, paid via check on 3/8. The tax advocate says our returns are “accepted” but havent posted and cant give any indication when that will happen. We are well passed the timeline others experienced. We are working with stamped copies of our transcripts at this point but havent received formal approval yet.

  • Sven

    Friday, and nothing. Andy, thanks for the tip, we’ll check into them if needed. One big problem with FHA loans, is they dramatically changed the terms and raised costs for any loans written in April and after. So all of us who secured (or thought we did!) a mortgage approval before that, got the better terms and lower monthly rates. Technically, if the loand was to be drafted up again in a month, we woulnd’t be able to afford this house, per their % standards, by just a smidgen. The housing market is so awful, with little inventory for what we need, the thought of looking again is depressing.

  • Andy

    filed 2/15 and paid in full……still not available

  • Jerry

    Andy,

    Did you E-File or mail your return in?

    If you E-Filed did you include a bank account & routing number on the return or did you pay a day or two later?

    If you mailed, did you mail the check with the return?

    I mailed my return on the 4/9 with a check…..it cleared my bank on 4/15. My understanding is if you do not send your payment with your return that it will not be processed until 5/15 or later. If you did send your payment with the return it will be processed in 3-8 weeks.

    Thanks in advance for any additional information.

  • Sven

    Still nothing here also. The advocate says it is being processed, not just in the queue anymore, but doesn’t know why after several days it hasn’t yet posted (filed in late January, paid in full in early March). We have an extension, but rate lock is toast in a few days, and the lender needs all this oddball time to sort through and sign our transcripts.

    The “American Dream” is a big joke. Make it on your own, do well in business for yourself, then get punished for that over and over. As if the hefty self-employment tax wasn’t bad enough.

  • Brad

    Our transcripts were available today.

    Final Timeline
    e-filed on 3/5
    paid via check on 3/8
    Transcripts available today, 4/26

    The timeline makes no sense compared to what others experienced but Im not complaing at this point. We are clear to close 2 weeks prior to our closing date.

  • Sven

    Brad – That’s great! Hope it’s all smooth-sailing for you through closing and beyond.

    Supposed to hear about ours today. (Filed in late January, payment cleared before mid-March)

  • Sven

    Brad – That’s great! Hopefully it’s smooth sailing through closing and beyond for you.

    Waiting to hear back regarding ours today. (filed in late January, payment cleared before mid-March)

  • Sven

    Sorry for the 2 posts – browser froze with the 1st.

    Amazingly enough, the transcript was indeed available today, so with any proper luck, no more hitches. Glad to have found this forum. While it’s awful that we’ve all gone through this sort of mess, it’s comforting to know it happens to other people, and reading about options. Keane, if you still read these, thank you!

  • Kim

    efiled on 4/3/2013
    check cashed by irs on 4/9/2013
    My closing date is on 5/20/2013.
    Will the tax return transcript ready before 5/20/2013?

  • Kim

    I checked ‘where is my refund’ with putting ‘1’ amount. It says ‘still being processed’.
    Does it mean that mine is really in processing or in stock of files for waiting to be processed?

  • Sven

    Kim: Have you gone through the “order a transcript” section of the IRS’s site? If that comes up as unavailable, your best bet is to call a tax advocate http://www.taxpayeradvocate.irs.gov/ and explain the situation. Some of them will tell you different things, so try again with a different office if you get blown off or given some odd answer. As long as you are in the home buying process, you are in a financial bind, and they should be able to help you out.

  • Kim

    Thank you, Sven!
    I just tried ‘order a transcript’. It said ‘6-10days it will take’ to get the return transcript.
    I am thinking to call irs to ask about the posting date of my payment.

  • Steven jones

    This means your transcripts are available. Have your mortgage person request the appropriate verification form to be sent to its. Think it’s 4506-T

  • Kim

    Thank you Steven! I will ask the bank for it.

  • Andy

    Ok, for anyone who cares.
    E-filed and paid in full electronically 2/15. My transcripts are available today 4/29- I assume they were available Fri. 4/26 because I did check them one day last week but didn’t check on Fri because we already closed with stamped return. I did everything the right way and it still took forever. The good news for people waiting is that I seem more like the exception than the rule. Good luck everyone! 2 1/2 months…..nice work IRS

  • Elaine

    Andy, who did you use to close your loan? We have given stamped returns and the Income & Wage transcript to our mortgage company ,they still will not close without the full transcript. We are going to lose the sale of our home and miss buying the other.

  • Sally

    Andy
    That’s great news u closed !!!
    We closed 2 weeks ago too:)
    So glad the craziness is over for us!!!

    And wish all the best for all new people navigating this crazy IRS / mortgage/ lender system !!!

  • Sally

    Ps Steven is right ur transcripts r ready !!!!
    all please follow our posted time lines in march an u Should all get a pretty good idea process!!!
    Good luck to all!!!

  • Sven

    Elaine – phone the advocate office and talk to someone new. Don’t give up! The IRS has put you in a bad financial bind, and that’s what the advocates are there for.

  • Andy

    Elaine, Salem 5 but it wasn’t a standard thing for them. They made an exception. I do know that prospect mortgage also would have closed with stamped returns.

  • elaine

    Andy,
    Thank you

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  • james

    Anybody gave experience in which unable to get return transcript due to identity theft? I had this happen for tax year 2011. Finally received tax refund in Niv 2012. Supposed to close on May 30. Only condition left is the 2011 return transcript. I wentto IRS office tthree days ago. Agent told me they would never have a transcript for me except the fraudulent one in the system. This is the one that was sent to underwriting. Agent did print my account transcript and stamped my return. Do you think this will be enough to clear to close? 2012 return transcript was fine. Thanks in advance.

  • star

    I’m so happy to have found this site…so much useful information!
    Here’s my situation. (kind of long)
    I’m recently divorced. My ex husband didn’t file our taxes for several years. I really began putting the pressure on him to get them filed because I wanted to buy a house and I knew I needed tax returns in order to get a loan. However; I had no idea about this transcript business!
    Our divorce was finally finalized in April so 2012 was the last year to file married jointly.
    He mailed in the 2012 return along with full payment in March. The check cleared his bank in April. He then mailed off 2009, 2010, and 2011 at the very end of April.
    I found my dream home (which I’m purchasing ALL BY MYSELF…GO ME!) right at that same time…a lot sooner than I thought I would find something.
    There was refund due on each of the prior year returns and they were all applied to the following years.
    I’m due to close July 8th on my new home.
    I’d been checking online to request a transcript for 2012 and it still shows unavailable so last week I decided to call the IRS to make sure they had received the prior year returns and also to ask why a return transcript was still not available for 2012. I finally got someone who told me that the 2012 return was still in processing and that she could see that they had received the 2010 return but it was not yet in processing and that they did not have the 2009 or 2011 returns. She suggested they perhaps got lost in the mail. The 2009, 2010, and 2011 were all mailed off the same day from the same place but they only showed that they received one of them. She suggested I call back when I was near a fax machine so that I could fax them while on the phone with them. I did that and she acknowledged that they were received and she was sending them on for processing. She said it would take 6-8 weeks for transcripts to be available or even longer since they were so late.
    Now I’m in a total panic that I’m not going to be able to close on time and I’m going to lose my locked in interest rate which expires on the day of my closing. I really don’t want to lose my rate nor do I want to have to pay to extend the lock but I guess I’m at the mercy of the IRS at this point.
    The underwriters would have accepted a stamped return for 2012 but they won’t for 2011.

    Has anyone been in a similar situation? She suggested that perhaps the reason 2012 was still in processing is because it had a credit from the 2011 refund which was applied to 2012 and since they didn’t yet have the 2011 return they couldn’t complete the 2012.

    One thing I do know…now that I’m on my own and will be filing single and not dependent on ANYONE else my taxes will be filed EARLY every year!

    :(

  • star

    Also, I’ve tried to use the where’s my refund option on the irs website and I put in a 1 for amount of refund…since there was a balance owed and it says no information available.
    Sigh…I have no idea what that means. :(

  • star

    Update…I called the IRS today to make sure they did indeed forward the returns on for processing and she said yes. She said that 2010 and 2011 were pending…which means they will be complete first and 2012 was still processing. I think I understand that maybe 2009 hadn’t started processing yet.
    At least there’s movement…that’s got to be a positive sign!

  • cindy

    I was wondering if there was any truth to the posting that says once your account transcript shows up your return transcript would not be to far after? How long would you guess? This website has been very calming for me.

  • star

    Cindy….I don’t think that has anything to do with anything. A few weeks ago I ordered account transcripts for 2011 and 2012 and when they arrived, it showed on the 2012 one that we had made a payment but that the return had not been processed. The 2011 said no return filed because come to find out they hadn’t ever received it.

  • star

    WOW…just wow.
    So on Monday I called to verify that they had sent the returns on for processing.
    Tuesday I checked the irs website and the 2010 transcript was available. Today, the 2011 and 2012 are available! That has to be the fastest turnaround EVER. I am SOOO excited and relieved!

  • Lauren

    Hi all,

    I need your help, prayers and positive energy!!! Star – Who did you call to verify they had sent your returns on for processing?

    I am in the same situation… I had to push back our closing date to 7/31 but will risk losing our house, our interest rate, and our deposit if we do not close by then. Here is our situation.. Our original closing date was 7/15 and everything was just dandy until I got a call on 7/12 (the Friday before closing) saying the IRS never received my husband’s 2011 tax return and the mortgage company will ONLY accept a transcript. So we filed his 2011 taxes that day at the IRS office, and they stamped them received. It is a very simple tax return with only one W-2 and we are owed a refund. The IRS website says an account transcript is available, but a the return transcript still shows “not available.” We have a case open with the tax advocacy and I’ve called the IRS practically everyday, but there doesn’t seem to be anything we can do to speed up the processing. Does anyone have any suggestions???

    Thanks and God Bless!

  • Lauren

    Help!! Can anyone provide any information?? We were told on Wednesday by our Tax Advocate that “an indicator input by the Fresno Service Center indication that a return has been secured” but there is no processing information. What does that mean?? Has anyone used an OAR to expedite the process of their return?? We are at risk of losing our deposit, our home, and my husbands new job if this does not go through in a few days!!!

  • Auston

    Hey Everyone,

    I ran into the same problems as many did on here and not having 3 seperate transcripts before closing. This webiste put my mind at ease and just thought i would share my story. for anyone reading this going through just putting in an offer. MAKE SURE you check and see if your transcripts are avilable as soon as possible. I thought I was going to miss out on my home based on the fact that my offer was accepted on 8/12/2013 I found out about the transcripts and realized i was missing three years worth. I re filed on 8/19/2013 and am scheduled to close 9/16/2013. Needless to say i was very worried but i had a few things working in my favor.

    1. it wasnt tax season
    2. I walked in my taxes to the local IRS office- people say this doesnt matter but it really does.
    3. make sure if you do owe you make a copy of the check yo wrote as proof to your lender.

    I thought having stamped copies like many on here would assist in the process moving foward, but mostly 90% of lenders want them from the IRS directly. I finally had my transcripts available as of 9/6/2013 so about 3 weeks was the timeline. This was a NIGHTMARE as many mentioned so please make sure you research it before hand it really worked out in my case.

    Thanks to all who have posted here. helped me think about different avenues to take to speed up the process.

    -Auston

  • Auston,

    Yes, the stamped returns is a work-around for a few lenders who are willing to work with the clients. It’s not a guaranteed solution for all lenders. I shared this idea since my company offered it, and sure enough, some other lenders will also accept.

  • Daria

    Hello, STAR mentioned she called to talk to someone to see if its gone on to processing. Does anyone have that number? I can’t get through to anyone and my parents cant close on their house without their amended transcripts, as of this next week they don’t have a place to live.

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  • Cecila

    I have a question, my husband and I were working on purchasing our first home and had gone through the ENTIRE process up to closing and were DENIED a loan because someone said that the standard deduction was a business reported on a schedule A?!?!? NOW WE did TRY to itemize but did not spend enough sooo it was NOT reported to the IRS anywhere on our tax return! What can I do we lost thousands of dollars purchasing this house only to be denied for something that is not correct. I do taxes for a living and they are telling me that our business expenses where ADDED to the standard deduction, I am almost 1000% sure they cant do that, am I wrong?
    Any help or advice would be great!

    to clarify there is NO schedule A or form 2106 on my 1040 or the transcript from the IRS

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