Hello,
Long story short, I'm currently under contract to buy a house in late January and found out my 2018 taxes never got filed. I filed for extension and mailed out before deadline, but my taxes never got filed. Must have got lost in mail. I resent certified and got there on Thursday the 19th. How quickly does IRS take to process the return, knowing that I'm not expecting a refund since I paid. I just need it so my lender pulls a 4506-T and can pull transcripts.
Thanks you
Have you heard of being filed quicker than 6 weeks? I'm suppose to close on the 22nd, and that seems really close to the deadline.
@Chad Keller wrote:
Have you heard of being filed quicker than 6 weeks? I'm suppose to close on the 22nd, and that seems really close to the deadline.
The IRS will not start accepting any type of 2019 tax return until January 15, 2019. It could be 3 weeks or longer after the IRS receives the e-filed tax return before the IRS processes, approves and sends a tax refund.
This is for a 2018 tax return that never got filed. I'm not worried about refund since I'm not getting one since I had to pay additional taxes. I just need it filed. I sent my taxes and was received by IRS on the 19th certified mail.
@Chad Keller wrote:
This is for a 2018 tax return that never got filed. I'm not worried about refund since I'm not getting one since I had to pay additional taxes. I just need it filed.
For a mailed tax return the IRS usually processes the return within 6 weeks after the return is mailed.
If you owe taxes on the 2018 return you can pay those taxes on the IRS payment website using Direct Pay - https://www.irs.gov/payments
I've already paid what I owed. Most likely I over paid. I just need the taxes filed so my lender can pull a transcript. I wasn't sure if there was any individual or anyone knew if it goes the full 6 weeks to process or if it processes sooner that 6 weeks, like 3 or 4 weeks.
Your question is really how soon a transcript will be available. I'm not sure that happens instantly after the return is processed, especially for a past year. I suggest that you discuss with the lender whether they could be a little flexible about the requirements. Maybe they would accept a copy of the tax return and the certified mail proof of delivery. Sometimes the first-line lender representatives just rigidly follow a checklist. Ask to talk to someone higher up. Your real estate broker or mortgage broker might be able to help, too.