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URL:  https://boards.fool.com/self-employed-mortgages-29455253.aspx

Subject:  Self-employed mortgages Date:  8/3/2011  6:49 PM
Author:  ptheland Number:  113834 of 129658

Just out of curiosity, what are other tax pros seeing in terms of requests from mortgage lenders? And how are you responding for your self-employed clients?

I have one self-employed client that recently asked me for what amounts to a compiled financial statement. I did that, but it wasn't good enough for the underwriters. They want me to say that what is on the financial statement matches what is reported on the tax return. Can't they look at the two and compare the numbers for themselves?

In this case, I refused, as all I see is potential liability for me.

--Peter
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