I am buying a vehicle. My credit took a bad hit in 2009, and the bank is requesting an IRS form to show if I had earnings or loss. What is this, and will it affect my loan status if I owe money to the IRS?
From the sound of it, they are looking for your reported income. If you own your own business or the bank otherwise has a hard time verifying your income, this is normal. If you owe the IRS, that would certainly be added to your indebtedness.
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From the sound of it, they are looking for your reported income. If you own your own business or the bank otherwise has a hard time verifying your income, this is normal. If you owe the IRS, that would certainly be added to your indebtedness.
