“You borrowed money from us and never gave us copies of your tax returns! Now it’s time to pay!!”
Is your bank a bully? If you have a commercial line of credit or mortgage chances are your bank wants copies of your income tax returns each year. Some banks are very aggressive and demand copies of returns even if you have a valid extension of time to file with the IRS. The worst banks will make threats, cancel lines of credit, charge penalty interest rates, and impose other adverse actions on their customers.
I’ve seen many clients hounded and harassed by bank loan officers who demand copies of tax returns even when more time is needed to prepare accurate returns. Some bank loan officers can be worse to deal with than the IRS. Here in this article I will explain how you can put a stop to this kind of nonsense and end the harassment.
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