When tax time comes around, we get a ton of self-employed tax questions regarding how different scenarios impact getting approved for a loan. We wanted to summarize how the deduction for mileage is viewed through the eyes of lending. Please consult a tax professional with tax preparation questions. Automobiles used for business purposes have an […]
When qualifying for a mortgage in recent years, many borrowers who received commissions took a hit against their qualifying income if they had unreimbursed expenses on their tax returns. That is no longer the case for some borrowers.