Yes, the lending institution will verify your income. Whether the lender actually will verify that the income tax returns you provide are the ones you filed with the IRS is hard to say, as that depends upon each lender's practice and policies. Inquire of the mortgage company you are dealing with, as only it will know.
Do not attempt to falsify income information in your mortgage application because fraud of such a type has potential remedies in both civil and criminal law.
Normally they require you to sign a document at the closing giving them the right to obtain your tax records from the IRS.
Disclaimer: The above response is not intended to create, nor does it create either an attorney-client relationship or an ongoing duty to respond to questions. It is intended to be solely the educated opinion of the author and should not be relied upon as legal advice. The response given is based upon the limited facts provided by the inquiring person and additional or differing facts might change the response. Attorney is licensed to practice law only in the state of Illinois. Responses are answers to general legal questions and the inquiring party should consult a local attorney for specific answers and advice.
Most mortgage companies require you to complete a form that allows them to obtain a copy of your tax returns at the time you apply for your loan. Without this form they cannot obtain tax information. Your tax information is private.
Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.
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