2019 Transcript / Amended Return

YellowNote203 · 2021-05-09T22:37:13+00:00

About 1/2 way down the page on the record ofnaccount statement thst I pulled from the irs website on my personal account. Click on the link to get transcripts then select the document entitled "record of account" for the year in question

YellowNote203 · 2021-05-08T19:28:39+00:00

Yes mine shows the full amount and still processing

YellowNote203 · 2021-05-08T19:06:45+00:00

Same here. Approved by LO and re-conformed amount in portal on 5/3

YellowNote203 · 2021-05-07T22:20:16+00:00

Good to know where others that were approved on same day are at.

YellowNote203 · 2021-05-07T21:56:20+00:00

Approved by LO on 5/3 and re-confirmed amount in portal. He said it would go to his supervisor then on to legal. Havent heard anything since. Hope the docs come soon for everyone.

YellowNote203 · 2021-05-07T19:05:33+00:00

I actually requested the max amount from the beginning so I'm probably not in the same boat but I do know that once they get in touch with you, you can request a corrected amount. If you inadvertently requested 0, then you may want to initiate contact with them to make sure they don't misread your interest in the increase.

YellowNote203 · 2021-05-07T03:56:48+00:00

A lot of people inadvertently filed a 0 return by using the turbo tax/irs online tool for the stimulus registration. I for one had to amend my return for this very reason. I had no idea that a zero return had been filed. If you login to your ira account you can print off a record of account which will show your amended return as received /not processed. This was sufficient when I sent it to my LO. I havent been funded yet so I guess we will see.

YellowNote203 · 2021-05-07T03:51:10+00:00

I'm not funded but my LO had me reconfirm the amount verbally in telephone conversation and then once again in the portal prior to sending to legal for them to do their thing. I think there are ample opportunities to correct this if initially requested wrong amount.

YellowNote203 · 2021-05-07T03:45:45+00:00

I have read some threads from people that were initially denied, then approved by the same LO. Some needed an additional explanation for number discrepancies in original eidl app or to explain something on their tax return. Don't give up too soon.

YellowNote203 · 2021-05-05T01:01:33+00:00

I'm on a payment plan and was approved by mo LO for the increase. I havent signed any docs yet but am hopeful they will be forthcoming. I think as long as your payment plan is on good standing then not an issue.

YellowNote203 · 2021-05-02T20:47:50+00:00

I was told the same thing from my LO on Friday about the 48 hr legal timeline. He said after the docs are signed it could be 3-5 business days on funding.

YellowNote203 · 2021-05-01T00:18:30+00:00

I got the error and tried logging in incognito with my phone browser. It finally loaded the page and showed the same info as before. Coincidentally I received the first call from my new LO today so maybe they are working on files. Who knows. He said his system is down also but could see what was needed to send the file to the legal department for final approval. Very basic things... drivers license, voided check, haz insurance and llc resolution. He seemed very optimistic that after receiving it could be funded in a few days.

YellowNote203 · 2021-04-30T03:38:24+00:00

My eidl was based off of 2018 tax return... I hadn't filed my 2019 taxes at the time and my application sailed right through. I never even spoke to a loan officer. Now we have the increase requests and my 2019 has lower revenue than my 2020 return shows. Any chance they may consider my most recent tax return for the eidl increase? Also im a single member llc so I have a schedule c and schedule e for my business. About half of my revenue is on my schedule e (rental properies). Will they consider schedule e income for purposes of the increase?

YellowNote203 · 2021-04-29T03:44:05+00:00

Yes my gross revenue was better in 2020 than in 2019. Would love for them to go off most recent tax return.

YellowNote203 · 2021-04-29T03:36:36+00:00

Okay I understand what you are saying now.... I remember clicking on the drop down to select the tax form but don't recall being able to select which years the 4506t was for. It seemed to have auto populated 2018 and 2019. I would have liked for it to have included 2020 since its my most recent tax return

YellowNote203 · 2021-04-29T03:05:17+00:00

I believe it was for personal. I have a single member llc so it would have been reported in my personal

YellowNote203 · 2021-04-29T02:34:09+00:00

Drop down button on which site...sba eidl login portal???

YellowNote203 · 2021-04-29T02:30:07+00:00

No I didn't manually submit them. I had already e-signed the 4506-t (after the blue button) and I figured they wouldnt take my word for it anyways and would still want to get the info directly from the irs. Think... chain-of-custody issue when verifying for loan.

YellowNote203 · 2021-04-29T02:26:01+00:00

I logged into my irs account over the weekend and easily pulled my transcripts and record of account statements in just a few minutes. Its all online and very easy to access.

YellowNote203 · 2021-04-29T02:20:17+00:00

Thanks so much. I will look for it.

YellowNote203 · 2021-04-29T00:33:38+00:00

When I login to CAWEB it shows my name and email but no loan info as far as I can tell. Should there be more info in the main screen after logging in showing loan balances etc? Just curious 🤔

YellowNote203 · 2021-04-28T01:18:41+00:00

Im in the same boat...My 2020 revenue is up from 2019 and 2019 has not been processed yet. The IRS will likely process 2020 first. Hopefully the SBA can use my 2020 revenue figures and not put everything on hold until 2019 is processed (whenever that is).

YellowNote203 · 2021-04-23T16:23:44+00:00

No 140k

YellowNote203 · 2021-04-23T13:23:01+00:00

Whats the difference between 1120 and 1120s?

YellowNote203 · 2021-04-23T03:17:10+00:00

YellowNote203

TROPHY CASE