Behind The No-Doc Curtain
November 24th, 2006 by 
reality
From the Baltimore Sun: “If the IRS wants to spot large numbers of people who are stiffing the tax collectors, it might want to consider auditing a fast-growing segment of the home-mortgage market…. 63 percent of brokers said they knew their self-employed clients had “unreported income” that they wanted to keep off the record…. Forty-five percent of the brokers in the study said a ’significant’ reason for their clients to avoid full documentation is that they are ’self-employed’ but have not filed tax returns.”
Posted in Real Estate, Rogues and Rascals | 