2020 Tax Return Requirements
The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will automatically extend from April 15, 2021 to May 17, 2021.
If the borrower has not filed their tax returns, NewRez will not require the borrower’s federal income tax returns until May 17, 2021.
This is applicable for all products. See the Allowable Age of Tax Returns in the Underwriting Guide or Product Guide for complete details.
Please reference the Underwriting Guide or Jumbo Product Guide in the Credit Policy NewRez Lending Library for the changes outlined in this announcement.