ORLANDO, Fla., March 7, 2019 /PRNewswire/ -- For the first time in over a decade, taxpaying Americans can qualify for higher mortgages thanks to an innovative program created by Phil Fleishman of Fleishman & Associates.
"It's a win-win situation for real estate agents looking to get prospective homeowners into their dream home as well as allowing future homeowners to get the maximum mortgage they can afford," said Phil Fleishman, CPA and Founder of Fleishman & Associates.
The program is called the Real Estate Taxpayer Mortgage Qualification Program, also known as MQP, and it's only available through Orlando-based Fleishman & Associates.
"I designed the program from scratch to correct the taxpayer's income reported to the IRS based on accuracy, not on income tax reductions," explained Phil.
A decade ago, taxpayers would prepare an amended tax return resulting in a higher mortgage qualification. Never really filing the return, they would hand it to the mortgage company. Now, mortgage companies deny such stunts as they can simply pull an IRS transcript.
"One perception of CPA's is that we strive to reduce taxpayers' income tax liabilities. For the self-employed and business owners, this is typically accomplished with lower tax income from the business. Unfortunately, this affects the taxpayer's ability to qualify for a mortgage that is commensurate to the taxpayer's cash flow," said Phil.
The process is easy and the fees are based on a fixed schedule. MQP is Phil's new accounting protocol which also presents the information to the underwriter with full documentation and transparency.
"Our unique program has been used to satisfy IRS audits as well," advised Phil.
Fleishman & Associates offers IRS payment plans for any additional income taxes due in a convenient repayment option. All results are certified and participants receive a 25% discount for the following year's work.
Phil is licensed by the Internal Revenue Service to prepare tax returns, electronically file tax
returns, and represent taxpayers before them in Florida, South Carolina, and Ohio.
Their corporate office is located at 1177 Louisiana Avenue, Suite 102, Winter Park, Florida with four more Florida locations opening soon. If you are interested in collaboration or Phil's services, visit the Fleishman & Associates website, FACPAFirm.com, or call the firm at (407) 375-2723 or (843) 224-6875.
SOURCE Fleishman & Associates