April 18th is the last day to file 1040 tax returns with the IRS for the year 2017. (This was extended for one day after an IRS online system problem on April 17th.)
After April 18th, tax returns are required to be submitted to all files in the NACA Purchase Program in order to obtain NACA qualification or for NACA Credit Access to be granted. Likewise, 2017 tax returns will be required for all files in the NACA Home Save Program. Files in either program cannot move forward without the tax return after the 18th.
For Taxes filed after March 18th where the 2017 transcripts (not returns) are not yet available, 2015 and 2016 transcripts are still acceptable. However, proof of 2017 filing (payment of taxes, tax return received or IRS stamp) will be required for files before they can go to a participating lender. For all other files, 2015 and 2016 IRS 1040 transcripts are required.
Please note: Filing a Form 4868 (automatic extension of filing deadline) will not exempt NACA members from the above requirements. Also, failure to pay any taxes owed will also halt the progress of a file.
Please contact NACA Member Services at 425-602-6222 with any questions.