As stated many times below, it's a good idea to get square with the IRS. I'm not sure if anyone actually answered your question though. If so, then pardon me.
I'm guessing your question is, can you buy a home if you have set up a payment plan with the IRS? I would (guess) the answer would be yes. As long as you file your taxes and are making good on what you owe I don't see that prohibiting a loan approval.
Please consult a mortgage lender for more accurate info.
Whatever you do though...Get right with your Uncle!!
Remax / Lakeland
Are you self employed? Have you saved your receipts and business expenses?
This would be the first step to know what you are up against.
I have an excellent one in Canton, if you want to email me your contact information.
Then you will know if you can find a home right away. They will have to be filed before you can purchase as a lender will need to see them before loaning you money for a mortgage.
There are programs in Michigan that loan with a credit score of 659.
Tax returns are required with the standard income documentation when you apply for a loan. There is also a form called a 4506-T which you grant the bank the right to order a copy of your tax return directly from the IRS. Chances are, without tax returns on file, you're going to have a difficult time getting an underwriter to approve your loan.
I'm not an underwriter, and I can't approve or deny anyone, but I've done mortgages since 1998 and strongly suspect this would get caught along the way. Your best advice would be to meet with a lender and start the process, before you go looking at homes. If you apply for Pre-approval with your situation being clearly understood by your loan officer, you can find out for certain what the best solution will be.
Since filing and paying your taxes will likely be part of the solution, you can start this process right away to find out exactly what your liability will be.
That way the IRS will have something to attach a lien to when they find out you owe taxes.
You need to talk to a tax attorney tomorrow about your unpaid taxes. If you're income is $73,000 a year and you have had no withholding (which makes you self employed I would guess) the tax bite should be around 15 percent of your income - plus penalties.
And you can probably forget about getting a mortgage. If you don't have tax filings from the last two years to show your mortgage officer, you won't get a loan.
If you've made $144,600 over the last two years and haven't filed or paid any taxes, it's only a matter of time before you hear a knock at your door.
Also, any mortgage lender is going to request your income tax returns for the last two years.
Imagine their surprise when you tell them that you've not bothered with those pesky things.