The way I read your version of what happened, both lenders have told you something wrong. Even if you file an extension you must provide the raw data from 2012 and year to date 2013 that will ultimately go on your tax return. Just because you filed it and had time left on the extension doesnâ€™t matter. The numbers must be the same either way. You canâ€™t tell the government one thing on the tax return and something different on the loan application. The same government that audits your personal tax return is the same one that audits your lender. And guess what, they donâ€™t even need a warrant to look at either, they have them both at some point.
I am sorry you are having trouble but the source of the problem sounds to me like playing games with figures on tax returns. If you knew you were going to owe taxes and were trying to hide it from lenders that was a bad ploy, and ultimately would have surfaced in the processing stage.
Now for the good news, it is only temporary and you have learned a lot about how the mortgage system works. Next time you can use the IRS as a credit reference if you pay them off as agreed.
Use the system to build your case for the next move, get a copy of the budget form that was published by Freddie Mac and track everything, it looks official because it has their logo on it, the underwriter will be impressed. If you can't find it online there is a copy posted some where on my site, I linked it for you below. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.