Getting Approved by Local Bank with a Partner with Good Credit?

[Greg P.]

Hello, I am planning on purchasing a full functioning commercial property directly through a bank and they are willing to do the financing. My partner has been a investor for many years and has a great track record with good credit, he is also making significant income. On the other hand, I have good credit, but I don't show much for income for 2009, 2010. I've filed for a extension for 2011 and I'm not sure if I should show more income to get approved, but then I will have to file for more taxes. Or, if I should let my accountant do his magic and file for significantly less taxes. Since I have a strong partner who is in on this deal, would you file for taxes (I am planning on doing very soon) at a high income rate and pay out of pocket for taxes or would you let the accountant work the numbers? I'm just wondering if the bank is going to care how I look if the property is doing well and there is at least 1 strong buyer. Thank you.