The latest industry news, IRS changes, commercial lending trends, and Tax Guard updates.
The $80 billion recently allotted to the IRS over the next decade should offer much-needed technological upgrades and improved hiring efforts, allowing for more auditors and customer service professionals. What’s the catch? Read more to find out.
Kickstarting the fight against the ever-growing tax gap will be a federal and national effort IRS Commissioner Charles Rettig recently testified before Congress about the state of the tax gap …
On July 1, 2019, The Taxpayer First Act of 2019 was signed into law, which aims to broadly redesign the Internal Revenue Service. Many lenders are potentially affected by the …
There are those who believe that if a tree falls in the woods, and no one is there to hear it, it doesn’t make a sound. Among them, potentially, is …
Has your business ever received a large cash payment and you weren’t quite sure what your reporting obligations were for that large payment? Or have you ever wondered what the …
IRS has some reliable calendar resources for commercial lenders and all businesses to plug into at any time of the year. With the dizzying array of timelines for return and …
April 15 was the tax day deadline for most people. If you are due a refund there is no penalty if you file a late tax return. But if you …
…and it’s only going to get worse. Not to be an alarmist here, but it’s safe to say that dealing with the IRS on any level has never really been …
This article was originally published in Commercial Factor and focuses on important trends at the IRS. Knowing these trends you are able to be more proactive with the IRS. A leg is perceived to be …
Hard to believe, but this IRS scam is still taking making its rounds. As incidents of an aggressive telephone scam continue across the country, we at Tax Guard want to …
If you’re a lender trying to determine whether or not a borrower has an outstanding tax liability to the IRS, you likely search public records to detect if any federal …
The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently …
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