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 …

Over our years of dealing with the IRS and working with lenders and small businesses, we’ve come across some common themes of misconception. One of the most prevalent is that …