The latest industry news, IRS changes, commercial lending trends, and Tax Guard updates.
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 …
It’s summertime. Warm days, rest and recreation and…tax scams. Thieves don’t stop victimizing unsuspecting taxpayers with their scams after April 15. Identity theft, phone and phishing scams happen year-round. Here’s …
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 …
It’s common knowledge that the IRS is the most powerful collection agency in the land. Their enforcement reach is vast and can choke a business out of existence by levying …
Sometimes trends are short lived (think the entire 80s) and other times trends gradually evolve into an accepted standard. As such, priorities must shift with trends, especially as they become …
All commercial lenders, regardless of the type of financing offered, have some mix of due diligence in their credit decision process. Whether it’s a function of the pre-closing evaluation or …
The IRS and the Treasury Inspector General for Taxpayer Administration (TIGTA) are continuing to warn taxpayers of the ongoing phone scam that has netted over an astounding $1 million. While …
The tax filing season is well underway for 2014, which means it’s time for the IRS’ annual release of their “Dirty Dozen” tax scams. This list is a collection of …
In a previous blog post we looked at the Notice of Federal Tax Lien as a historical artifact. But we might also say that it is an endangered species. According …
According to a 70-page IRS compliance study on sole proprietors, the IRS with the help of an outside research company, was able to determine which type of business would be …
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