Most factors have heard of the 45-Day Rule, but the intricacies and complexity involved can certainly make it confusing. Given that there are a lot of aspects of the rule …

The wisdom of the saying, “Never put off until tomorrow what you can get done today” is not lost on me. Unfortunately, I am more likely to follow the, “If …

Our Voluntary Tax System The U.S. runs under a voluntary tax system. This doesn’t mean “voluntary” in the way that the word “voluntary” is normally used. In fact, it’s quite …

“The failure to pay the collected taxes will frequently, but not always, signal that the business is about to fail.”  Keith Fogg, Professor of Law, Villanova University School of Law, …

This is the third post in a three-part series on what lenders need to understand about IRS levies to foresee risks and mitigate exposure. Be sure to subscribe to the …

Myth 1: If no federal tax lien has been filed, my collateral is safe. Your collateral can be seized without notice. Many lenders don’t realize that the IRS doesn’t have …

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 …

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 …