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Tax Guard Blog

The latest industry news, IRS changes, commercial lending trends, and Tax Guard updates.

“No Record Found” – Why the IRS Hasn’t…

Verifying a borrower’s income with the help of IRS tax return transcripts sounds simple, but unfortunately, the reality is often far more complicated. It’s not uncommon for lenders looking to verify a borrower’s tax returns with the IRS to receive a “no record found” notice. Learn more about the common pitfalls that can stop a loan in its tracks.

Posted By Jess Bramlett - Feb 21, 2023

The Tale of IRS Form 4506-C vs. IRS…

As a lender, do you know what really happens when you file a tax return transcript request with the IRS for one of your borrowers? It’s quite an adventure. Read on to discover how lenders and the IRS deal with the Form 4506-C vs. Form 8821, and to see which one has optimal results.

Posted By David Bohrman - Nov 15, 2022

Payroll Tax Deposit Data — The Key Piece…

The underwriting process is kind of like assembling a 1,000-piece puzzle. Do you know which single piece of data acts as an essential corner piece, giving you immediate insight into a business’ overall financial health? Read more to find out.

Posted By David Bohrman - Jun 17, 2022

The IRS Is Back and Just Hit the…

Government agencies and large businesses may be returning to somewhat “normal” operations, but many taxpayers — like small to midsize business (SMB) owners — are still financially reeling from the …

Posted By David Bohrman - Aug 16, 2021


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