The latest industry news, IRS changes, commercial lending trends, and Tax Guard updates.
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 …
BOULDER, Colo., Aug. 22, 2014-Tax Guard, a tax risk due diligence service for lenders, announced that it was ranked No. 207 overall on Inc. Magazine’s Inc. 500, an exclusive ranking …
Let’s make a deal. You pay me to go knocking on the door of each and every county clerk and recorder in the country to screen your client for liens …
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 …
This article was originally published in the January/February edition of Commercial Factor and focuses on subordinations of federal tax liens and if they are necessary. Seat belts save lives – but you have to use them. …
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