Tax Guard Blog

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

Press Release: Tax Guard Ranks No. 207 on the 2014 Inc. 5000 with Three-Year Sales Growth of 2,141%

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 …

Deal or No Deal: Public Record Searches Could Be a Bad Deal

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 …

Tax Guard’s IRS Tax Tip–Avoid Summertime Tax Scams

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 …

IRS Liens vs. IRS Levies: It’s Time to Clear Up the Confusion

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 …

Overview of the IRS Trust Fund Recovery Penalty for Commercial Lenders

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 …

IRS Lien Searches-What The Decrease in Lien Filings Means for Commercial Lenders

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 …

5 Necessary Due Diligence Steps for Factoring Account Receivables

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 …

IRS Warns of “Largest Ever” Phone Fraud Scam Targeting Taxpayers

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 …

IRS Tax Scams of the Year–The “Dirty Dozen”

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 …

Be Alert. Accidents Hurt. Don’t Forget the Subordination

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. …

Deconstructing Clients’ IRS Liabilities — Know When to Hold ‘Em, Walk Away or Run

When it comes to the Internal Revenue Service (IRS), its 94,516 employees and some 73,954- plus pages of U.S. Federal tax code, it’s no wonder there are more than a …

The IRS Filing Less Liens Increases Risks For Lenders

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 …

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