Tax Guard Blog

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

If Toddlers Wrote Letters to the IRS…..

Whether we like it or not, the world can be a serious place. With all the talk of foreign affairs, political wrangling, or in Tax Guard’s world, the mighty IRS …

IRS Reports Which Small Businesses Are Least Likely to Pay Their Share of Taxes

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 …

Lenders Take Note–The Notice of Federal Tax Lien is a Historical Artifact

If you’ve ever purchased a home, you may remember that in the middle of that long, tedious closing one momentous and yet concise document was suddenly pushed before you. There …

IFA Small Factors Presentation: Tax Guard’s Roundup

On October 25, Tax Guard’s Jason Peckham, Esq. provided an educational seminar at the IFA Small Factors meeting in Las Vegas, NV, to discuss these misconceptions and provide guidance on …

Staffing Factoring Fraud: Using Tax Guard to Mitigate Risks

It’s Halloween season and we’re hearing about a fresh scandal in the staffing industry that is all trick and no treat for factors. Start with the owners of a Rochester, …

Think the IRS Form 8821 Covers Your Lending Tax Risks? Think again.

The IRS Form 8821, Tax Information Authorization, is an important tool for many lenders and their tax due diligence process. But misconceptions about Form 8821 can cost a lender a …

Your Underwriters Will Love You: Increase Your Tax Due Diligence Efficiency

For lenders, gathering and verifying tax compliance data can be a time-consuming and imperfect endeavor. Most importantly, this due diligence undertaking may not even produce a complete tax risk snapshot …

IRS Liabilities: IFA Webinar Roundup

Last week, Tax Guard teamed up with the International Factoring Association to present an educational webinar on the important steps the IRS must take in order to enforce collections. The …

IRS Proposal May Affect Banks in the Long Run

A recent article from CNBC reveals the uncertainty brewing around a new IRS proposal that involves non-resident bank accounts (NRA’s). The IRS rule is raising some eye brows among South …

Monthly Gobble: Statistics You Should Know About

Welcome to this week’s Thanksgiving Edition of the Tax Guard Blog. Here we will present you with what we have discovered about lending and risk. These numbers are rolling in …

CFA Wrap-Up: Tax Guard visits the City that Never Sleeps

Faster than a New York Minute, the CFA convention has come and gone but, Tax Guard had a great time taking a bite out of the Big Apple. Here’s what …

Tax Guard Published in The Secured Lender

Director of Business Development, Jason Peckham Esq., was recently published in  The Secured Lender. This is a bimonthly publication by the CFA dedicated to supplying information to the asset-based financial …

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