Monthly Archives: April 2019

Why does my bank need a 4506-T?

Posted on April 22, 2019 by Sandra James

A 4506-T is an IRS form also known as a “Request for Transcript of Tax Return.” This form requests that the IRS send you a copy of the tax return information they have on record, up to ten years prior. … Continue reading →

Posted in 4506-Transcripts, Financial, Home Mortgage, IRS and Tax Transcripts, Small Business Loans | Tagged 4506-Transcripts, 4506t, 4506t and bank, 4506t for loan, 4506t for mortgage, 4506t IRS | Leave a comment

What happens if you get audited?

Posted on April 12, 2019 by Sandra James

There is a five-letter word most of us fear: audit. Movies and television shows have portrayed being audited as a scary experience with men in suits coming to your home and grilling you like a common criminal. The good news … Continue reading →

Posted in 4506-Transcripts, business taxes, Financial, IRS and Tax Transcripts, IRS Tax Audits | Tagged 4506-Transcripts, 4506t, audited, IRS audit, taxes | Leave a comment

What are the chances of being audited?

Posted on April 3, 2019 by Sandra James

The Average American Has a Smaller Chance of Being Audited by the IRS It’s official: taxpayers today have a much smaller chance of being audited by the Internal Revenue Service (IRS). Budget cuts, staff reductions, and changes to collection policies … Continue reading →