Author Archives: Sandra James

How is a line of credit different from a loan?

Many consumers looking to borrow money wonder whether they should go with a personal loan or a line of credit. While both lending products have similarities, the way they work is quite different. A line of credit is seen as … Continue reading

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How Does a Bank Verify Employment?

When you apply for a mortgage or another type of loan, the lender will typically need to verify your employment before they can approve you. Along with contacting your current employer, lenders will also want to verify any documentation you … Continue reading

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How Do You Qualify for a Small Business Loan?

You’ll need capital to cover expenses like product inventory, payroll, insurance and advertising when starting a small business. While drawing money from your personal savings is an option, most entrepreneurs lack the cash on hand to launch their business. Thankfully, … Continue reading

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How far back can the IRS go to audit my taxes?

You may think that you are in the clear once your tax refund check arrives. However, this is not necessarily the case, and you should keep a copy of your tax return in case the IRS decides to audit it. … Continue reading

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What is considered tax fraud?

Income tax fraud is purposely disobeying tax law or working to defraud the Internal Revenue Service (IRS). The IRS is very specific about which actions constitute fraud. Filing a false tax return, failing to report all income, and purposely not … Continue reading

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