Author Archives: Sandra James

How often does a small business have to pay taxes?

While businesses are only required to file an income tax return once a year, there are several other factors to consider when discussing business taxes. One of these is the due date of the business’s tax return which is dependent … Continue reading

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

How do taxes work for a small business?

Owning a business is a dream that many people share. When you are going to be a business owner, it is important to understand all of the expenses that your company will incur. One cost that a lot of business … Continue reading

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

Do you need to register your small business?

Starting a small business is an exciting experience. After weeks, months, or even years of planning, you are finally getting to see your dream become a reality. But amid all the anticipation, it is important to take care of the … Continue reading

Posted in 4506-Transcripts, business taxes, Small Business Loans | Tagged , , , | Leave a comment

Why does your lender want a Form 4506-T from you?

In the simplest terms, it’s a form that lenders use to verify you filed a tax return and confirm the income you reported on your mortgage application. On the other hand, it can also prove that you didn’t file a … Continue reading

Posted in 4506-Transcripts, Financial, Home Mortgage | Tagged , , , , | Leave a comment

Is a tax return transcript the same as a tax return?

When you’re applying for a mortgage, auto or business loan, you’ll be asked for a variety of documents to prove your income. The lenders will typically ask for your credit history, information on your debt, recent paystubs, legal documents like … Continue reading

Posted in 4506-Transcripts, Financial, IRS and Tax Transcripts | Tagged , , , , | Leave a comment