Category Archives: 4506-Transcripts

Are credit unions good for a small business?

Using a credit union for your small business can be a big decision with far-reaching effects. There are lots of factors to consider with this decision, but the first thing you need to ensure is you understand exactly what a … Continue reading

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What are the types of business taxes?

The Types of Business Taxes When running a business, it’s best to keep up with your taxes to avoid penalties. Throughout the year, a business can pay the taxes that they owe from their annual income quarterly or yearly. In … Continue reading

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Why does my bank need a 4506-T?

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

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What happens if you get audited?

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

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What are the chances of being audited?

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

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