Category Archives: business taxes

How do I get my adjusted gross income?

Tax season is approaching quickly. Few people feel comfortable filing their taxes without a professional looking at their tax return. One of the most critical aspects of a tax return is the adjusted gross income. The adjusted gross income determines … Continue reading

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Does Gifting Reduce Your Taxable Income?

If you are like other hard-working individuals who are disappointed to see the IRS take a sizable bite out of their checks, you could be wondering how you can reduce the amount of taxes you owe each year. You might … Continue reading

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Can I Give Someone $1 Million Tax-Free?

You might think you can give money or property away without needing to document it on your tax paperwork, but that is not the case. At this point, you likely want to know whether or not you can give someone … Continue reading

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What Borrowers Should Know About A 4506-T

If you’re applying for a mortgage or other loan, your lender may ask you to sign an IRS Form 4506-T. This form allows the lender to request your tax transcripts directly from the IRS for the last three years. A … Continue reading

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What is a 4506t?

Form 4506t is a Federal tax form commonly referred to as the Tax Transcript form. This common form is used to: Request a personal tax return copy Designate a third party to receive a personal tax return copy Form 4506t … Continue reading

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