Category Archives: IRS and Tax Transcripts

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 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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How far back can I go to get a tax refund?

While it’s recommended to file your taxes each year by the deadline regardless of whether you’re expecting a refund or not, many people neglect this responsibility. However, like all other choices you make in life, there are often consequences of … Continue reading

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What happens if I don’t file my taxes?

We’re now in June and the difficult time of April is long gone with all of its stresses for many, what with the mad rush to get those income taxes filed on time. In fact, there are many who don’t—according … Continue reading

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