Tag Archives: IRS

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

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

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

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

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

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

Why does a mortgage company need a transcript of tax return?

When applying for a mortgage, the potential borrower is asked to submit several pieces of documentation to the lender. Documents that are typically required include recent tax returns, pay stubs, W-2 forms, statements from any bank and investment accounts and … Continue reading

Posted in Home Mortgage | Tagged , , , , , | Leave a comment

How long does an employer have to keep your W-2?

Tax season is coming upon us, and many employees are wondering how long their current or previous employers have kept their W-2 forms on file. Record retention varies depending on the documentation that is in question, but there are specific … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment