Tax Guard

09/04/2024

As a small business lender, have you ever come face to face with the unsettling reality of fraud? 🕵️‍♂️

Fraud can strike unexpectedly, and that's why it is more important than ever to take a proactive stance in your due diligence practice.

Discover key insights from Tax Guard CEO Hansen Rada on how to safeguard your investments in his most recent blog:

Amidst economic turmoil, many have turned to fraudulent methods to secure business financing. Lenders should prepare for it to get worse in the months ahead.

08/27/2024

Have you ever wondered what all the IRS tax forms requested on an 8821 are? 🤔

This form enables us to obtain copies of various documents tax forms, including specialty, income, and payroll tax forms.

If you're seeking a better understanding of these forms, check out our helpful guide curated by expert Alex Leroy which provides key details on business and entity filings' significance, frequency, and transcript availability.

A lender's guide to navigating the most common IRS tax forms requested on the Form 8821.

07/26/2024

At Tax Guard, our people are integral to our mission. Without them, we would not be able to offer our tax data solutions to customers nationwide. One of the employees we’d like to highlight for their contributions is Billie Porterfield, a superstar on the Customer Success team!

A few fun facts about Billie:
🏔 Colorado Native
🏈 Die-hard Denver Broncos fan
🎸Amateur guitar player
🍬Black licorice enthusiast

07/12/2024

Obtaining and analyzing federal tax returns is crucial for evaluating a potential borrower's creditworthiness. So, what happens if the borrower amended their originally filed returns? 🤔

Understanding the impact of these amendments is essential to avoid potential obstacles in the due diligence process. Read our blog by our very own Senior Manager of Customer Success, Alex LeRoy, and uncover key insights to feel confident while navigating amended federal tax returns.

Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.

06/27/2024

🎥 Webinar Rewind 🎥

Last week, Rachel Libowitz, Senior Tax Advisor, and Rich Porterfield, Director of Accounts, hosted a webinar about understanding and leveraging federal tax deposits to proactively address potential exposure.

Check out the recording to uncover how to protect your funding from surprise IRS penalties and walk away with effective strategies to resolve tax issues and safeguard your bottom line.

Watch the full video here:

06/18/2024

If you've ever filed a , you know how critical it is to get everything EXACTLY right. You may have heard of "the drivers license rule" in section 9:503(a)4. This rule, adopted by most states, requires the debtor's name on a UCC financing statement to match the name on their valid driver’s license.

Despite this clear guideline, recent cases reveal that some secured parties still aren't complying, risking their priority. Read more in Cogency Global Inc.'s blog to avoid this common pitfall.

Failure to list an individual debtor's name exactly how it appears on a drivers license can result in a misleading UCC financing statement.

06/13/2024

📢 New Webinar Alert! 📢

Tune in next week for our latest webinar hosted by Tax Guard’s Rachel Libowitz and Rich Porterfield on tax liabilities and how to identify exposure to the IRS.

Our experts will explain payroll and income tax basics, different payroll service provider models, the penalties that can blindside your business, and proven methods to rectify tax issues and protect your bottom line.

Reserve your spot for this webinar today!

06/10/2024

Today, we officially announced our new partnership with Ventures Lending Technologies!

We’re excited about the new efficiencies this will unlock for Tax Guard customers. This integration leverages technology from both organizations, allowing customers to manage all their federal tax data needs within the Ventures platform. We look forward to working together and continuing to streamline the due diligence process for lenders!

Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.

05/24/2024

We understand the importance of thorough due diligence in lending, so we're excited to partner with Cogency Global Inc. to offer comprehensive lien search and filing solutions. Our collaboration provides you with the insights and compliance tools you need to make informed lending decisions.

When it comes to securing loans, understanding every aspect of your collateral is crucial. Discover more in Cogency's recent blog and don’t miss out on this vital piece of the due diligence puzzle!

Searches at the U.S. Patents and Trademark Office and U.S. Copyright Office are important pieces of a due diligence strategy.

05/13/2024

📣 Breaking Down the 45-Day Rule 📣

Are you familiar with the tricky nuances of the 45-day rule imposed by the IRS? As a or asset-based lender, you may have heard of it, but its complexity can make it difficult to understand and even put you in a position to lose your loan collateral. For this reason, we’ve decided to break it down for you – by shedding light on the five key things to know about the 45-day rule.

Read our latest blog post to uncover the key takeaways so you can protect your portfolio, preserve your funding relationships, and fund with confidence!

You may have heard of the 45-day rule, but the intricacies and complexity involved can make it confusing. Uncover the five key things you need to understand about the 45-day rule.

03/07/2024

It's our first conference of the year and we're having a great time at the Southeastern Small Business Lending Conference! 🎉 Swing by Tax Guard booth #8 to meet Heather Luckey and Alex LeRoy and learn how lenders can reduce rejections and get tax return transcripts in 4 hours.

02/20/2024

The credit landscape is rapidly changing amidst rising loan defaults, presenting a troubling new reality for the world of .

The S&P Global Ratings forecast the US loan default rate is poised to reach an all-time high this year, meaning sound lending opportunities are harder to find than ever.

With today's economy, it's never been more critical to make informed credit decisions. Check out our latest blog for an in-depth look at how Tax Guard can revolutionize your lending process, help you navigate economic uncertainty, and empower better lending choices.

The lending landscape is in a state of transformation, and with rising loan defaults, lenders are facing new challenges. Read on to learn about Tax Guard's insights to help lenders navigate this uncertain lending ecosystem.