I'll second flyfisha1's repsponse. Check out the pic below. If you pull the loop part way through then cut the tag end before pulling the loop all the way through the tag will be buried under the wraps. Try to get the tag at least 3/4 of the way under the wrap.
Use the same size thread for creating the loop under your wrap. I only used that yellow backing to show contrast. A thick material like the 30lb backing can leave you with a loose wrap.