Blog - TaxBandits

Most Companies Build Software. We Built a Commitment — The Bandit Commitment

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Posted inin The Bandit Commitment

Most Companies Build Software. We Built a Commitment — The Bandit Commitment

In tax compliance, responsibility doesn’t begin at submission, and it certainly doesn’t end there. A filing may be transmitted in seconds, but its implications can surface months or even years...

Posted byCharles Hardy
December 26, 2025
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Posted inin Tax Notices

Understanding IRS Notice CP544: What It Means and How to Respond to IRS Taxpayer Delinquency Notices

Getting an IRS notice in the mail can feel alarming — but not every notice is bad news. IRS Notice CP544 is actually a signal that something has been resolved....

Posted byCharles Hardy
May 18, 2026
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Posted inin Tax Notices

Understanding IRS Notice CP543: What It Means and How to Handle IRS Backup Withholding

You’re going through your mail and find a letter from the IRS — Notice CP543. Before you assume the worst, take a breath. This notice isn’t a penalty against you...

Posted byCharles Hardy
May 15, 2026
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Posted inin Form 5498 Series

Understanding the 5498 Series Forms: A Complete Breakdown

When you contribute to a tax-advantaged account—whether it’s for retirement, healthcare, education, or disability savings—the IRS needs to know about it. That’s exactly what the 5498 series of forms is....

Posted byCharles Hardy
May 15, 2026
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Posted inin Payroll
Tax Tips

OBBBA’s “No Tax on Overtime” Rule: What Small Business Owners Must Report on 2026 W-2s

Employers should review payroll processes, overtime calculations, and W-2 reporting requirements to ensure accurate employee wage reporting and tax compliance.

Posted byCharles Hardy
May 15, 2026
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Posted inin Conferences

TaxBandits at Sage Future 2026: What Stood Out Most

Excitement buzzing in the air, engaging conversations with industry leaders, and insightful presentations on what’s next in accounting and business technology. Who could ask for more? From April 28-30, the...

Posted byAnna Bowie
May 13, 2026
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Posted inin Form 1099 Series

1099-DA vs. 1099-B: How Crypto Tax Reporting Differs from Stock Reporting

Understand how Form 1099-DA differs from Form 1099-B and how the IRS is changing crypto tax reporting. Learn the key differences in cost basis reporting, wash sale rules, and digital asset transaction reporting.

Posted byCharles Hardy
May 8, 2026
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Posted inin Form 5498 Series

What is Form 5498 and Why Does Your IRA Custodian Send It?

Every spring, millions of IRA holders diligently gather their W-2s, 1099s, and various tax documents to file their returns. And then, just when they think they’re done, another envelope arrives...

Posted byCharles Hardy
May 7, 2026
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Posted inin Form 1099 Series

What is IRS Form 1099-DA? The Complete Guide for Crypto Investors

If you traded, sold, or exchanged cryptocurrency in 2025, your tax situation just got a lot more structured. For the first time, centralized crypto exchanges are required to report your...

Posted byCharles Hardy
May 7, 2026
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Posted inin Tax Notices

Tax Levy Notices: What to Do When You Receive One

Receiving a tax levy notice can be an unsettling experience. The official language, the bold warnings, the mention of asset seizure—it’s designed to feel serious, and it is. But here’s...

Posted byCharles Hardy
May 6, 2026
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