Choosing the wrong Form 5500 variant isn't just a paperwork mistake, it can trigger major penalties. This guide breaks down exactly which form your plan needs, what changed in the 2023 participant-counting rules, and how to fix a filing error before the DOL finds it first.
If you withhold Illinois income tax, Form IL-941 is how you report it, and the details matter: it's quarterly only, Schedule P goes with every return even when you withheld nothing, and e-filing is mandatory. Here are the 2026 deadlines, payment schedules, and rules for fixing a filed return.
Starting in tax year 2026, the reporting threshold for Form 1099-NEC and most Form 1099-MISC payment categories rises from $600 to $2,000. The change comes from the One Big Beautiful...
California employers have several payroll reporting requirements to keep up with, from reporting new hires on Form DE-34 to filing quarterly Forms DE-9 and DE-9C. This guide covers what each form is, the information you need, filing deadlines, and potential penalties for late or missing reports.
The IRS is retiring FIRE on November 19, 2026, and every information return filed after that date must go through IRIS instead. TaxBandits handles the entire transition on the back end, from automatic XML conversion and stricter validation to filing under its own IRIS authorization, so you don't have to rebuild your workflow from scratch.
941 software splits into two types: e-file services that just handle the form, and payroll platforms that file it automatically as part of running payroll. Quick answer Dedicated e-file services...
Lenders that issue qualifying vehicle loans must file Form 1098-VLI to support a new federal deduction established by the One Big Beautiful Act (OBBBA). Understanding who must file, what information is required, and when to file is essential as lenders prepare for this upcoming filing season.