Blog - TaxBandits

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

sticky

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
0 Comments

Posted inin COVID Penalty
Tax Tips

Federal Court Rulings on IRS COVID Penalties: What Taxpayers Need to Know

If you were assessed IRS penalties between 2020 and 2023, you may be eligible to recover what you paid, but time is running out.

Posted byCharles Hardy
June 9, 2026
0 Comments

Posted inin Corrections

How to Correct Form W-2: A Complete Guide

Every January, employers across the U.S. send out Form W-2 to their employees—a summary of wages earned and taxes withheld over the past year. It’s a critical document, both for...

Posted byCharles Hardy
June 5, 2026
0 Comments

Posted inin IRS Updates
Tax Tips

FIRE to IRIS Transition: What to Know Before the IRS Retires the Legacy System in 2027

Discover the key details you need to know before the IRS retires the FIRE system in 2027 and fully transitions to IRIS.

Posted byAnna Bowie
June 5, 2026
0 Comments

Posted inin Payroll

The Hidden Payroll Tax Obligations Every Nonprofit Employer Should Know

Nonprofit employers still have important payroll tax obligations despite their tax-exempt status. Learn what taxes apply, filing requirements, and how to maintain payroll compliance.

Posted byCharles Hardy
June 5, 2026
0 Comments

Posted inin How-To

How to Apply for an EIN Online: 6 Simple Steps for Small Businesses

Applying for an EIN is easier than you think. Learn how to complete the online EIN application in six simple steps and get your business ready for growth.

Posted byVianna Thomas
June 2, 2026
0 Comments

Posted inin Tax Tips

What is the New Hire Report and Why Should Employers Care?

Learn what a New Hire Report is, why employers must file it, reporting deadlines, compliance requirements, and the risks of missing a filing.

Posted byCharles Hardy
June 1, 2026
0 Comments

Posted inin Form 5498 Series

How TaxBandits Saves You Time on 5498 Forms Filing While Ensuring Accuracy

For anyone filing 5498 forms, the pressure is familiar—contribution data spread across multiple sources, strict IRS requirements, and little room for error. The 5498 series alone covers IRAs, HSAs, Coverdell...

Posted byCharles Hardy
May 29, 2026
0 Comments

Posted inin Payroll

S Corp Owners: Are You Reporting 2% Shareholder Health Insurance Correctly on Form W-2?

Learn how S corporation owners must report 2% shareholder health insurance on Form W-2 to stay compliant with IRS rules. This guide explains W-2 box reporting, payroll tax treatment, common mistakes, and how to claim the self-employed health insurance deduction correctly.

Posted byCharles Hardy
May 29, 2026
0 Comments

Posted inin State Withholding

Mastering State Withholding Tax Compliance: Essential Tips for Employers

Managing payroll taxes is one of those responsibilities that looks simple on the surface but quickly becomes complex in real-world operations. Among all payroll obligations, state withholding tax compliance is...

Posted byCharles Hardy
May 28, 2026
0 Comments