Blog – TaxBandits – Payroll and Employment Tax Filings

Guarding Yourself From Tax Scams – Things You Should Know!

Scammers are always seeking to take advantage of businesses, learn how to avoid schemes...

Corporate Transparency Act Update: Temporary Halt on FinCEN’s BOI Reporting Enforcement: What It Means for Businesses?

TaxBandits accepting 2024 ACA 1095 forms

File Your 2024 ACA 1095 Forms with TaxBandits – Now Accepting Filings!

The IRS Extends Third-Party Claim Deadline to Resolve Improper Employee Retention Credit Claims

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Current Events

Guarding Yourself From Tax Scams – Things You Should Know!

Stephanie Glanville | December 13, 2023 | Read time: 6 minute(s)

Scammers are always seeking to take advantage of businesses, learn how to avoid schemes this tax season!

Tax Tips

Corporate Transparency Act Update: Temporary Halt on FinCEN’s BOI Reporting Enforcement: What It Means for Businesses?

Stephanie Glanville | December 7, 2024 | Read time: 5 minute(s)

The recent nationwide injunction temporarily halts the enforcement of the Corporate Transparency Act and BOI reporting obligations.

ACA Forms

File Your 2024 ACA 1095 Forms with TaxBandits – Now Accepting Filings!

Stephanie Glanville | December 4, 2024 | Read time: 6 minute(s)

You can start e-filing for 1095-B and 1095-C for the 2024 tax year!

Deadline

The IRS Extends Third-Party Claim Deadline to Resolve Improper Employee Retention Credit Claims

Stephanie Glanville | December 4, 2024 | Read time: 6 minute(s)

Third-party payers, such as payroll providers and tax preparers, have until December 31, 2024, to assist their clients in correcting these claims.

BOI Reporting

TaxBandits Introduces BOIR Protect: One Year of FinCEN Compliance Coverage

Stephanie Glanville | December 3, 2024 | Read time: 4 minute(s)

Learn what this coverage includes and the benefits of choosing this option when filing your BOI report with TaxBandits.

Difference between a beneficial owner and company applicant

BOI Reporting

Beneficial Owners vs. Company Applicants: What’s The Difference?

Stephanie Glanville | December 3, 2024 | Read time: 5 minute(s)

Learn how FinCEN defines beneficial owners of a reporting company and how this is different from the company applicant.

IRS has updated Form 1099-K threshold for the 2024 tax year

Form 1099 Series

IRS Transition Relief: Updated Form 1099-K Threshold to $5000 for 2024 Tax Year

Stephanie Glanville | November 28, 2024 | Read time: 5 minute(s)

IRS has updated Form 1099-K threshold for the 2024 tax year

Form W-8BEN

How to Manage Non-U.S Tax Compliance Requirements with W-8 Recertification

Stephanie Glanville | November 22, 2024 | Read time: 7 minute(s)

Why W-8 Recertification is crucial to reporting tax information for non-U.S. entities and individuals and maintaining compliance

Deadline

Today is a Major 990 Deadline for Nonprofits: What Tax-Exempt Organizations Need to Know

Stephanie Glanville | November 15, 2024 | Read time: 6 minute(s)

Are you responsible for filing a nonprofit's 990 Series Return? Learn more about filing and today's deadline!

Form 1099 Series

Speed Up Your Tax Season with TaxBandits’ Bulk Filing Feature

Stephanie Glanville | November 14, 2024 | Read time: 7 minute(s)

Streamline tax season with TaxBandits’ bulk filing—file multiple forms quickly and efficiently.

BOI Reporting

Introducing TaxBandits’ Customized Engagement Letter for Tax Pros: Streamlined Client Communication in BOI Reporting

Stephanie Glanville | November 13, 2024 | Read time: 6 minute(s)

Check out our new feature designed exclusively for tax professionals!