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 1042 Forms

1042-S Error Slip By? Here’s How to Complete a 1042-S Correction

You recently finished filing your business’s 1042-S forms, and now… You realize there’s an error. This is an awful feeling, especially right after you cleared time from your busy schedule...

Posted byCharles Hardy
March 25, 2026
0 Comments

Posted inin Form 1099 Series

Form 1099-B Reporting Framework: How the IRS Tracks Securities and Barter Transactions

Form 1099-B, formally titled Proceeds From Broker and Barter Exchange Transactions, is an information return filed by brokers and barter exchanges directly with the IRS. The taxpayer doesn’t file it;...

Posted byCharles Hardy
March 24, 2026
0 Comments

Posted inin Form 94x Series
TaxBandits Updates

TaxBandits’ New Partnership with Protection Plus: $1M Tax Protection™ for 941/940 Forms

TaxBandits partners with Protection Plus to offer $1M Tax Protection™ for 941/940 filings, covering IRS notices, audits, and post-filing support.

Posted byAnna Bowie
March 23, 2026
0 Comments

Posted inin Form 1099 Series

What is Form 1099-LTC? Reporting Requirements for Long-Term Care Benefits

If you’re an insurance company, governmental unit, or viatical settlement provider paying long-term care benefits, Form 1099-LTC is your reporting responsibility, and getting it right matters. Form 1099-LTC is an...

Posted byCharles Hardy
March 20, 2026
0 Comments

Posted inin Tax Tips

Form 1099-QA Reporting for ABLE Account Distributions

Managing finances as a person with a disability or as a caregiver can be challenging. ABLE accounts (Achieving a Better Life Experience) help ease that burden by offering a tax-advantaged...

Posted byCharles Hardy
March 19, 2026
0 Comments

Posted inin Extensions

From Deadline Pressure to Peace of Mind: Filing Tax Extensions with TaxBandits

Tax deadlines can feel stressful—especially if you’re still collecting documents or reviewing your financial details. As the deadline gets closer, many people rush to file just to avoid penalties. But...

Posted byCharles Hardy
March 16, 2026
0 Comments

Posted inin 1042 Forms

Understanding FDAP Income: The Foundation of Foreign Withholding Reporting

Money moves across borders every day. A U.S. company pays royalties to a designer in France, dividends to an investor in Japan, or licensing fees to a contractor in Canada. ...

Posted byCharles Hardy
March 12, 2026
0 Comments

Posted inin Tax Tips

When Gambling Winnings Require Form W-2G Reporting

Winning money from gambling can feel exciting—whether it’s hitting a jackpot at a casino, winning a poker tournament, or getting lucky with a sports bet. While the thrill of winning...

Posted byCharles Hardy
March 12, 2026
0 Comments

Posted inin 1042 Forms

Common 1042 and 1042-S Filing Mistakes That Lead to IRS Penalties

If your business or organization makes payments to foreign individuals or entities—whether it’s wages, royalties, dividends, or other income you’re required to file Form 1042 and Form 1042-S with the...

Posted byCharles Hardy
March 10, 2026
0 Comments