Charles Hardy | Blog

Posted inin Tax Tips

Form 1098-VLI Explained: Vehicle Loan Interest Filing Requirements for Lenders

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.

Posted byCharles Hardy
August 28, 2026
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TaxBandits Form 5500-EZ filing requirements graphic with a Form 5500-EZ filing screen and TaxBandits mascot.

Posted inin 5500 Series

Understanding Form 5500-EZ Filing Requirements

Learn the Form 5500-EZ filing requirements for Solo 401(k)s and other one-participant retirement plans, including the $250,000 aggregate asset threshold, filing deadlines, and e-filing rules. Discover key IRS compliance details, penalties, extension options, and common filing mistakes to avoid.

Posted byCharles Hardy
August 25, 2026
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Posted inin Payroll
State Withholding

What Is Virginia VA-5? How to File, Deadlines & Requirements

If you're an employer in Virginia, Form VA-5 is how you report the state income tax you've withheld from employee wages. What you file, and when it's due, depends on your requirements. Here's what you need to know about VA-5 filing status, deadlines, and penalties.

Posted byCharles Hardy
August 25, 2026
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Posted inin Tax Tips

Florida Form RT-6 Explained: Who Files and How it Works

Payroll doesn’t stop at your employee’s paycheck. As an employer, you’re also responsible for meeting state payroll tax reporting requirements. Missing a filing deadline or submitting incomplete information can lead...

Posted byCharles Hardy
August 19, 2026
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Posted inin Payroll

Exempt vs. Non-Exempt Employees: Understanding the Difference for Better Payroll Compliance

Classifying employees as exempt or non-exempt affects overtime eligibility, wage protections, and payroll accuracy, but many employers rely on outdated assumptions like "salaried means exempt." This guide breaks down the FLSA criteria that actually determine classification, the most common misclassification mistakes, and how to get it right as your team grows.

Posted byCharles Hardy
August 12, 2026
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IRS Update: Eligible Taxpayers May Receive Automatic Penalty Relief

Posted inin IRS Updates
Penalties

IRS Update: Eligible Taxpayers May Receive Automatic Exemption from Penalty (AEP)

AEP (Automatic Exemption from Penalty) is the IRS's new automatic penalty relief program for taxpayers with a clean filing and payment history. Launching in summer 2026, AEP automatically waives specific penalties for compliant taxpayers without directly requesting relief.

Posted byCharles Hardy
August 5, 2026
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Posted inin Form 94x Series
How-To

How to File Form 941 Electronically in 2026: A Complete Guide

Learn how to file Form 941 electronically in 2026. Know the filing steps, deadlines, payment options, common mistakes, and IRS e-filing requirements.

Posted byCharles Hardy
July 20, 2026
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Posted inin Form 1099 Series
Tax Tips

IRS Releases Draft Forms 1099-MISC and 1099-NEC: What’s Changed for 2027 Reporting?

Forms 1099-MISC and 1099-NEC are the information returns businesses file with the IRS to report miscellaneous payments and nonemployee compensation. The IRS has released draft December 2026 versions of both...

Posted byCharles Hardy
July 1, 2026
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Posted inin Payroll

H-2A Workers and Payroll Taxes: What Agricultural Employers Must Know Before Hiring Foreign Workers

Understand how payroll taxes apply to H-2A workers. Explore employer tax responsibilities, exemptions, withholding rules, and best practices for agricultural payroll compliance.

Posted byCharles Hardy
June 26, 2026
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