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.
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 comply with IRS rules. Understand W-2 reporting, payroll tax treatment, common mistakes, and the self-employed health insurance deduction.
The Complete W-9 Workflow: From Request to 1099 Filing
Imagine, it’s the first week of January. Your finance team is preparing 1099s, and suddenly someone asks, “Did we ever get the W-9 from that contractor?” You scroll through old...
DeFi, NFTs, and Staking: What Form 1099-DA Does NOT Cover
Receiving Form 1099-DA may feel like your crypto tax reporting is covered, but that assumption can create a serious reporting gap. The form is mainly designed to report certain digital...
The IRS Released a Latest Form W-9 (Draft) for 2026: What’s Changed?
Tax compliance is constantly evolving, and staying informed about IRS updates can help businesses avoid reporting issues and maintain compliance. The IRS just released an updated draft of Form W-9...
Understanding IRS Notice 504B: A Complete Guide to Balances Due and Your Next Steps
Getting a letter from the IRS is unsettling for most people. But when that letter is a CP504B notice, it’s important to understand exactly what it means—and what you should...
Understanding IRS Notice CP544: What It Means and How to Respond to IRS Taxpayer Delinquency Notices
Getting an IRS notice in the mail can feel alarming — but not every notice is bad news. IRS Notice CP544 is actually a signal that something has been resolved....
Understanding the 5498 Series Forms: A Complete Breakdown
When you contribute to a tax-advantaged account—whether it’s for retirement, healthcare, education, or disability savings—the IRS needs to know about it. That’s exactly what the 5498 series of forms is....
How to Sign Form 941 Electronically: A Complete Guide
Learn how to easily e-sign Form 941 and file your quarterly return with confidence. Whether you're a business owner, payroll provider, or tax preparer, understanding how to properly e-sign Form 941 is a must for staying compliant.