What’s New in TaxBandits for the Q2 941 Filing Season?
Explore new TaxBandits features that make Q2 Form 941 filing faster, easier, and more efficient for businesses and tax professionals.
Pastor Housing Allowance and Payroll: What Churches Should Document Before Payday
Learn what churches should document before processing payroll for pastors, including housing allowance designations, compensation records, tax considerations, and compliance requirements.
IRS Releases Draft Form 5498: What’s Changed for 2027 Reporting?
Form 5498 is the information return that trustees and issuers file with the IRS to report IRA contributions, rollovers, conversions, repayments, and the fair market value of retirement accounts. The...
Form 1040-NR Extension Guide: Filing Deadlines and Tax Rules for Nonresident Aliens
Living, studying, working, investing, or doing business in the U.S. as a nonresident can come with one very specific tax question: Do I need to file a U.S. tax return?...
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.
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...