Charles Hardy | Blog

Posted inin Form 5498 Series
IRS Updates

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...

Posted byCharles Hardy
June 15, 2026
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Posted inin Extensions

Form 1120-F Extension: A Complete Guide for Foreign Corporations

Expanding into the U.S. market can create new opportunities for a foreign corporation — customers, contracts, real estate, investments, partnerships, and revenue. But once a foreign corporation has U.S. activity...

Posted byCharles Hardy
June 15, 2026
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Posted inin Extensions

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?...

Posted byCharles Hardy
June 12, 2026
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Posted inin Payroll
Payroll Taxes

Switching Payroll Schedules Mid-Year: What’s Legally Required Before You Make the Change

Switching payroll schedules during the year can impact employee pay, tax reporting, and labor law compliance. Discover the key steps employers must take before making the change.

Posted byCharles Hardy
June 12, 2026
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Posted inin Corrections

How to Correct Form W-2: A Complete Guide

Every January, employers across the U.S. send out Form W-2 to their employees—a summary of wages earned and taxes withheld over the past year. It’s a critical document, both for...

Posted byCharles Hardy
June 5, 2026
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Posted inin Payroll

The Hidden Payroll Tax Obligations Every Nonprofit Employer Should Know

Nonprofit employers still have important payroll tax obligations despite their tax-exempt status. Learn what taxes apply, filing requirements, and how to maintain payroll compliance.

Posted byCharles Hardy
June 5, 2026
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Posted inin Tax Tips

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.

Posted byCharles Hardy
June 1, 2026
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Posted inin Form 5498 Series

How TaxBandits Saves You Time on 5498 Forms Filing While Ensuring Accuracy

For anyone filing 5498 forms, the pressure is familiar—contribution data spread across multiple sources, strict IRS requirements, and little room for error. The 5498 series alone covers IRAs, HSAs, Coverdell...

Posted byCharles Hardy
May 29, 2026
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Posted inin Payroll

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 stay compliant with IRS rules. This guide explains W-2 box reporting, payroll tax treatment, common mistakes, and how to claim the self-employed health insurance deduction correctly.

Posted byCharles Hardy
May 29, 2026
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