Charles Hardy | Blog

Posted inin Tax Tips

5498 vs. 1099-R: Understanding the Key Differences for Your Retirement Reporting

Retirement accounts help people save for the future, but the tax forms connected to them can sometimes create confusion during filing season. Many taxpayers receive multiple retirement-related forms and assume...

Posted byCharles Hardy
May 25, 2026
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Posted inin Form 1099 Series

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...

Posted byCharles Hardy
May 22, 2026
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Posted inin IRS Updates
W-9

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...

Posted byCharles Hardy
May 21, 2026
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Posted inin Payroll

The Schedule H Problem: What Household Employers Get Wrong at Tax Time

Many household employers make costly mistakes when filing Schedule H — from misclassifying workers to missing nanny tax payments. Learn the most common errors, why they happen, and how to stay compliant during tax season.

Posted byCharles Hardy
May 21, 2026
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Posted inin Tax Notices

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...

Posted byCharles Hardy
May 19, 2026
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Posted inin Tax Notices

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....

Posted byCharles Hardy
May 18, 2026
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Posted inin Tax Notices

Understanding IRS Notice CP543: What It Means and How to Handle IRS Backup Withholding

You’re going through your mail and find a letter from the IRS — Notice CP543. Before you assume the worst, take a breath. This notice isn’t a penalty against you...

Posted byCharles Hardy
May 15, 2026
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Posted inin Form 5498 Series

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....

Posted byCharles Hardy
May 15, 2026
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Posted inin Payroll
Tax Tips

OBBBA’s “No Tax on Overtime” Rule: What Small Business Owners Must Report on 2026 W-2s

Employers should review payroll processes, overtime calculations, and W-2 reporting requirements to ensure accurate employee wage reporting and tax compliance.

Posted byCharles Hardy
May 15, 2026
0 Comments