Form 1099 Series | Blog

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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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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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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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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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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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1099-DA vs. 1099-B: How Crypto Tax Reporting Differs from Stock Reporting

Understand how Form 1099-DA differs from Form 1099-B and how the IRS is changing crypto tax reporting. Learn the key differences in cost basis reporting, wash sale rules, and digital asset transaction reporting.

Posted byCharles Hardy
May 8, 2026
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What is Form 5498 and Why Does Your IRA Custodian Send It?

Every spring, millions of IRA holders diligently gather their W-2s, 1099s, and various tax documents to file their returns. And then, just when they think they’re done, another envelope arrives...

Posted byCharles Hardy
May 7, 2026
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What is IRS Form 1099-DA? The Complete Guide for Crypto Investors

If you traded, sold, or exchanged cryptocurrency in 2025, your tax situation just got a lot more structured. For the first time, centralized crypto exchanges are required to report your...

Posted byCharles Hardy
May 7, 2026
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Form 1098-T Reporting Requirements for Educational Institutions

Every year, eligible educational institutions are required to file Form 1098-T, the Tuition Statement, with the IRS and furnish a copy to their enrolled students. While it may seem like...

Posted byCharles Hardy
March 30, 2026
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