Tax Tips | Blog - TaxBandits

Posted inin 1042 Forms
Tax Tips

Understanding Withholding Agent Responsibility Under IRC Sections 1441–1474

If your business pays foreign individuals or foreign companies, whether it’s for services, royalties, dividends, or interest, the IRS expects you to do more than just send the money. You...

Posted byCharles Hardy
February 24, 2026
0 Comments

Posted inin Form 1099 Series
Tax Tips

Form 1099-B Reporting Framework: How the IRS Tracks Securities and Barter Transactions

Selling an investment often feels like a financial checkpoint. Whether you secured a gain or adjusted your portfolio strategy, your focus usually remains on performance and planning ahead. What often...

Posted byCharles Hardy
February 17, 2026
0 Comments

Posted inin 1042 Forms
Tax Tips

Everything You Need to Know About Chapter 3 and Chapter 4 Codes in Form 1042-S

When you deal with cross-border payments, Form 1042-S quickly becomes more than just another IRS requirement. It sits at the center of how the IRS tracks U.S. source income paid...

Posted byCharles Hardy
February 11, 2026
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Posted inin Form 1099 Series
Tax Tips

What You Need to Know About Form 1099-S: A Comprehensive Guide

A detailed guide on how to file Form 1099-S online, covering the necessary steps and other requirements.

Posted byCharles Hardy
February 10, 2026
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Posted inin Tax Tips
W-2 Forms

Understanding the Box 12 Codes on Form W-2: A Quick Guide

Get a clear explanation of Box 12 codes on Form W-2 and what each code means for you.

Posted byCharles Hardy
February 5, 2026
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Posted inin Tax Tips
W-2 Forms

The IRS Releases Draft Version of Form W-2 for 2026: Key Updates Under the OBBBA

The IRS has released the draft version of Form W-2 for tax year 2026 (filed in 2027). While draft forms are not final, they offer valuable insight into upcoming compliance...

Posted byCharles Hardy
January 27, 2026
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Posted inin Form 1099 Series
Tax Tips

How TaxBandits Handles 1099/W-2 Rejections: The Ultimate Guide

We understand that receiving a rejection can be a headache. But it’s how we support you through it that sets us apart.

Posted byCharles Hardy
January 26, 2026
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Posted inin IRS Updates
W-9

The IRS Released the Latest W9 Form (Draft) for 2026: What’s Changed?

Find out what the updates are to the latest W-9 form and how they impact your tax reporting process. Tax compliance may not always be the most exciting task, but...

Posted byCharles Hardy
January 21, 2026
0 Comments

Posted inin Form 1099 Series
Tax Tips

How TaxBandits’ Flexible Data Import Saves Time for 1099 and W-2 Filers

It’s exciting, you’ve enjoyed a year full of growth that’s reflected in the employees and contractors you’ve worked with this year. However, as you begin preparing for the reporting deadline...

Posted byCharles Hardy
January 20, 2026
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