Federal Court Rulings on IRS COVID Penalties: What Taxpayers Need to Know
If you were assessed IRS penalties between 2020 and 2023, you may be eligible to recover what you paid, but time is running out.
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.
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...
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...
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...
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.
How to Pay Your Form 941 Balance Due
Learn the easiest ways to pay your Form 941 balance due, including EFTPS, EFW, and other IRS-approved methods.
Backup Withholding Explained: What Payers Need to Know
If you pay contractors, vendors, or investors, this is your legal obligation — not just the recipient’s problem. Picture this: You run a growing marketing agency. You’ve just wrapped a...