Tax Tips | Blog - TaxBandits

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
0 Comments

Posted inin COVID Penalty
Tax Tips

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.

Posted byCharles Hardy
June 9, 2026
0 Comments

Posted inin IRS Updates
Tax Tips

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.

Posted byAnna Bowie
June 5, 2026
0 Comments

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
0 Comments

Posted inin W-9

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...

Posted byCharles Hardy
May 27, 2026
0 Comments

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
0 Comments

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
0 Comments

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

Posted inin Form 94x Series
Tax Tips

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.

Posted byCharles Hardy
April 30, 2026
0 Comments