Blog - TaxBandits

Posted inin Tax Tips

Pastor Housing Allowance and Payroll: What Churches Should Document Before Payday

Learn what churches should document before processing payroll for pastors, including housing allowance designations, compensation records, tax considerations, and compliance requirements.

Posted byCharles Hardy
June 19, 2026
0 Comments

Posted inin Form 709

Form 709 Explained: What It Is, When You Need It, and How It Works

Giving money or property to a loved one is often seen as a personal decision, not a tax matter. However, depending on the type and value of the gift, you...

Posted byCharles Hardy
June 18, 2026
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Posted inin Conferences

TaxBandits at AICPA Engage 2026: Key Highlights and Takeaways

Insightful conversations, exciting seminars, new connections, and warm reunions, all surrounding and celebrating the accounting and finance industries. That’s what the TaxBandits team and other attendees of AICPA Engage 2026...

Posted byAnna Bowie
June 17, 2026
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Posted inin Form 5498 Series
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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Posted inin Extensions

Form 1120-F Extension: A Complete Guide for Foreign Corporations

Expanding into the U.S. market can create new opportunities for a foreign corporation — customers, contracts, real estate, investments, partnerships, and revenue. But once a foreign corporation has U.S. activity...

Posted byCharles Hardy
June 15, 2026
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Posted inin Extensions

Form 1040-NR Extension Guide: Filing Deadlines and Tax Rules for Nonresident Aliens

Living, studying, working, investing, or doing business in the U.S. as a nonresident can come with one very specific tax question: Do I need to file a U.S. tax return?...

Posted byCharles Hardy
June 12, 2026
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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
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Posted inin Payroll Taxes

How to Handle Payroll Taxes for Caregivers and Domestic Workers

Hiring a caregiver, housekeeper, or other domestic worker makes you a household employer—learn how to understand your payroll responsibilities and stay compliant with IRS requirements.

Posted byVianna Thomas
June 9, 2026
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Posted inin COVID Penalty
Tax Tips

Paid IRS Penalties During COVID? You May Claim a Refund in 2026 — Here’s How

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