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...
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...
The Schedule H Problem: What Household Employers Get Wrong at Tax Time
Many household employers make costly mistakes when filing Schedule H — from misclassifying workers to missing nanny tax payments. Learn the most common errors, why they happen, and how to stay compliant during tax season.
Understanding IRS Notice 504B: A Complete Guide to Balances Due and Your Next Steps
Getting a letter from the IRS is unsettling for most people. But when that letter is a CP504B notice, it’s important to understand exactly what it means—and what you should...
Understanding IRS Notice CP544: What It Means and How to Respond to IRS Taxpayer Delinquency Notices
Getting an IRS notice in the mail can feel alarming — but not every notice is bad news. IRS Notice CP544 is actually a signal that something has been resolved....
Understanding IRS Notice CP543: What It Means and How to Handle IRS Backup Withholding
You’re going through your mail and find a letter from the IRS — Notice CP543. Before you assume the worst, take a breath. This notice isn’t a penalty against you...
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....
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.
TaxBandits at Sage Future 2026: What Stood Out Most
Excitement buzzing in the air, engaging conversations with industry leaders, and insightful presentations on what’s next in accounting and business technology. Who could ask for more? From April 28-30, the...