Blog - TaxBandits

Posted inin Form 1099 Series

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

Form 1099-B, formally titled Proceeds From Broker and Barter Exchange Transactions, is an information return filed by brokers and barter exchanges directly with the IRS. The taxpayer doesn’t file it;...

Posted byCharles Hardy
March 24, 2026
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Posted inin Form 94x Series
TaxBandits Updates

TaxBandits’ New Partnership with Protection Plus: $1M Tax Protection™ for 941/940 Forms

TaxBandits partners with Protection Plus to offer $1M Tax Protection™ for 941/940 filings, covering IRS notices, audits, and post-filing support.

Posted byAnna Bowie
March 23, 2026
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Posted inin Form 1099 Series

What is Form 1099-LTC? Reporting Requirements for Long-Term Care Benefits

If you’re an insurance company, governmental unit, or viatical settlement provider paying long-term care benefits, Form 1099-LTC is your reporting responsibility, and getting it right matters. Form 1099-LTC is an...

Posted byCharles Hardy
March 20, 2026
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Posted inin Tax Tips

Form 1099-QA Reporting for ABLE Account Distributions

Managing finances as a person with a disability or as a caregiver can be challenging. ABLE accounts (Achieving a Better Life Experience) help ease that burden by offering a tax-advantaged...

Posted byCharles Hardy
March 19, 2026
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Posted inin Extensions

From Deadline Pressure to Peace of Mind: Filing Tax Extensions with TaxBandits

Tax deadlines can feel stressful—especially if you’re still collecting documents or reviewing your financial details. As the deadline gets closer, many people rush to file just to avoid penalties. But...

Posted byCharles Hardy
March 16, 2026
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Posted inin 1042 Forms

Understanding FDAP Income: The Foundation of Foreign Withholding Reporting

Money moves across borders every day. A U.S. company pays royalties to a designer in France, dividends to an investor in Japan, or licensing fees to a contractor in Canada. ...

Posted byCharles Hardy
March 12, 2026
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Posted inin Tax Tips

When Gambling Winnings Require Form W-2G Reporting

Winning money from gambling can feel exciting—whether it’s hitting a jackpot at a casino, winning a poker tournament, or getting lucky with a sports bet. While the thrill of winning...

Posted byCharles Hardy
March 12, 2026
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Posted inin 1042 Forms

Common 1042 and 1042-S Filing Mistakes That Lead to IRS Penalties

If your business or organization makes payments to foreign individuals or entities—whether it’s wages, royalties, dividends, or other income you’re required to file Form 1042 and Form 1042-S with the...

Posted byCharles Hardy
March 10, 2026
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Posted inin Tax Tips

ACA Compliance for Healthcare Employers: Special Scenarios Including COBRA, ICHRA, and Rehires

Healthcare organizations operate in one of the most complex employment environments in the country. Between shift-based staffing, part-time clinicians, seasonal employees, and contract workers, workforce structures often change throughout the...

Posted byCharles Hardy
March 9, 2026
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