Categories Posted inin Small BusinessTax Professional Account Tax Readiness Blueprint: A Virtual Conference for Smart Preparation and Efficient ExecutionJoin us for expert insights and strategies to prepare your business or clients for successful year-end reporting!Posted byCharles HardyDecember 9, 20240 Comments Continue Reading
Categories Posted inin FinCEN Update Corporate Transparency Act Update: Temporary Halt on FinCEN’s BOI Reporting Enforcement: What It Means for BusinessesThe recent nationwide injunction temporarily halts the enforcement of the Corporate Transparency Act and BOI reporting obligations.Posted byCharles HardyDecember 7, 20240 Comments Continue Reading
Categories Posted inin ACA Forms File Your 2024 ACA 1095 Forms with TaxBandits – Now Accepting Filings!You can start e-filing for 1095-B and 1095-C for the 2024 tax year!Posted byCharles HardyDecember 4, 20240 Comments Continue Reading
Categories Posted inin DeadlineIRS Updates The IRS Extends Third-Party Claim Deadline to Resolve Improper Employee Retention Credit ClaimsThird-party payers, such as payroll providers and tax preparers, have until December 31, 2024, to assist their clients in correcting these claims. Posted byCharles HardyDecember 4, 20240 Comments Continue Reading
Categories Posted inin BOI ReportingTaxBandits Features TaxBandits Introduces BOIR Protect: One Year of FinCEN Compliance CoverageLearn what this coverage includes and the benefits of choosing this option when filing your BOI report with TaxBandits.Posted byCharles HardyDecember 3, 20240 Comments Continue Reading
Categories Posted inin BOI Reporting Beneficial Owners vs. Company Applicants: What’s The Difference?Learn how FinCEN defines beneficial owners of a reporting company and how this is different from the company applicant. Posted byCharles HardyDecember 3, 20240 Comments Continue Reading
Categories Posted inin Form 1099 SeriesIRS Updates IRS Transition Relief: Updated Form 1099-K Threshold to $5000 for 2024 Tax YearIRS has updated Form 1099-K threshold for the 2024 tax yearPosted byCharles HardyNovember 28, 20240 Comments Continue Reading
Categories Posted inin Form W-8BEN How to Manage Non-U.S Tax Compliance Requirements with W-8 RecertificationWhy W-8 Recertification is crucial to reporting tax information for non-U.S. entities and individuals and maintaining compliancePosted byCharles HardyNovember 22, 20240 Comments Continue Reading
Categories Posted inin DeadlineNonprofits Today is a Major 990 Deadline for Nonprofits: What Tax-Exempt Organizations Need to KnowAre you responsible for filing a nonprofit's 990 Series Return? Learn more about filing and today's deadline!Posted byCharles HardyNovember 15, 20240 Comments Continue Reading