Blog - TaxBandits

Posted inin Payroll

S Corp Owners: Are You Reporting 2% Shareholder Health Insurance Correctly on Form W-2?

Learn how S corporation owners must report 2% shareholder health insurance on Form W-2 to comply with IRS rules. Understand W-2 reporting, payroll tax treatment, common mistakes, and the self-employed health insurance deduction.

Posted byCharles Hardy
May 29, 2026
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Posted inin State Withholding

Mastering State Withholding Tax Compliance: Essential Tips for Employers

Managing payroll taxes is one of those responsibilities that looks simple on the surface but quickly becomes complex in real-world operations. Among all payroll obligations, state withholding tax compliance is...

Posted byVianna Thomas
May 28, 2026
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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
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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 byVianna Thomas
May 25, 2026
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Posted inin Form 1099 Series

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...

Posted byCharles Hardy
May 22, 2026
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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
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Posted inin Payroll

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.

Posted byVianna Thomas
May 21, 2026
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Posted inin Tax Notices

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...

Posted byCharles Hardy
May 19, 2026
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Posted inin Tax Notices

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....

Posted byCharles Hardy
May 18, 2026
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