How to Apply for an EIN Online: 6 Simple Steps for Small Businesses
Applying for an EIN is easier than you think. Learn how to complete the online EIN application in six simple steps and get your business ready for growth.
What is the New Hire Report and Why Should Employers Care?
Learn what a New Hire Report is, why employers must file it, reporting deadlines, compliance requirements, and the risks of missing a filing.
How TaxBandits Saves You Time on 5498 Forms Filing While Ensuring Accuracy
For anyone filing 5498 forms, the pressure is familiar—contribution data spread across multiple sources, strict IRS requirements, and little room for error. The 5498 series alone covers IRAs, HSAs, Coverdell...
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.
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...
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...
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...
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...