Categories Posted inin IRS Updates IRS Announced No Changes to 2025 Information Returns or Withholding Tables Under the One Big Beautiful Bill Act (OBBBA)The IRS has designated the 2025 tax year as a transition period to start adjusting to the upcoming changes under the OBBBA. Posted byCharles HardyAugust 12, 20250 Comments Continue Reading
Categories Posted inin Form 1099 SeriesIRS Updates IRS Changes to 1099 Forms for Tax Year 2025: Everything You Should KnowStay informed about the latest IRS updates to 1099 forms for the 2025 tax year. Find out what’s new and how to prepare for accurate year-end filing.Posted byAnna BowieJuly 18, 20250 Comments Continue Reading
Categories Posted inin ExtensionsIRS Updates IRS Extends Deadlines for Taxpayers in Texas, Mississippi, Missouri & MoreThe IRS has extended deadlines for certain states impacted by severe natural disasters.Posted byAnna BowieJuly 1, 20250 Comments Continue Reading
Categories Posted inin Form 1099 SeriesIRS Updates What are the Changes to Form 1099 NEC for Tax Year 2021?The 1099-NEC will look a bit different for 2021!Posted byCharles HardyNovember 19, 20210 Comments Continue Reading
Categories Posted inin Form 94x SeriesIRS Updates Drafts of Form 943, 944 and 940 are Now Available with COVID-19 ChangesTo ease the stress of figuring out these new drafts, TaxBandits is breaking them down for you!Posted byCharles HardyOctober 16, 20200 Comments Continue Reading
Categories Posted inin IRS Updates 5 Facts About the Revised Draft of Form 941-XHere are a few facts to help employers navigate the process of amending Form 941. Posted byCharles HardyAugust 22, 20200 Comments Continue Reading