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Internal Revenue Service Article Archive

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Tax
2025

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Increased Threshold for Reporting Certain 1099 Payments

Increased Threshold for Reporting Certain 1099 Payments

The One Big Beautiful Bill Act increased the threshold for reporting certain payments made by a CAA to non-employees under the tax code. Starting January 1, 2026, CAAs are only required to issue a Form 1099-NEC or Form 1099-MISC to a single payee if the total payments in a...