New 1099 Reporting Threshold and Managing the $2,000 Change for 2026
For decades, the $600 rule was a constant in the world of business accounting. If you paid an independent contractor or a vendor at least that much, a Form 1099 followed shortly after. However, the One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, has officially shifted the landscape. Starting with the
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