JD Supra

The New $2,000 Threshold for Sending IRS Form 1099-MISC to Prize Winners

I may not be the first to tell you, but don’t forget about an additional benefit of the 870-page One Big Beautiful Bill Act passed in July. As prize promotion sponsors and administrators know, an IRS ...
JD Supra

Congratulations, Promotion Sponsors – You’ve Won Less Prize Paperwork!

Great news for brands operating consumer promotions, sweepstakes, and contests! Effective for the 2026 tax year, the One Big Beautiful Bill Act (P.L. No. 119-21) raises the threshold for issuance of a ...
Forbes

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...
Yahoo Finance

Basics of 1099 Reporting Webinar: Form 1099 Reporting, 1099-NEC and 1099-MISC, Common Errors, Best Practices, and Responding to IRS Penalties

Dublin, April 15, 2026 (GLOBE NEWSWIRE)-- The "Basics of 1099 Reporting: IRS Form 1099, 1099-NEC, and Form 1099-MISC" webinar has been added to ResearchAndMarkets.com's offering. Gain a better ...
Hosted on MSN

1099-MISC vs. 1099-NEC tax form guide

If your business pays nonemployee compensation and other reportable payments, you must be aware of two forms: Form 1099-MISC and Form 1099-NEC. Many employers are likely familiar with Form 1099-MISC.