Beginning with tax year 2026, the One Big Beautiful Bill Act (OBBBA) raises the 1099 reporting threshold to $2,000 and adjusts it for inflation each year going forward.
Read More 1099 Reporting Threshold Increases from $600 to $2,000 for Tax Year 2026 Under OBBBAIndependent Contractors Articles
Independent Contractors - Tips, Training, and News
How to Fill Out a 1099-NEC: Your Complete Guide
August 27, 2026Did you make payments to independent contractors during the year? If so, you must use Form 1099-NEC. For accurate reporting of contractor payments, learn how to fill out a 1099-NEC.
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What Is an ITIN?
August 20, 2026For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?
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How to Issue a Corrected 1099 (MISC and NEC)
August 20, 2026Do you file Forms 1099-MISC or 1099-NEC? If so, you might mix up the forms, enter incorrect information, or use a form from the wrong tax year. If you make a mistake on either form, you may need to issue a corrected 1099.
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How Do I File a 1099 for My Independent Contractors?
August 19, 2026If you hire an independent contractor and pay them $2,000 or more (new 1099 reporting threshold beginning in tax year 2026, up from $600) during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099?
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What Is Nonemployee Compensation?
August 19, 2026As a small business owner, you might hire independent contractors to address business-related needs. When you pay an independent contractor, they receive nonemployee compensation. What is nonemployee compensation?
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What Is an Independent Contractor?
August 18, 2026As a business owner, you might need to hire a worker at some point or another. And depending on your type of business, you might need to hire employees, independent contractors, or both to get the job done.
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IRS Form W-9: A Detailed Look at Purpose and Usage
August 18, 2026Does your business hire independent contractors, gig workers, or freelancers? If so, congratulations! You get to learn the ins and outs of IRS Form W-9. So, what’s the scoop with the IRS W-9 form? What exactly is it used for? Who needs to fill one out? We have the answers to all of your burning […]
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Back it Up … What Is Backup Withholding, and Are My Contractors Subject to it?
August 17, 2026When you pay an independent contractor, you don’t withhold taxes from their wages … or do you? In some cases, contractor wages are subject to backup withholding. So, what is backup withholding, and when do you need to do it?
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What is the Gig Economy, and Who are Gig Workers?
July 28, 2026Do you have freelancers or contractors working for you? Is your labor force full of short-term contracts? You might be working in a gig economy with gig workers. If so, you need to know the laws for hiring gig workers. Keep reading to learn more about the gig economy.
Read More What is the Gig Economy, and Who are Gig Workers?