1099 Threshold for 2026: What the New IRS Rules Mean for You
Starting in tax year 2026, the reporting threshold for Form 1099-NEC and most Form 1099-MISC payment categories rises from $600 to $2,000. The change comes from the One Big Beautiful...
Form 1099-DA Instructions for Tax Year 2026: A Complete Guide
Form 1099-DA reporting rules are officially in effect for tax year 2026, ending the transition-period flexibility brokers relied on in 2025. Here's what's required now, who it applies to, and the deadlines to plan around.
How to Choose the Best 1099 Filing Software for 2026 (7 Things to Check)
1099 filing can be complicated. New forms, new thresholds, more filers. Here's how to pick software that keeps up.
Form 1099-NEC Instructions for 2026 Tax Year: A Complete Guide
2026 Form 1099-NEC 2026 updates include new $2,000 threshold, golden parachute reporting changes and more. Here's what filers need to know before the 2027 filing season.
Form 1099-MISC Instructions for 2026 Tax Year: A Complete Guide
Form 1099-MISC is getting a major overhaul for tax year 2026. The reporting threshold jumps from $600 to $2,000 for most payments, three new boxes cover tips and overtime, and golden parachute payments are moving. Here's what filers need to know before the 2027 filing season.
IRS Releases Draft Forms 1099-MISC and 1099-NEC: What’s Changed for 2027 Reporting?
Forms 1099-MISC and 1099-NEC are the information returns businesses file with the IRS to report miscellaneous payments and nonemployee compensation. The IRS has released draft December 2026 versions of both...
IRS Releases Draft Form 5498: What’s Changed for 2027 Reporting?
Form 5498 is the information return that trustees and issuers file with the IRS to report IRA contributions, rollovers, conversions, repayments, and the fair market value of retirement accounts. The...
How TaxBandits Saves You Time on 5498 Forms Filing While Ensuring Accuracy
For anyone filing 5498 forms, the pressure is familiar—contribution data spread across multiple sources, strict IRS requirements, and little room for error. The 5498 series alone covers IRAs, HSAs, Coverdell...
DeFi, NFTs, and Staking: What Form 1099-DA Does NOT Cover
Receiving Form 1099-DA may feel like your crypto tax reporting is covered, but that assumption can create a serious reporting gap. The form is mainly designed to report certain digital...