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 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.