1099-NEC The 1099 threshold has been a topic of discussion for a while in our post-COVID era. It feels as if each administration changed what its predecessor did about the reporting requirements. The One Big Beautiful Bill made changes to the 1099-NEC filing requirements. These changes went into effect on January 1, 2026. This article is to clarify what your reporting obligations are if you paid non employees compensation during 2025. Not complying can result in hefty IRS civil penalties that...

The United States Postal Service made an update to its postmark rule in 2025. It went into effect right before the year ended on December 24th, 2025. This update changes when the IRS will date the mail that they receive. I've seen people discussing how this will affect absentee voting ballots, medication, and even those who pay bills by mail. But my main concern is for you, the taxpayer, and how this will affect communication with the IRS. The IRS has a mailbox rule that they use to consider...

The United States government shut down on October 1st, 2025. This was due to Congress not being able to settle a budget dispute. This...