Did you hear about the new 1099 tax law changes? They might help your business save money and simplify your paperwork: but only if you know the facts. In 2025, reporting thresholds on 1099 forms are shifting, and that means fewer forms for smaller payments and more flexibility with independent contractor classification. Myth: "All payment apps or platforms will report every small transaction." Fact: The current federal threshold is $20,000 gross AND 200 transactions. For Form 1099-NEC/MISC, big changes ahead for 2026. But states may have different rules: so don’t risk costly mistakes guessing! Want to avoid headaches and take full advantage of these changes? Book your compliance check with us: https://calendar.app.google/5TRWbQTzNtmajoiFA. For practical tips, check our referral: https://pro.taax.app/Image/maria%20d35410/img1 #mdbizllc
