For years, the number $600 has been etched into the minds of every church administrator and nonprofit executive. It was the magic threshold that triggered a flurry of year-end paperwork for every guest speaker, specialized consultant, and local repairman who helped...
1099
New 1099 Reporting Limits: What the $2,000 Threshold Means for Employers
For decades, the $600 threshold has been the standard for issuing 1099 forms. If you paid a contractor or vendor $600 or more in a year, a Form 1099-NEC or 1099-MISC was required. That is changing. Under the One Big Beautiful Bill Act (OBBBA), signed into law in 2025,...
What taxpayers can do if they haven’t received all their tax documents
Before filing a federal tax return, taxpayers should make sure they have the necessary and correct documents. Here’s what taxpayers should do if they haven't received their Form W-2 or Form 1099 yet. Taxpayer options for missing documents Contact the employer, payer...


