08/25/2026
🚨 TAX TIP TUESDAY: Business owners, the 1099 rules changed for 2026.
If you pay independent contractors, here’s one update you need to know:
For payments made in 2026, the general reporting threshold for Form 1099-NEC increased to $2,000.
But don’t take that as a reason to stop collecting W-9s. 👀
When you hire a contractor, get the W-9 before year-end so you aren’t chasing names, addresses and tax ID numbers when it’s time to prepare 1099s.
And remember: not every payment or business situation follows the same rule.
Newsome Notary & Professional Tax Services provides:
🍊 1099 Preparation & Filing
🍊 Business Tax Preparation
🍊 Bookkeeping
🍊 Payroll
🍊 QuickBooks Support
🍊 Tax Planning
Good tax preparation starts with good records.
🌐 www.newsomeprofessionaltax.com
Newsome Notary and Professional Tax Services
Newsome Notary and Professional Tax Services provides professional tax preparation, bookkeeping, business consulting, notary services, and tax professional support.