New 1099-NEC Threshold Jumps From $600 to $2,000 in 2026 – Clear Start Tax Explains What Contractors and Small Businesses Need to Know

Under the One Big Beautiful Bill Act Signed in July 2025, the Long-Standing $600 Reporting Threshold for Form 1099-NEC ...
The Financial Express

Not all credit card bonuses are tax-free for Americans: What IRS rules say

Most credit card rewards earned through everyday spending remain tax-free under IRS rules because they are treated as rebates rather than income. However, welcome bonuses that require no spending and ...
Marine Link

MISC Names LNG Carrier Vessel Pair

Constructed by Hanwha Ocean Co., Ltd., the 174,000 CBM LNG carriers are equipped with smart and energy-efficient technologies, including the Intelligent Control by Exhaust Recycling (ICER) system and ...
Purdue University

Duplicate or Corrected W-2, 1042S, and 1099-MISC

For current tax year and the previous two tax years W-2 forms, please contact tax@purdue.edu for directions to access the W-2 online at ADP. Other Forms access can be communicated also. For tax years ...
Morningstar

Roth Employer Contributions Come With a 1099-R Surprise

If you have taken distributions from any tax-deferred retirement account, you know that the distribution is reported on IRS Form 1099-R. A Form 1099-R is not usually issued for money that is added to ...
Upstream

MISC wins ExxonMobil floater prize

Malaysia’s shipping giant MISC has won the contract to provide a floating storage and offloading (FSO) vessel for US supermajor ExxonMobil, operator of the PNG LNG project in Papua New Guinea. The PNG ...
JD Supra

New Prize Tax Rules Raise the 1099 Threshold for Sweepstakes and Contests

Among the many changes included in the One Big Beautiful Bill Act (OBBBA) is one relevant to brands and agencies running sweepstakes, contests, and other consumer promotions. For prizes (such as cash, ...
CNBC

What is a form 1099-K and who receives it?

If you get paid through a third-party app, you may find an IRS Form 1099-K in your mailbox. Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe or ...
JD Supra

The New $2,000 Threshold for Sending IRS Form 1099-MISC to Prize Winners

I may not be the first to tell you, but don’t forget about an additional benefit of the 870-page One Big Beautiful Bill Act passed in July. As prize promotion sponsors and administrators know, an IRS ...
TradeWinds

Malaysian owner MISC mulls lay-ups as LNG carrier market remains soft

MISC Berhad says it could lay up some of its LNG carriers as the outlook for the market remains bleak for the rest of the year. Charter rates “are expected to remain soft through 2025, primarily due ...
Forbes

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...