The 1099-NEC reporting threshold increased for 2026. Learn who must file, the February 1, 2027 deadline, and what businesses should do to prepare.

Running a business comes with a lot of moving parts, and for many small business owners, contractors, and entrepreneurs, 1099 season tends to sneak up fast. Then suddenly January arrives, deadlines are approaching, and everyone is scrambling to gather information, track payments, and figure out who needs a form. At TaxCity Advisors, we always encourage business owners to stay proactive instead of reactive when it comes to taxes and financial organization. One of the easiest w