in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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Both. There is no "under the threshold for filing". There is an option for not needing to issue a 1099-Misc ($600) but no limit in reporting income. The IRS requires all income be reported. The IRS gets a copy of all W2's.
Both. There is no "under the threshold for filing". There is an option for not needing to issue a 1099-Misc ($600) but no limit in reporting income. The IRS requires all income be reported. The IRS gets a copy of all W2's.
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