We haven\u2019t had many things to talk about under \u201cwhat\u2019s new\u201d for\u00a0several years, but that all changed with the passage of the One Big\u00a0Beautiful Bill in July. This new law changes three things with information\u00a0reporting: the $600 threshold, the Form 1099-K threshold, and the\u00a0creation of a new reporting form.<\/p>\n
This session will spend most of its time on the $600 threshold, which is\u00a0still in place for 2025 but will change to $2,000 starting in 2026. How do\u00a0you determine if you\u2019ve crossed the threshold? What if your company\u00a0uses a fiscal year for its tax reporting? We will answer these questions\u00a0and more.\u00a0We\u2019ll also cover looming changes to electronic filing, as the IRS has now\u00a0given a proposed timeline for ending the FIRE system.\u00a0As time allows, we will cover general compliance topics as well.<\/p>\n","protected":false},"excerpt":{"raw":"We haven\u2019t had many things to talk about under \u201cwhat\u2019s new\u201d for\u00a0several years, but that all changed with the passage of the One Big\u00a0Beautiful Bill in July. This new law...","rendered":"
We haven\u2019t had many things to talk about under \u201cwhat\u2019s new\u201d for\u00a0several years, but that all changed with the passage of the One Big\u00a0Beautiful Bill in July. This new law…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","session_category":[43,48,69,169,32,165],"class_list":["post-19722","session","type-session","status-publish","hentry","session_category-accounts-payable","session_category-compliance","session_category-general-session","session_category-main-agenda","session_category-operations-compliance-security","session_category-wednesday-2025"],"thumbnail":[],"metadata":{"session_id":["cf29e31d-2075-4c19-9209-424b9f8e586b"],"session_speakers":[16330],"session_topics":[],"session_date":["2025-11-05 00:00"],"session_start":["2025-11-05 15:30"],"session_end":["2025-11-05 16:20"],"session_updated_at":[null],"session_display_priority":["3"],"session_weblink":[null],"session_sponsored_by":[null],"_eael_post_view_count":["549"],"session_room_number":["Milano III-IV"],"rank_math_analytic_object_id":["79"],"rank_math_internal_links_processed":["1"],"_elementor_page_assets":["a:0:{}"]},"_links":{"self":[{"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/session\/19722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/session"}],"about":[{"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/types\/session"}],"author":[{"embeddable":true,"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/comments?post=19722"}],"wp:attachment":[{"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/media?parent=19722"}],"wp:term":[{"taxonomy":"session_category","embeddable":true,"href":"https:\/\/events.iofm.com\/conference-fall\/wp-json\/wp\/v2\/session_category?post=19722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}