Subcontractor 1099 Tracking: 5 Mistakes That Trigger IRS Letters
The rules for subcontractor 1099s just changed, and most contractors have not caught up. Starting with payments made in 2026, you only have to issue a Form 1099-NEC when you pay a subcontractor $2,000 or more in a year, up from the old $600 threshold that had been in place since the 1950s. Sounds like…
