Final versions of two federal information returns for reporting non-wage income, including boxes for reporting income that may be eligible for the tax deductions provided by the One Big Beautiful Bill Act (Pub. L. 119-21), were released by the Internal Revenue Service.
A December 2026 revision of Form 1099-NEC, Nonemployee Compensation, was released June 9, while a December 2026 revision of Form 1099-MISC, Miscellaneous Information, was released May 28. Both forms come with a cover sheet indicating that they should not be filed with the IRS until the 2027 filing season to report 2026 information, but that they ...
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