The Big Beautiful Bill: Major 1099 Reporting Changes Explained (Plus an Update on the IRS FIRE System)

In this solo episode, Jason Dinesen dives into the proposed 1099-related changes in the so-called Big Beautiful Bill. From raising the reporting threshold to resetting Form 1099-K rules, this episode covers what’s really in the legislation—and what it means for you.

Topics covered:

• Proposal to raise the $600 threshold to $2,000 starting in 2026
• Return of the 200 transaction / $20,000 rule for Form 1099-K
• New reporting form for auto loan interest
• The planned phase-out of the FIRE system by December 2026
• 1099 history trivia to impress your tax friends

Whether you're an accountant, AP professional, or just a 1099 nerd, this episode is packed with valuable insights.

📌 Note: These changes are proposed, not final—don’t update your systems just yet!

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