Question: What do I need to know about the new $2,000 1099-NEC ruling? Answer: The required filing threshold for Form 1099-NEC is increasing from $600 to $2,000 for all payments starting in 2026. This change significantly simplifies year-end administration for...
1099
1099 vs. W-2? A Guide for Ministries
Ministry is wonderfully complex, but worker classification shouldn't add unnecessary confusion. Unfortunately, it typically causes more questions than answers. Such as, is your part-time worship leader an employee or an independent contractor? What about the youth...
Should I issue Form W-2 or Form 1099-NEC for our minister?
Most churches will issue a Form W-2 to a minister for their compensation if the minister is considered an employee of the church. The determination of whether a minister is an employee or an independent contractor is crucial in deciding whether to issue Form W-2 or...