What’s Changing!

Written By DeMarcus Reel

What’s Changing in 2026

  • IRS Filing Season Start Unclear: While there were reports that the 2026 filing season might start around Presidents' Day (Feb. 16, 2026), the IRS has not confirmed this. An official start date is expected in January 2026.

  • 1099 Reporting Thresholds: Under the "One Big Beautiful Bill Act", starting in 2026:

    • A $1% excise tax applies to certain electronic transfers to foreign countries.

    • The thresholds for Form 1099-K reporting remain the same (i.e., $20,000 and 200 transactions).

    • The threshold for Forms 1099-MISC and 1099-NEC increases from $600 to $2,000, adjusted for inflation in future years.

These changes mean more small-business owners and gig workers may not receive certain 1099s—so keep careful records!

DeMarcus Reel

Reel Accounting Solutions is a trusted provider of professional accounting and tax services, dedicated to helping individuals and small businesses achieve financial clarity and long-term stability. Founded by DeMarcus D. Reel, a skilled accountant with a strong background in human resources and business management, the firm was built on the values of accuracy, integrity, and accessibility.

We specialize in personalized tax preparation, bookkeeping, payroll support, and financial planning designed to meet each client’s unique needs. With a focus on building lasting relationships, Reel Accounting Solutions goes beyond the numbers—we empower clients to understand their finances and make confident decisions for the future.

Whether you’re an individual seeking reliable tax support or a business owner looking for strategic financial guidance, Reel Accounting Solutions is committed to delivering excellence, one client at a time.

Our Mission: To provide accurate, affordable, and dependable accounting services that help people and businesses grow with confidence.

Our Vision: To be a leading accounting partner for individuals and small businesses, known for integrity, professionalism, and community impact.

https://reelaccountingsolutions.org
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