House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business
Republicans in the Senate Finance Committee have introduced the "One Big Beautiful Bill Act" to address President Donald Trump's domestic agenda. Both Senate and House versions aim to modify reporting requirements for Forms 1099, increasing thresholds and reducing paperwork for taxpayers.