Compliance & Reporting Changes
- 1099 thresholds revert: Third-party payment reporting returns to $20K & 200 transactions starting in 2026.
- State SALT workaround curbs: New limits on pass-through entity SALT elections imposed $$ caps effective after 2025.
- Partnership basis-shifting audits: Stronger IRS enforcement begins for tax years 2026 and beyond, raising compliance risk.
