Federal Updates Radar
Stay informed about changes to federal contractor rules, deadlines, and guidance.
About This Radar
This page tracks federal-level updates related to 1099 contractor compliance, including IRS guidance, Department of Labor rules, deadline reminders, and penalty updates. We focus on federal rules only—state-specific requirements are not included in v1.
Recent Updates
IRS Guidance
IRS Updates 1099-NEC Filing Thresholds
New guidance on when 1099-NEC forms are required for 2024 tax year. Clarifies payment thresholds and reporting requirements.
Source: IRS Notice 2024-XX
DOL Rules
DOL Contractor Classification Rules
Updated federal guidance on independent contractor classification standards. New factors to consider when determining worker status.
Source: DOL Final Rule
Deadline Reminder
2024 Filing Season Reminder
Reminder that 1099-NEC forms for 2023 tax year must be filed by January 31, 2024. Electronic filing now required for 250+ forms.
Source: IRS
IRS Guidance
Self-Employment Tax Updates
Updated self-employment tax rates and thresholds for 2024. Changes to Social Security wage base and Medicare tax rates.
Source: IRS Publication 15
Penalty Updates
2024 Penalty Amounts Announced
IRS announces updated penalty amounts for late or incorrect 1099 filings. Penalties increase based on how late the filing is.
Source: IRS Revenue Procedure
Stay Updated
Federal rules and guidance can change. This radar is updated regularly to reflect the latest information. For the most current official guidance, always refer to IRS.gov and DOL.gov directly.