If, as part of your trade or business, you made any of the following types of payments, use the link to be directed to information on filing the appropriate information return. A payment exceeding the amount of the reporting threshold for the following during the year (Form 1099-NEC): Services performed by someone who is not your employee (including parts and materials) Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish...

IR-2025-129, Dec. 31, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill. The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use. This new tax benefit applies to both taxpayers who take the standard deduction and those...

The Food and Beverage Tax is 4% of the total cost of food and beverages sold by restaurants, caterers, or other designated establishments defined as a restaurant in the Code of Virginia § 35.1-1. The tax is imposed on food and beverages sold as meals by a restaurant, caterer, or other designated establishment within Fairfax County. However, the tax does not apply to food establishments situated in the Towns of Clifton, Herndon, or Vienna, or in the Cities of Fairfax, or Falls Church, as these...