The Taxpayer First Act of 2019, enacted July 1, 2019, authorized Treasury and the IRS to issue regulations that reduce the 250-return requirement for 2020 tax year and later returns. If those regulations are issued and effective for 2020 or 2021 tax-year returns required to be filed in 2021 or 2022, we will post an article at IRS.gov/form1099 explaining the change. Until regulations are issued, however, the number remains at 250, as reflected in our instructions.
