Why do I need to submit tax forms if I didn't hit the IRS threshold?

The IRS mandates individuals report all income on their tax returns, regardless of the amount. This includes earnings under $600, for which businesses may not issue a Form 1099-NEC. This rule ensures accurate income reporting and adherence to tax laws.

For more detailed information, please visit the IRS official website or consult with a tax professional on income reporting and fulfilling tax obligations.