{ "batch": "1090-ai-content-services-paperwork-and-taxes", "articles": [ { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_1", "category": "Business", "title": "IRS Form 1099-K reporting threshold: Money.fees", "summary": "Third party settlement organizations must report payments on Form 1099-K when total amount exceeds $20,000 in more than 200 transactions", "body": "Third party settlement organizations must report payments on Form 1099-K when total amount exceeds $20,000 in more than 200 transactions\n\nWhat Internal Revenue Service actually says:\n\n“Third party settlement organizations (TPSOs) (payment apps and online marketplaces) are required to report payments on Form 1099-K when the total amount of payments you receive for goods or services through the platform exceeds $20,000 in more than 200 transactions. You may receive a Form 1099-K even when total payments or transactions are less than the reporting threshold. No matter the amount of reported payments, if you receive payments for selling goods or services, you must report all income on your tax return.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Third party settlement organizations (TPSOs) (payment apps and online marketplaces) are required to report payments on Form 1099-K when the total amount of payments you receive for goods or services through the platform exceeds $20,000 in more than 200 transactions. You may receive a Form 1099-K even when total payments or transactions are less than the reporting threshold. No matter the amount of reported payments, if you receive payments for selling goods or services, you must report all income on your tax return.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "IRS Form 1099-K reporting threshold", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_2", "category": "Business", "title": "IRS Form 1099-NEC reporting threshold: Money.fees", "summary": "$600 threshold for reporting nonemployee compensation on Form 1099-NEC", "body": "$600 threshold for reporting nonemployee compensation on Form 1099-NEC\n\nWhat Internal Revenue Service actually says:\n\n“Use Form 1099-NEC to report nonemployee compensation.”", "source_type": "official", "source_link": "https://www.irs.gov/forms-pubs/about-form-1099-nec", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Use Form 1099-NEC to report nonemployee compensation.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "IRS Form 1099-NEC reporting threshold", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_3", "category": "Business", "title": "Money.tax", "summary": "Self-employment tax rate is 15.3% consisting of 12.4% Social Security and 2.9% Medicare", "body": "Self-employment tax rate is 15.3% consisting of 12.4% Social Security and 2.9% Medicare\n\nWhat Internal Revenue Service actually says:\n\n“The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Self-employment tax rate", "topic": "Money.tax", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_4", "category": "Business", "title": "Money.tax", "summary": "Net earnings from self-employment of $400 or more require filing Schedule SE", "body": "Net earnings from self-employment of $400 or more require filing Schedule SE\n\nWhat Internal Revenue Service actually says:\n\n“You must pay self-employment tax and file Schedule SE if your net earnings from self-employment (excluding church employee income) were $400 or more.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "You must pay self-employment tax and file Schedule SE if your net earnings from self-employment (excluding church employee income) were $400 or more.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Self-employment tax filing requirement", "topic": "Money.tax", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_5", "category": "Business", "title": "Form 1099-K sent by January 31: Money.fees", "summary": "Payment card companies, payment apps and online marketplaces must send Form 1099-K copies to recipients by January 31", "body": "Payment card companies, payment apps and online marketplaces must send Form 1099-K copies to recipients by January 31\n\nWhat Internal Revenue Service actually says:\n\n“Payment card companies, payment apps and online marketplaces are required to fill out Form 1099-K and send it to the IRS each year. They must also send a copy to you by January 31.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Payment card companies, payment apps and online marketplaces are required to fill out Form 1099-K and send it to the IRS each year. They must also send a copy to you by January 31.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Form 1099-K sent by January 31", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_6", "category": "Business", "title": "Money.tax", "summary": "Individuals including sole proprietors must make estimated tax payments if they expect to owe $1,000 or more when return is filed", "body": "Individuals including sole proprietors must make estimated tax payments if they expect to owe $1,000 or more when return is filed\n\nWhat Internal Revenue Service actually says:\n\n“Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Estimated tax payment requirement", "topic": "Money.tax", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_7", "category": "Business", "title": "Form 1099-K for credit/debit card payments: Money.fees", "summary": "Payment card processors must send Form 1099-K regardless of number of payments or amount", "body": "Payment card processors must send Form 1099-K regardless of number of payments or amount\n\nWhat Internal Revenue Service actually says:\n\n“If your customers or clients pay you directly by credit, debit or gift card, you'll get a Form 1099-K from your payment card processor no matter how many payments you got or how much they were for.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "If your customers or clients pay you directly by credit, debit or gift card, you'll get a Form 1099-K from your payment card processor no matter how many payments you got or how much they were for.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Form 1099-K for credit/debit card payments", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_8", "category": "Business", "title": "Personal payments excluded from Form 1099-K: Money.fees", "summary": "Money received from friends/family as gifts or personal expenses should not be reported on Form 1099-K", "body": "Money received from friends/family as gifts or personal expenses should not be reported on Form 1099-K\n\nWhat Internal Revenue Service actually says:\n\n“Money you received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. These payments aren't taxable income. For example: Sharing the cost of a car ride or meal, receiving money for birthday or holiday gifts or getting repaid by a roommate for rent or a household bill.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Money you received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. These payments aren't taxable income. For example: Sharing the cost of a car ride or meal, receiving money for birthday or holiday gifts or getting repaid by a roommate for rent or a household bill.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Personal payments excluded from Form 1099-K", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_9", "category": "Business", "title": "Who receives Form 1099-K from payment apps: Money.fees", "summary": "Payment apps or online marketplaces must send Form 1099-K if goods/services payments total over $20,000 in more than 200 transactions", "body": "Payment apps or online marketplaces must send Form 1099-K if goods/services payments total over $20,000 in more than 200 transactions\n\nWhat Internal Revenue Service actually says:\n\n“A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $20,000 in more than 200 transactions. However, they may send you a Form 1099-K with lower amounts and/or transactions.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $20,000 in more than 200 transactions. However, they may send you a Form 1099-K with lower amounts and/or transactions.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Who receives Form 1099-K from payment apps", "topic": "Money.fees", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.fees" ], "explicitness": "any" } }, { "id": "learn_r1090_ai_content_services_paperwork_and_taxes_irs_10", "category": "Business", "title": "Federal agency classification of self-employment income: Money.tax", "summary": "IRS classifies self-employment income as subject to Social Security and Medicare taxes for individuals who work for themselves", "body": "IRS classifies self-employment income as subject to Social Security and Medicare taxes for individuals who work for themselves\n\nWhat Internal Revenue Service actually says:\n\n“Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-10-01", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.", "volatility": "low", "from_batch": "1090-ai-content-services-paperwork-and-taxes", "subject": "Federal agency classification of self-employment income", "topic": "Money.tax", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } } ] }