{ "batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "articles": [ { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_threshold", "category": "Business", "title": "IRS Form 1099-K reporting threshold for payment platforms: Money.payout", "summary": "Form 1099-K must be issued by third-party settlement organizations when payments for goods or services exceed $20,000 in more than 200 transactions", "body": "Form 1099-K must be issued by third-party settlement organizations when payments for goods or services exceed $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.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/understanding-your-form-1099-k", "last_verified": "2026-10-10", "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.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "IRS Form 1099-K reporting threshold for payment platforms", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_paymentcard", "category": "Business", "title": "Form 1099-K issuance by payment card companies regardless of amount: Money.payout", "summary": "Payment card companies must send Form 1099-K to payees regardless of the number of payments or total amount received", "body": "Payment card companies must send Form 1099-K to payees regardless of the number of payments or total amount received\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": "2026-10-10", "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": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Form 1099-K issuance by payment card companies regardless of amount", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_deadline", "category": "Business", "title": "Deadline for Form 1099-K issuance by platforms: Money.payout", "summary": "Platforms must send Form 1099-K to payees by January 31 following the calendar year", "body": "Platforms must send Form 1099-K to payees by January 31 following the calendar year\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": "2026-10-10", "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": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Deadline for Form 1099-K issuance by platforms", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_personalitemsloss", "category": "Business", "title": "Reporting personal items sold at a loss on tax return: Money.payout", "summary": "Personal items sold at a loss can be reported to zero out Form 1099-K gross income so no taxes are owed", "body": "Personal items sold at a loss can be reported to zero out Form 1099-K gross income so no taxes are owed\n\nWhat Internal Revenue Service actually says:\n\n“A loss on the sale of a personal item can't be deducted from your taxes. But you can zero out the reported gross income so you don't pay taxes on it.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/what-to-do-with-form-1099-k", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "A loss on the sale of a personal item can't be deducted from your taxes. But you can zero out the reported gross income so you don't pay taxes on it.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Reporting personal items sold at a loss on tax return", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_personalitemsgain", "category": "Business", "title": "Reporting personal items sold at a gain on tax return: Money.payout", "summary": "Personal items sold at a gain must be reported on Form 8949 and Schedule D", "body": "Personal items sold at a gain must be reported on Form 8949 and Schedule D\n\nWhat Internal Revenue Service actually says:\n\n“If you made a profit or gain on the sale of a personal item, your profit is taxable. The profit is the difference between the amount you received for selling the item and the amount you originally paid for the item.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/what-to-do-with-form-1099-k", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "If you made a profit or gain on the sale of a personal item, your profit is taxable. The profit is the difference between the amount you received for selling the item and the amount you originally paid for the item.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Reporting personal items sold at a gain on tax return", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_1099k_mustreport", "category": "Business", "title": "Must report all income even without Form 1099-K: Money.payout", "summary": "You must report all income on your tax return even if you don't receive a Form 1099-K", "body": "You must report all income on your tax return even if you don't receive a Form 1099-K\n\nWhat Internal Revenue Service actually says:\n\n“Even if you don't get a Form 1099-K, if you received payments for goods, services or property, you must report your income. This includes payments you receive in cash, property, goods, digital assets or foreign sources or assets.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/what-to-do-with-form-1099-k", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Even if you don't get a Form 1099-K, if you received payments for goods, services or property, you must report your income. This includes payments you receive in cash, property, goods, digital assets or foreign sources or assets.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Must report all income even without Form 1099-K", "topic": "Money.payout", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.payout" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_gigeconomy_taxable", "category": "Business", "title": "Gig economy income is taxable: Money.tax", "summary": "Gig economy income must be reported on a tax return even if part-time, temporary, side work or not reported on an information return form", "body": "Gig economy income must be reported on a tax return even if part-time, temporary, side work or not reported on an information return form\n\nWhat Internal Revenue Service actually says:\n\n“You must report income earned from the gig economy on a tax return, even if the income is: from part-time, temporary or side work; not reported on an information return form; paid in any form, including cash, property, goods, or virtual currency.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/gig-economy-tax-center", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "You must report income earned from the gig economy on a tax return, even if the income is: from part-time, temporary or side work; not reported on an information return form; paid in any form, including cash, property, goods, or virtual currency.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Gig economy income is taxable", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_selfemploymenttaxrate", "category": "Business", "title": "Money.tax", "summary": "The self-employment tax rate is 15.3% consisting of 12.4% for Social Security and 2.9% for Medicare", "body": "The self-employment tax rate is 15.3% consisting of 12.4% for Social Security and 2.9% for Medicare\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. The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-10-10", "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. The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Self-employment tax rate for gig workers", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_selfemploymentthreshold", "category": "Business", "title": "Money.tax", "summary": "You must file Schedule SE if net earnings from self-employment were $400 or more", "body": "You must file Schedule SE if net earnings from self-employment were $400 or more\n\nWhat Internal Revenue Service actually says:\n\n“You must pay self-employment tax and file Schedule SE if either of the following applies: 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": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "You must pay self-employment tax and file Schedule SE if either of the following applies: Your net earnings from self-employment (excluding church employee income) were $400 or more.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Net earnings threshold for self-employment tax filing", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_irs_additionalmedicare", "category": "Business", "title": "Money.tax", "summary": "Additional 0.9% Medicare tax applies when self-employment income exceeds $200,000 (single) or $250,000 (married filing jointly)", "body": "Additional 0.9% Medicare tax applies when self-employment income exceeds $200,000 (single) or $250,000 (married filing jointly)\n\nWhat Internal Revenue Service actually says:\n\n“You are liable for an additional 0.9% Medicare Tax if your wages, compensation, or self-employment income (together with that of your spouse if filing a joint return) exceed the threshold amount for your filing status: Single $200,000; Married filing jointly $250,000.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "You are liable for an additional 0.9% Medicare Tax if your wages, compensation, or self-employment income (together with that of your spouse if filing a joint return) exceed the threshold amount for your filing status: Single $200,000; Married filing jointly $250,000.", "volatility": "medium", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Additional 0.9% Medicare tax threshold", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "running", "region": [ "us" ], "platform": "any", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_flr4free_terms14_4", "category": "Business", "title": "Flirt4Free Terms Section 14.4 on taxes: Money.tax", "summary": "Flirt4Free Terms state that purchasers are responsible for reporting and paying certain taxes; taxes may include duties, customs fees, or other taxes other than income tax", "body": "Flirt4Free Terms state that purchasers are responsible for reporting and paying certain taxes; taxes may include duties, customs fees, or other taxes other than income tax\n\nWhat Flirt4Free actually says:\n\n“Additionally, if required by law, you are responsible for reporting and paying certain taxes in connection with your purchase and use of a paid service. These taxes may include duties, customs fees, or other taxes (other than income tax), along with any related penalties or interest, as applicable to your purchase or country of purchase.”", "source_type": "official", "source_link": "https://www.flirt4free.com/terms.php", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Flirt4Free", "evidence_quote": "Additionally, if required by law, you are responsible for reporting and paying certain taxes in connection with your purchase and use of a paid service. These taxes may include duties, customs fees, or other taxes (other than income tax), along with any related penalties or interest, as applicable to your purchase or country of purchase.", "volatility": "low", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Flirt4Free Terms Section 14.4 on taxes", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "any" ], "platform": "flirt4free", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_flr4free_vatfaq", "category": "Business", "title": "Flirt4Free FAQ mentions VAT in billing: Money.tax", "summary": "Flirt4Free FAQ includes a question 'What is +VAT?' referring to value-added tax added to credit-card purchases", "body": "Flirt4Free FAQ includes a question 'What is +VAT?' referring to value-added tax added to credit-card purchases\n\nWhat Flirt4Free actually says:\n\n“What is +VAT?”", "source_type": "official", "source_link": "https://www.flirt4free.com/faq.php", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Flirt4Free", "evidence_quote": "What is +VAT?", "volatility": "low", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Flirt4Free FAQ mentions VAT in billing", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "any" ], "platform": "flirt4free", "topic": [ "money.tax" ], "explicitness": "any" } }, { "id": "learn_r1288_pay_per_minute_calls_and_texts_paperwork_and_taxes_1288_flr4free_taxamount", "category": "Business", "title": "Money.tax", "summary": "Flirt4Free purchase summary displays 'Tax Amount' between Product Amount and Total", "body": "Flirt4Free purchase summary displays 'Tax Amount' between Product Amount and Total\n\nWhat Flirt4Free actually says:\n\n“Tax Amount:”", "source_type": "official", "source_link": "https://www.flirt4free.com/faq.php", "last_verified": "2026-10-10", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Flirt4Free", "evidence_quote": "Tax Amount:", "volatility": "low", "from_batch": "1288-pay-per-minute-calls-and-texts-paperwork-and-taxes", "subject": "Flirt4Free payment summary shows Tax Amount", "topic": "Money.tax", "applies_to_country": "Us", "tags": { "lane": "any", "stage": "setting_up", "region": [ "any" ], "platform": "flirt4free", "topic": [ "money.tax" ], "explicitness": "any" } } ] }