1099-K or 1099-NEC? What Each Form Means for You
The 1099-K and 1099-NEC report your side income to the IRS in different ways. Here is who sends each form, the thresholds, and how to handle overlap.
Taxes and Records
Keeping track of small amounts of extra income.
What Is Self-Employment Tax and When Do You Owe It?
Self-employment tax is 15.3% for Social Security and Medicare on net side income of $400 or more. Here is how the math works and when it kicks in.
What Happens If You Don’t Report Small Survey Income?
Skipped reporting small survey income in a past year? What the IRS requires, what usually happens with small amounts, and how to fix it with Form 1040-X.
Tracking Small Side Income: A First-Timer’s Record System
A simple starter system for logging small online income: a payout log, saved confirmations and a folder for 1099s, so tax season takes minutes, not days.
Reporting Small Online Income: A Beginner’s Tax Walkthrough
How to report small survey and gig earnings, covering hobby versus business, the $400 self-employment threshold and simple record keeping.
Can I Deduct My Internet Bill for Survey Income?
Most survey takers can't deduct internet, a computer or a home office. How the IRS hobby-versus-business rules decide, and what's worth tracking anyway.