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The threshold for a 1099-MISC is $600. Plenty of non-shady organizations won't file extra paperwork. Another 1099 example: For most states Stripe won't issue
by TAForObvReasons 6y ago
The threshold for a 1099-MISC is $600. Plenty of non-shady organizations won't file extra paperwork.
Another 1099 example: For most states Stripe won't issue you a 1099-K if you don't meet both $20K volume and >200 charges. Is Stripe shady?
- protomyth 6y agoHeck, a buddy showed me a form letter the IRS sent him when he was first starting out and didn't make a whole lot of money (< $500 living at home). He had filed taxes and the IRS had sent him a letter telling him he really didn't need to file and please don't do it again until he had a higher income. He is doing much better now and keeps the letter as inspiration.