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Originally Posted by jkumpire
It is $600 not $400. Also if you receive more than $600 from one outfit for services (like a school for example) they have to file a Form 1099.
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Rich is actually correct. The self-employment tax (FICA/SS) only has to be paid if you make over $400. The income tax (Fed. Withholding on a paycheck) is charged on everything you earn.
You are, however, correct, on the $600 single payer 1099 requirement.