Forms that might need to be file: - Form 1040:   Your standard individual tax return. - Schedule C (Form 1040): Profit or Loss from Business): Where you report your total self-employment income and deduct business expenses (gear, software, travel). - Schedule SE  (Self-Employment Tax): Used to calculate Social Security and Medicare taxes on your net earnings.  What to Do: 1. Track Everything: Keep meticulous records of all income (cash, goods, property) and expenses, even if you don't get a 1099. 2. Expect Forms by Jan 31: Forms 1099-NEC/K should arrive by January 31st. 3. Report All Income: You must report all earnings on Schedule C, even if under $600 and no 1099 was issued. 4. Deduct Expenses: Use Schedule C to lower your taxable income by deducting business-related costs. 5. Consult a Professional: A Tax Professional familiar with creator businesses can help navigate multi-platform income.

PART 2: Ask your TAX PROFESSIONAL about the IRS 1099-K threshold changes for the 2025 tax year. This change, enacted by the "One, Big, Beautiful Bill," reversed earlier plans for lower thresholds, though some states have their own lower thresholds -  IRS 1099-K threshold has reverted to the original requirement: Third-Party Settlement Organizations (TPSOs) must issue Form 1099-K only if a recipient receives over $20,000 in gross payments AND more than 200 transactions for goods or services on their platform. This change, enacted by the "One, Big, Beautiful Bill," reversed earlier plans for lower thresholds, though some states have their own lower thresholds

PART 1: If you are a content creators make sure you, “ASK YOUR TAX PROFESSIONAL” about Form 1099-NEC (Nonemployee Compensation) from companies paying you $600 or more, and potentially Form 1099-K from payment processors like PayPal for high transaction volumes, but must report all income, even below $600, on Schedule C (Form 1040) to detail your self-employment earnings and business deductions. Key Forms to Receive: - Form 1099-NEC: For service payments (brand deals, creator fund payouts, affiliate commissions) over $600 from a single source, sent by companies like YouTube, TikTok, or brand partners. -  Form 1099-K: For third-party payment processing (Stripe, PayPal) if you meet certain thresholds (historically $20k/200 transactions, but thresholds change). 

IRS Tax Tip 2026-01, Jan. 6, 2026: As tax professionals we want our clients to know that these are principles and compliance we follow when we work with them. When choosing your tax professional make sure they adhere to your rights. The right to be informed: Taxpayers have the right to know what they need to do to comply with the tax laws. The right to quality service: Taxpayers have the right to receive prompt, courteous and professional assistance when working with the IRS and the freedom to speak to a supervisor about inadequate service. The right to pay no more than the correct amount of tax: Taxpayers have the right to pay only the amount of tax legally due, including interest and penalties, and to have the IRS apply all tax payments properly. The right to challenge the IRS’s position and be heard: Taxpayers have the right to object to formal IRS actions or proposed actions and provide justification with additional documentation. The right to appeal an IRS decision in an independent forum: Taxpayers are entitled to a fair and impartial administrative appeal of most IRS decisions, including certain penalties. The right to finality: Taxpayers have the right to know the maximum amount of time they have to challenge an IRS position and the maximum amount of time the IRS must audit a particular tax year or collect a tax debt. The right to privacy: Taxpayers have the right to expect that any IRS inquiry, examination or enforcement action will comply with the law and be no more intrusive than necessary. The right to confidentiality: Taxpayers have the right to expect that their tax information will remain confidential. The right to retain representation: Taxpayers have the right to retain an authorized representative of their choice to represent them in their interactions with the IRS. The right to a fair and just tax system: Taxpayers have the right to expect fairness from the tax system. This includes considering all facts and circumstances that might affect their liabilities, ability to pay or provide information timely.

Hello everyone and welcome. A little more about me, I am a U.S. tax preparer. I am only doing tax for ten new clients this year. After this tax season I will only be working with expat taxpayers. As a content creator and future expat my biggest fear was, how do I make sure my tax are in IRS compliance. That is why I started my Expats, Income, & Taxes business. I wanted to make sure that I keep more of the money I earn so I can live that expat life. There are so many changes in the tax world now with OB3 (One Big Beautiful Bill), and being an expat add to those changes. For the tax year 2026, I will only work with a maximum of 10 expats and perform complete tax service for the entire year. I would love to hear why you join the community and any questions you may have or comments to share. Tax season officially start on January 26, 2026.🤨 Alice