swaitsandClaude Opus 5.5
249e216fc0
A vendor's 1099 decision is its own dated fact (files NEC or MISC, not reportable with its reason, or undetermined), applied by each payment's date. Payment methods are recorded; card and network payments are left out and listed; a member's check through financing counts; a bank payment with no method counts (D-40); $2,000 for payments after 2025. One worksheet for the tool, the viewer and the CPA package. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
93 lines
2.7 KiB
TOML
93 lines
2.7 KiB
TOML
id = "1099-the-threshold-is-the-years"
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title = "The 1099-NEC threshold is the one in force for the year the payments were made"
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rule = """
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A payer reports payments to a payee aggregating the threshold or more in a
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calendar year: $600 for payments made through December 31, 2025, and
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$2,000 ("of $2,000 or more") for payments made after it (indexed for
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inflation for calendar years after 2026, not yet known: never guessed). The
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threshold is met at exactly the amount.
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"""
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status = "AUTHORITY"
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sources = [
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"26 U.S.C. §6041(a), (h), §6041A(a)(2) (docs/spec/sources/irs-1099-thresholds.md)",
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"Pub. L. 119-21 §70433(a), (f): \"shall apply with respect to payments made after December 31, 2025\" (docs/spec/sources/irs-1099-payment-method.md)",
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"Instructions for Forms 1099-MISC and 1099-NEC (Rev. April 2025): $600",
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]
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tags = ["1099", "threshold"]
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[setup]
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currency = "USD"
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fiscal_year_start = "01-01"
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basis = "cash"
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rounding = "half-away-from-zero"
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cash_accounts = ["1000"]
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[[setup.accounts]]
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code = "1000"
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name = "Bank"
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type = "asset"
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[[setup.accounts]]
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code = "6000"
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name = "Contract Labor"
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type = "expense"
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[[setup.payees]]
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name = "Riley Chen"
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form = "1099-NEC"
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[[setup.payees]]
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name = "Cedar Studio"
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form = "1099-NEC"
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[[events]]
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date = "2025-11-01"
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description = "Illustration"
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payee = "Riley Chen"
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lines = [
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{ account = "6000", side = "debit", amount = "600.00" },
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{ account = "1000", side = "credit", amount = "600.00" },
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]
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[[events]]
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date = "2026-02-01"
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description = "Illustration"
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payee = "Riley Chen"
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lines = [
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{ account = "6000", side = "debit", amount = "1999.99" },
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{ account = "1000", side = "credit", amount = "1999.99" },
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]
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[[events]]
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date = "2026-02-01"
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description = "Photography"
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payee = "Cedar Studio"
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lines = [
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{ account = "6000", side = "debit", amount = "2000.00" },
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{ account = "1000", side = "credit", amount = "2000.00" },
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]
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# By hand: 2025, Riley 600.00 against $600: reportable (exactly the
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# threshold). 2026, Riley 1,999.99 against $2,000: under; Cedar 2,000.00:
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# reportable.
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[[expect]]
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query = "vendor_1099"
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payee = "Riley Chen"
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from = "2025-01-01"
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to = "2025-12-31"
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values = { status = "reportable", threshold = "600.00", paid = "600.00", excluded_card = "0.00", undetermined = "0.00", not_reportable = "0.00" }
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[[expect]]
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query = "vendor_1099"
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payee = "Riley Chen"
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from = "2026-01-01"
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to = "2026-12-31"
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values = { status = "under_threshold", threshold = "2000.00", paid = "1999.99", excluded_card = "0.00", undetermined = "0.00", not_reportable = "0.00" }
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[[expect]]
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query = "vendor_1099"
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payee = "Cedar Studio"
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from = "2026-01-01"
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to = "2026-12-31"
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values = { status = "reportable", threshold = "2000.00", paid = "2000.00", excluded_card = "0.00", undetermined = "0.00", not_reportable = "0.00" }
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