JohnatRR
Returning Member

Business & farm

Thanks @ThomasM125, IRS deals in jargon and the grammar is hard to decipher reliably in the first sentence:

"Generally, an amount subject to chapter 3 withholding is an amount from sources within the United States that is fixed or determinable annual or periodical (FDAP) income. FDAP income is all income included in gross income, including interest (as well as OID), dividends, rents, royalties, and compensation."

My question concerns a one-time payment of around $625 to a producer who remixed a song. Given it's not annual or periodical I'm guessing that I do not need to file the aforementioned forms for this payment.

Feel free to correct me if I've misunderstood!