SETSimple Easy Transactions

TAX YEAR 2026 · FOR ANY US BUSINESS THAT PAID PEOPLE IN STABLECOINS

Paid contractors in USDC? Get 1099-ready records you can prove.

Forms 1099-NEC for 2026 are due February 1, 2027, at a new $2,000 threshold, and paying in USDC does not take a payment out of reporting. Send SET your own list of payouts and payees: every payout is read from the blockchain, every payee is totalled for the year, and your CPA gets a ledger and an evidence binder to file from. You do not need to be a SET customer.

Choose your pack →Why this price is fair

WHAT IT IS

The USDC Payouts 1099 Pack, in one paragraph.

The USDC Payouts 1099 Pack by Simple Easy Transactions is a fixed-price service for any US business that paid contractors, bounty winners or creators in dollar stablecoins during 2026 from its own wallets. You do not need to be a SET customer. You send your own list of payout transactions and your own payee list; SET reads every payout from the blockchain, totals each payee for the year against the IRS reporting threshold, flags who still needs a W-9 or W-8, and returns a ledger, an exceptions list and an evidence binder your CPA or e-file provider uses to prepare Forms 1099-NEC. SET does not decide tax treatment, does not file, and never receives payee names or taxpayer ID numbers.

Paying people in USDC next year too? SET Payouts sends a monthly statement on Starter and Growth, so next season starts from a record instead of a rebuild.

WHY NOW

The rules, in the IRS's own words.

“Payments of virtual currency required to be reported on Form 1099-MISC should be reported using the fair market value of the virtual currency in U.S. dollars as of the date of payment.”

Paying in USDC does not take a payment out of reporting. In 2014 that form was 1099-MISC; payments for services now go on Form 1099-NEC.

IRS Notice 2014-21, Q&A 13
“increased to $2,000 and may be adjusted for inflation beginning in calendar year 2027”

2026 is the first year at $2,000 instead of $600.

IRS Instructions for Forms 1099-MISC and 1099-NEC (Rev. December 2026)
“If the regular due date falls on a Saturday, Sunday, or legal holiday in the District of Columbia or where the return is to be filed, file by the next business day.”

Form 1099-NEC is due January 31. In 2027 that is a Sunday, so 2026 forms are due Monday, February 1, 2027.

IRS General Instructions for Certain Information Returns
“IRIS will be the only information returns electronic filing system”

The old FIRE system takes its last filing on November 19, 2026, so tax-year-2026 forms are filed through IRIS.

IRS: Filing Information Returns Electronically (FIRE)

HOW IT WORKS

Two files in. A pack your CPA can file from out.

  1. 01

    Buy the size that fits

    Pick Starter, Standard or Plus by how many people you paid. You pay here; no account with SET is needed.

  2. 02

    Send two files

    An export of your outgoing payout transactions (a Safe or block-explorer CSV works) and a payee list that maps each wallet to your own payee ID. No names and no taxpayer ID numbers.

  3. 03

    SET reads every payout from the chain

    Each listed transaction is read from its own blockchain. A payout counts only if a dollar stablecoin left one of your wallets for someone else's, and anything that cannot be confirmed is listed, never guessed.

  4. 04

    You get the pack

    A payout ledger, an exceptions list, each payee's total for 2026 against the $2,000 threshold with the next action, and an evidence binder your CPA can check.

  5. 05

    You or your CPA file

    Join names and taxpayer IDs in your own e-file provider by payee ID, send any missing W-9 or W-8 requests from there, and file through IRIS.

payouts.csvOne row per payout read from the chain: local date, UTC time, chain, transaction, block, token, from, to, the exact amount, dollars at $1.00 a token, and your payee ID.
exceptions.csvEvery listed transaction that could not be confirmed, with the reason and what to do: wrong chain, not from your wallets, failed on chain, or not final.
payees.csvEach payee's 2026 total, whether it meets the $2,000 threshold, the tax form you have on file, and the next action: request a W-9 or W-8, review for a 1099-NEC, or match an unknown wallet.
binder.mdThe evidence: fingerprints of the files you sent, your payer wallets, the networks read, the method, every count, and the limits, so an auditor can re-check any row.

PRICING

One fixed price, by how many people you paid.

Starter

$750

One-time payment.

For a US business that paid up to 25 people in stablecoins during 2026 from its own wallets. SET reads every payout you list from the chain, totals each payee against the $2,000 reporting threshold, flags who still needs a W-9 or W-8, and delivers a ledger, an exceptions list and an evidence binder for your CPA or e-file provider.

  • Tax year 2026: up to 25 payees and 500 payout transactions: USDC on Base, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, World Chain, Celo, Tempo or Solana; USDT or PYUSD on Ethereum or Solana; OUSD on Base, Ethereum, Tempo or Solana
  • Delivered within 5 business days after SET has your transaction export and payee list; order by January 8, 2027 with complete files for delivery before January 22, 2027
  • Checks only the transactions you list; it does not search chains for others
  • SET does not decide contractor status or tax treatment and does not file; you or your CPA decide and file through your own e-file provider
  • SET never receives payee names or taxpayer ID numbers

After the signed Stripe webhook records the payment, SET confirms scope, access, and scheduling with the buyer.

Standard

$1,500

One-time payment.

For a US business that paid up to 100 people in stablecoins during 2026 from its own wallets. SET reads every payout you list from the chain, totals each payee against the $2,000 reporting threshold, flags who still needs a W-9 or W-8, and delivers a ledger, an exceptions list and an evidence binder for your CPA or e-file provider.

  • Tax year 2026: up to 100 payees and 2,500 payout transactions: USDC on Base, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, World Chain, Celo, Tempo or Solana; USDT or PYUSD on Ethereum or Solana; OUSD on Base, Ethereum, Tempo or Solana
  • Delivered within 7 business days after SET has your transaction export and payee list; order by January 8, 2027 with complete files for delivery before January 22, 2027
  • Checks only the transactions you list; it does not search chains for others
  • SET does not decide contractor status or tax treatment and does not file; you or your CPA decide and file through your own e-file provider
  • SET never receives payee names or taxpayer ID numbers

After the signed Stripe webhook records the payment, SET confirms scope, access, and scheduling with the buyer.

Plus

$2,500

One-time payment.

For a US business that paid up to 250 people in stablecoins during 2026 from its own wallets. SET reads every payout you list from the chain, totals each payee against the $2,000 reporting threshold, flags who still needs a W-9 or W-8, and delivers a ledger, an exceptions list and an evidence binder for your CPA or e-file provider.

  • Tax year 2026: up to 250 payees and 10,000 payout transactions: USDC on Base, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, World Chain, Celo, Tempo or Solana; USDT or PYUSD on Ethereum or Solana; OUSD on Base, Ethereum, Tempo or Solana
  • Delivered within 10 business days after SET has your transaction export and payee list; order by January 8, 2027 with complete files for delivery before January 22, 2027
  • Checks only the transactions you list; it does not search chains for others
  • SET does not decide contractor status or tax treatment and does not file; you or your CPA decide and file through your own e-file provider
  • SET never receives payee names or taxpayer ID numbers

After the signed Stripe webhook records the payment, SET confirms scope, access, and scheduling with the buyer.

More than 250 payees, or a CPA firm with several clients? Ask for a written quote. Every pack is sold under SET's Custom Build terms: cancel within 7 days after you pay for a full refund (Terms §3.7).

WHY THIS PRICE IS FAIR

What each option does, and what it leaves to you.

Vendor prices are quoted from their own pages, opened 2026-11-05.

OptionCostWhat it doesWhat it leaves to you
E-file software aloneFrom $2.75 a form (TaxBandits) or $2.99 (Tax1099)Files the forms you give itWho you paid and how much: it assumes your list is already right, and reads no blockchain
A CPA rebuilding the ledger by handBilled by the hourMatches wallets to people and totals them, transaction by transactionThe hours: a few dozen payees across several chains takes real time, and the evidence is whatever the spreadsheet holds
A contractor-payment platformIts own subscriptionReports the payouts it ran for youAny payout you sent from your own wallet or multisig
The SET 1099 Pack$750, $1,500 or $2,500, fixedVerifies every listed payout on chain, totals each payee, flags missing forms, and hands over the evidenceDeciding and filing, which stay with you or your CPA

WHY BUY IT FROM SET

Records you can prove, without handing over anyone's identity.

Evidence, not a spreadsheetEvery row is read from the chain itself, with its transaction and block, so your CPA or an auditor can check any payout without trusting anyone's export.
You never hand over a name or a taxpayer IDPayees are your own IDs. Names and taxpayer IDs stay in your e-file provider, and W-9 and W-8 requests go from there straight to each payee.
Every chain you paid on, in one ledgerUSDC on Base, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, World Chain, Celo, Tempo or Solana; USDT and PYUSD on Ethereum or Solana; OUSD on Base, Ethereum, Tempo or Solana.
Dated in your time zoneEach payout is dated in your own time zone, and payouts on December 31 or January 1 are flagged so none lands in the wrong year.
Built for this deadlineFixed delivery after SET has your files, and an order date that leaves you time to file by February 1.
Made by people who verify their own payouts this waySET runs USDC payouts and cash-outs of its own, and confirms every send on chain before calling it done. The pack applies the same check to yours.

WHO IT IS FOR

Anyone who paid the same people in stablecoins through the year.

Bug-bounty and audit-contest platformsRewards paid in USDC to the same researchers through the year.
Hackathons and grant programs with a US entityPrizes and grants delivered to winners' wallets.
Web3 studios and startupsContractors paid from a company multisig instead of payroll.
CPA firms with crypto clientsSeveral clients at once, quoted in writing.

WHAT TO KNOW FIRST

What the pack does not do.

QUESTIONS

What businesses ask first.

Is the 1099 Pack only for SET customers?

No. Any US business that paid people in dollar stablecoins during 2026 from its own wallets can buy it. You send your own transaction list and payee list; you do not need an account with SET or to have used SET Payouts.

What does the 1099 Pack cost?

Starter is $750 for up to 25 payees and 500 payout transactions, Standard is $1,500 for up to 100 payees and 2,500 transactions, and Plus is $2,500 for up to 250 payees and 10,000 transactions. Larger lists are quoted in writing.

Does SET file our 1099s?

No. SET does not decide tax treatment and does not file. You or your CPA file through your own e-file provider, using the ledger and binder SET delivers.

Do we have to send payee names or taxpayer ID numbers?

No, and SET does not want them. Each payee is your own payee ID. You join names and taxpayer IDs in your own e-file provider, which also sends any W-9 or W-8 request.

We paid from several wallets and chains. Is that covered?

Yes. List every wallet or multisig you paid from, and transactions on any of the supported networks. Transfers between your own wallets are left out, because they are not payouts.

What about contractors outside the US?

The pack flags payees with a W-8 on file for your CPA's review. Payments to a foreign person who gives you a W-8 generally do not go on a 1099-NEC; your CPA decides whether another form, such as Form 1042-S, applies.

When will we get it?

Within 5, 7 or 10 business days after SET has your transaction export and payee list, by size. Orders received by January 8, 2027 with complete files are delivered before January 22, 2027.

Can we cancel?

Yes. The pack is sold under SET's Custom Build terms: cancel within 7 days after you pay for a full refund (Terms §3.7).

Choose your pack →Ask a question first

SOURCES

Every rule and price on this page, opened 2026-11-05.