A payment settlement entity (PSE) must file Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third party network transaction, if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction. Current Revision Form 1099-K Instructions for 1099-K (Print Version) Recent Developments None at this time. Other Items You May Find Useful All Form 1099-K Revisions About General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) Gig Economy Tax Center Understanding Your Form 1099-K Third Party Reporting Information Center Online Ordering for Information Returns and Employer Returns Other Current Products
