About Form 1099-K, Payment Card and Third Party Network Transactions


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

Recent Developments

The transition period described in Notice 2023-10PDF, delays the reporting of transactions in excess of $600 to transactions that occur after calendar year 2022.  -- 27-DEC-2022

Form 1099-K- Clarification of Total Dollar Amount in Box 1a -- 10-NOV-2022

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