FAQs under review November 21, 2023: The IRS is reviewing all 1099-K FAQs due to Notice 2023-74PDF guidance. They will be updated as soon as the review is complete. For more information, see news release IR-2023-221. These updated FAQs were released to the public in Fact Sheet 2023-06PDF, March 22, 2023. Below are links to frequently asked questions about the Form 1099-K — including general information, reporting requirements and filing the form. General Definitions Individuals Reporting Filing Form 1099-K Related topics Understanding Your Form 1099-K 1099-K Reporting Requirements for Payment Settlement Entities Gig Economy Tax Center Pay As You Go, So You Won’t Owe: A Guide to Withholding, Estimated Taxes, and Ways to Avoid the Estimated Tax Penalty Money received through "crowdfunding" may be taxable; taxpayers should understand their obligations and the benefits of good recordkeeping Self-Employed Individuals Tax Center Tax Information for Individuals Forms Form 1099-K, Payment Card and Third Party Network PaymentsPDF Instructions for Form 1099-K, Payment Card and Third Party Network TransactionsPDF Previous updates to FAQs Fact Sheet 2022-41PDF, December 28, 2022
