IRS revises frequently asked questions about Form 1099-K

IR-2023-53, March 22, 2023

WASHINGTON — The Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2023-06PDF. The updates are:

  • General section: Question 3 updated
  • Individuals section: Questions 6 and 7 added
  • Filing Form 1099-K section: Question 5 updated

More information about reliance is available.