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.
Did you get a Form 1099-K? Find what to do with it.
Current revision
Recent developments
The transition period described in Notice 2023-10, 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
Other items you may find useful
Understanding your Form 1099-K
About General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G)
Online ordering for information returns and employer returns