Form 1099 K – Fill Out and Use This PDF

The Form 1099-K is an informational document for reporting payment transactions processed by payment settlement entities or through third-party networks. It serves as a record for individuals and businesses who have engaged in transactions that are processed via payment cards or through third-party networks, encapsulating details such as gross amounts of payment, merchant category codes, and federal income tax withheld. As regulations and filing requirements evolve, understanding the specifics of this form becomes crucial for accurately reporting to the IRS and avoiding potential penalties. Ensure you're fully informed and compliant by clicking the button below to learn more about filling out Form 1099-K effectively.

Get Form Now Download PDF

Form 1099 K PDF Details

The Form 1099-K is a critical document for individuals and entities that accept payment card transactions or receive payments through third-party networks, capturing the nuances of digital and electronic payments in the modern economy. Issued by merchant acquirers and third-party settlement organizations, this form records the gross amount of all reportable transactions within a calendar year, aiming to streamline the tax reporting process for businesses engaged in e-commerce, online sales, and the gig economy. With sections detailing the transaction amounts, whether the card was present, merchant category codes, and monthly breakdowns of transactions, the form serves as a comprehensive record for both payers and payees. Moreover, it addresses federal and state income tax withholdings, providing a clear overview of tax obligations. It's essential to heed the guidelines provided by the IRS regarding the form's usage – for instance, the official printed version of Copy A must be scannable and cannot be substituted with a printed online version, to avoid penalties. Additionally, the forms contain provisions for corrections and include details on how to order official copies or file electronically, underlining the IRS's efforts to accommodate various filing preferences. This facilitates a streamlined approach to reporting payment card and third-party network transactions, ensuring compliance with tax laws and aiding in accurate tax preparation.

Question	Answer
Form Name	Form 1099 K
Form Length	8 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min
Other names	irs form 1099 k, 1099 k form 2020, 1099 k, form 1099 k get

Form Preview Example

Attention:

Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties.

Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient.

To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order.

Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR).

See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms.

1010	VOID	CORRECTED
FILER’S name, street address, city or town, state or province, country, ZIP				FILER’S TIN	OMB No. 1545-2205
or foreign postal code, and telephone no.							Payment Card and
					Form 1099-K
				PAYEE’S TIN	Form 1099-K
								Third Party
					(Rev. January 2022)			Network
				1a Gross amount of payment	(Rev. January 2022)			Network
				1a Gross amount of payment	For calendar year			Transactions
				transactions	For calendar year			Transactions
				card/third party network		20
				$		20

				1b Card Not Present	2	Merchant category code		Copy A
				transactions				Copy A
				transactions
Check to indicate if FILER is a (an):	Check to indicate transactions			$				For
	reported are:							Internal Revenue
Payment settlement entity (PSE)	reported are:			3 Number of payment	4	Federal income tax		Internal Revenue
Payment settlement entity (PSE)	Payment card			3 Number of payment	4	Federal income tax		Service Center
Electronic Payment Facilitator				transactions		withheld		Service Center
Electronic Payment Facilitator					$
(EPF)/Other third party	Third party network				$			File with Form 1096.
PAYEE’S name				5a January	5b February			File with Form 1096.
				$	$			For Privacy Act
				5c March	5d April			For Privacy Act
				5c March	5d April			and Paperwork
				$	$
Street address (including apt. no.)
Street address (including apt. no.)								Reduction Act
				5e May	5f	June		Notice, see the
				$	$			current General
								Instructions for
				5g July	5h August			Instructions for
				5g July	5h August			Certain Information
				$	$
City or town, state or province, country, and ZIP or foreign postal code
								Returns.
				5i September	5j	October
				$	$
PSE’S name and telephone number				$	$
				5k November	5l	December
				$	$
Account number (see instructions)		2nd TIN not.		6 State	7	State identification no.		8 State income tax withheld
								$
								$
Form 1099-K (Rev. 1-2022)	Cat. No. 54118B		www.irs.gov/Form1099K		Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

	VOID	CORRECTED
FILER’S name, street address, city or town, state or province, country, ZIP			FILER’S TIN	OMB No. 1545-2205
or foreign postal code, and telephone no.						Payment Card and
				Form 1099-K
			PAYEE’S TIN	Form 1099-K
							Third Party
				(Rev. January 2022)			Network
			1a Gross amount of payment	(Rev. January 2022)			Network
			1a Gross amount of payment	For calendar year			Transactions
			transactions	For calendar year			Transactions
			card/third party network		20
			$		20

			1b Card Not Present	2	Merchant category code		Copy 1
			transactions				Copy 1
			transactions
Check to indicate if FILER is a (an):	Check to indicate transactions		$				For State Tax
	reported are:						Department
	reported are:		3 Number of payment	4	Federal income tax
Payment settlement entity (PSE)	Payment card
Payment settlement entity (PSE)	Payment card
Electronic Payment Facilitator			transactions		withheld
Electronic Payment Facilitator				$
(EPF)/Other third party	Third party network			$
PAYEE’S name			5a January	5b February
			$	$
			5c March	5d April
Street address (including apt. no.)			$	$
			5e May	5f	June
			$	$
			5g July	5h August
City or town, state or province, country, and ZIP or foreign postal code			$	$
			5i September	5j	October
			$	$
PSE’S name and telephone number			$	$
			5k November	5l	December
			$	$
Account number (see instructions)			6 State	7	State identification no.		8 State income tax withheld
							$
							$
Form 1099-K (Rev. 1-2022)		www.irs.gov/Form1099K		Department of the Treasury - Internal Revenue Service

CORRECTED (if checked)

FILER’S name, street address, city or town, state or province, country, ZIP

FILER’S TIN

OMB No. 1545-2205

or foreign postal code, and telephone no.

Payment Card and

Form 1099-K

PAYEE’S TIN

Third Party

(Rev. January 2022)

Network

1a Gross amount of payment

For calendar year

Transactions

transactions

card/third party network

1b Card Not Present

Merchant category code

Copy B

transactions

Check to indicate if FILER is a (an):

Check to indicate transactions

For Payee

reported are:

Payment settlement entity (PSE)

Payment card

3 Number of payment

Federal income tax

Electronic Payment Facilitator

transactions

withheld

This is important tax

(EPF)/Other third party

Third party network

information and is

being furnished to

PAYEE’S name

5a January

5b February

the IRS. If you are

required to file a

return, a negligence

5c March

5d April

penalty or other

Street address (including apt. no.)

sanction may be

imposed on you if

5e May

June

taxable income

results from this

transaction and the

5g July

5h August

IRS determines that it

City or town, state or province, country, and ZIP or foreign postal code

has not been

reported.

5i September

October

PSE’S name and telephone number

5k November

December

Account number (see instructions)

6 State

State identification no.

8 State income tax withheld

Form 1099-K (Rev. 1-2022)

(Keep for your records)

www.irs.gov/Form1099K

Department of the Treasury - Internal Revenue Service

Instructions for Payee

You have received this form because you have either (a) accepted payment cards for payments, or (b) received payments through a third party network in the calendar year reported on this form. Merchant acquirers and third party settlement organizations, as payment settlement entities (PSEs), must report the proceeds of payment card and third party network transactions made to you on Form 1099-K under Internal Revenue Code section 6050W. The PSE may have contracted with an electronic payment facilitator (EPF) or other third party payer to make payments to you.

If you have questions about the amounts reported on this form, contact the FILER whose information is shown in the upper left corner on the front of this form. If you do not recognize the FILER shown in the upper left corner of the form, contact the PSE whose name and phone number are shown in the lower left corner of the form above your account number.

If the Form 1099-K is related to your business, see Pub. 334 for more information. If the Form 1099-K is related to your work as part of the gig economy, see www.irs.gov/GigEconomy.

See the separate instructions for your income tax return for using the information reported on this form.

Payee’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However, the issuer has reported your complete TIN to the IRS.

Account number. May show an account number or other unique number the PSE assigned to distinguish your account.

Box 1a. Shows the aggregate gross amount of payment card/third party network transactions made to you through the PSE during the calendar year.

Box 1b. Shows the aggregate gross amount of all reportable payment transactions made to you through the PSE during the calendar year where the card was not present at the time of the transaction or the card number was keyed into the terminal. Typically, this relates to online sales, phone sales, or catalogue sales. If the box for third party network is checked, or if these are third party network transactions, Card Not Present transactions will not be reported.

Box 2. Shows the merchant category code used for payment card/ third party network transactions (if available) reported on this form.

Box 3. Shows the number of payment transactions (not including refund transactions) processed through the payment card/third party network.

Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not furnish your TIN or you did not furnish the correct TIN to the payer. See Form W-9, Request for Taxpayer Identification Number and Certification, and Pub. 505. Include this amount on your income tax return as tax withheld.

Boxes 5a–5l. Show the gross amount of payment card/third party network transactions made to you for each month of the calendar year.

Boxes 6–8. Show state and local income tax withheld from the payments.

Future developments. For the latest information about developments related to Form 1099-K and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099K.

Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

CORRECTED (if checked)

FILER’S name, street address, city or town, state or province, country, ZIP		FILER’S TIN	OMB No. 1545-2205
or foreign postal code, and telephone no.					Payment Card and
			Form 1099-K
		PAYEE’S TIN	Form 1099-K
						Third Party
			(Rev. January 2022)			Network
		1a Gross amount of payment	(Rev. January 2022)			Network
		1a Gross amount of payment	For calendar year			Transactions
		transactions	For calendar year			Transactions
		card/third party network		20
		$		20

		1b Card Not Present	2	Merchant category code		Copy 2
		transactions				Copy 2
		transactions
Check to indicate if FILER is a (an):	Check to indicate transactions	$
	reported are:
	reported are:	3 Number of payment	4	Federal income tax
Payment settlement entity (PSE)	Payment card	3 Number of payment	4	Federal income tax
Electronic Payment Facilitator		transactions		withheld
Electronic Payment Facilitator			$
(EPF)/Other third party	Third party network		$
PAYEE’S name		5a January	5b February
		$	$
		5c March	5d April			To be filed with the
Street address (including apt. no.)		$	$			To be filed with the
Street address (including apt. no.)		$	$			recipient’s state
		5e May	5f	June		recipient’s state
		5e May	5f	June		income tax return,
		$	$			when required.
		5g July	5h August
City or town, state or province, country, and ZIP or foreign postal code		$	$
		5i September	5j	October
		$	$
PSE’S name and telephone number		$	$
		5k November	5l	December
		$	$
Account number (see instructions)		6 State	7	State identification no.		8 State income tax withheld
						$
						$
Form 1099-K (Rev. 1-2022)	www.irs.gov/Form1099K		Department of the Treasury - Internal Revenue Service

	VOID		CORRECTED
FILER’S name, street address, city or town, state or province, country, ZIP				FILER’S TIN	OMB No. 1545-2205
or foreign postal code, and telephone no.							Payment Card and
					Form 1099-K
				PAYEE’S TIN	Form 1099-K
								Third Party
					(Rev. January 2022)			Network
				1a Gross amount of payment	(Rev. January 2022)			Network
				1a Gross amount of payment	For calendar year			Transactions
				transactions	For calendar year			Transactions
				card/third party network		20
				$		20

				1b Card Not Present	2	Merchant category code		Copy C
				transactions				Copy C
				transactions
Check to indicate if FILER is a (an):	Check to indicate transactions			$				For FILER
	reported are:
	reported are:			3 Number of payment	4	Federal income tax
Payment settlement entity (PSE)	Payment card			3 Number of payment	4	Federal income tax
Electronic Payment Facilitator				transactions		withheld
Electronic Payment Facilitator					$
(EPF)/Other third party	Third party network				$
PAYEE’S name				5a January	5b February			For Privacy Act
				$	$			For Privacy Act
				$	$			and Paperwork
				5c March	5d April			and Paperwork
				5c March	5d April			Reduction Act
Street address (including apt. no.)				$	$			Notice, see the
				5e May	5f	June		current General
				5e May	5f	June		Instructions for
				$	$			Instructions for
				$	$			Certain Information
				5g July	5h August			Certain Information
				5g July	5h August			Returns.
City or town, state or province, country, and ZIP or foreign postal code				$	$
				5i September	5j	October
				$	$
PSE’S name and telephone number				$	$
				5k November	5l	December
				$	$
Account number (see instructions)			2nd TIN not.	6 State	7	State identification no.		8 State income tax withheld
								$
								$
Form 1099-K (Rev. 1-2022)		www.irs.gov/Form1099K			Department of the Treasury - Internal Revenue Service

Instructions for FILER Who Is a Payment Settlement Entity or Electronic Payment Facilitator/Other Third Party

To complete Form 1099-K, use:

•The current General Instructions for Certain Information Returns, and

•The current Instructions for Form 1099-K.

To get and to order these instructions, go to www.irs.gov/EmployerForms.

Caution: Because paper forms are scanned during processing, you cannot file certain Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website.

Filing and furnishing. For filing and furnishing instructions, including due dates, and to request filing or furnishing extensions, see the current General Instructions for Certain Information Returns.

Need help? If you have questions about reporting on Form 1099-K, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).

How to Edit Form 1099 K Online for Free

The 1099 k completing course of action is hassle-free. Our software enables you to work with any PDF form.

Step 1: Find the button "Get Form Here" on the site and select it.

Step 2: Right now, you can begin editing your 1099 k. The multifunctional toolbar is readily available - insert, eliminate, transform, highlight, and perform other commands with the content in the document.

For each part, create the content requested by the program.

Type in the expected details in the VOID, CORRECTED, FILERS name street address city or, FILERS TIN, OMB No, Check to indicate if FILER is a an, Payment settlement entity PSE, PAYEES name, Check to indicate transactions, Payment card, Third party network, Street address including apt no, City or town state or province, PSES name and telephone number, and Account number see instructions segment.

Write down all information you are required inside the box State income tax withheld, Form K Rev Department of the, wwwirsgovFormK, and Cat No B.

1099 k form State income tax withheld, Form K Rev Department of the, wwwirsgovFormK, and Cat No B fields to complete

The FILERS name street address city or, FILERS TIN, OMB No, VOID, CORRECTED, Check to indicate if FILER is a an, Payment settlement entity PSE, PAYEES name, Check to indicate transactions, Payment card, Third party network, Street address including apt no, City or town state or province, PSES name and telephone number, and PAYEES TIN box will be the place to indicate the rights and obligations of all sides.

step 4 to entering details in 1099 k form

End by analyzing the following fields and completing them as required: Account number see instructions, a January c March e May g July, b February d April f June h, State income tax withheld, Form K Rev, wwwirsgovFormK, and Department of the Treasury.

Step 3: Choose "Done". Now you may export your PDF file.

Step 4: Get around several copies of the file to stay away from all of the potential future troubles.

Form 1099 K – Fill Out and Use This PDF

Form 1099 K PDF Details

Form Preview Example

How to Edit Form 1099 K Online for Free

Watch Form 1099 K Video Instruction

Form 1099 K isn’t the one you’re looking for?

Please rate Form 1099 K

Form 1099 K – Fill Out and Use This PDF

Form 1099 K PDF Details

Form Preview Example

How to Edit Form 1099 K Online for Free

Watch Form 1099 K Video Instruction

Form 1099 K isn’t the one you’re looking for?

Related Documents

Please rate Form 1099 K

Related Resources