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 Form 1099-K PDF Instructions for 1099-K (Print version PDF) Recent developments IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation -- 21-NOV-2023 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 All Form 1099-K revisions Understanding your Form 1099-K What to do with Form 1099-K About General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) Gig Economy Tax Center Online ordering for information returns and employer returns Other current products
