IRS provides revised FAQs on Form 1099-K

Form 1099-K (Payment Card and Third Party Network Transactions)

Form 1099-K (Payment Card and Third Party Network Transactions)

The IRS today revised “frequently asked questions” (FAQs) [PDF 420 KB] on Form 1099-K (Payment Card and Third Party Network Transactions).

According to the accompanying IRS release—IR-2023-53 (March 22, 2023)—the updates are:

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

 

 

 

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