1099 Forms Guide & Resources
Everything you need to know about filing 1099s, W-2s, and other tax forms for your business
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Overview
File Form 1099-K Online – Payment Card & Third-Party Network Transactions
Form 1099-K is used to report payment card transactions and third-party network payments that exceed IRS thresholds.
Our platform makes it simple to file accurate, IRS-compliant 1099-K forms.
What is Form 1099-K?
Form 1099-K reports gross payments from credit cards and online payment networks like PayPal, Square, or Venmo.
Who Must File a 1099-K Form?
Payment settlement entities (PSEs) must file if:
- Total payments exceed $20,000 and 200+ transactions (legacy threshold), or
- Thresholds set by new IRS guidelines are met (changes may apply per year).
Information Needed to Complete a 1099-K
- PSE details: name, TIN, address
- Payee details: name, SSN/EIN, address
- Gross transaction amounts
- Number of payment transactions
How to eFile Form 1099-K Online Easily
- Gather payment settlement data
- Validate payee information
- Submit directly to IRS
- Deliver payee copies electronically or by mail
Common Filing Errors to Avoid
- Reporting incorrect transaction counts
- Using wrong payee TINs
- Missing new IRS thresholds
IRS 1099-K Deadlines & Filing Penalties
- Recipient copies: January 31
- IRS paper filing: February 28
- IRS eFile: March 31
Penalties for late or incorrect filings: $50–$290 per form.
Why eFile Your 1099-K Form With Us?
- IRS-approved secure eFiling
- Bulk transaction support
- Error prevention tools
Frequently Asked Questions
What is Form 1099-K used for?
To report gross payments processed by payment cards and online networks.
Do all businesses receive 1099-Ks?
No, only those meeting IRS thresholds.
Can I file multiple 1099-K forms at once?
Yes, bulk upload is supported.
What happens if I file late?
You may face IRS penalties per form.
Do gig workers need to file 1099-K themselves?
No, the payment processor issues it.
Start Filing Your 1099-K Forms Online Today
Ensure compliance with payment reporting requirements. Start filing 1099-K forms today.