IRS Form 1099-K "Payment Card and Third Party Network Transactions"

What Is IRS Form 1099-K?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

Form Details:

  • A 8-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 1099-K through the link below or browse more documents in our library of IRS Forms.

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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.
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.
VOID
CORRECTED
1010
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
PAYEE’S TIN
Third Party
2020
Network
1a Gross amount of payment
Transactions
card/third party network
transactions
$
1099-K
Form
1b Card Not Present
2 Merchant category code
Copy A
transactions
For
$
Check to indicate if FILER is a (an):
Check to indicate transactions
reported are:
Internal Revenue
3 Number of payment
4 Federal income tax
Payment settlement entity (PSE)
Payment card
Service Center
transactions
withheld
Electronic Payment Facilitator
$
(EPF)/Other third party
Third party network
File with Form 1096.
PAYEE’S name
5a January
5b February
$
$
For Privacy Act
5c March
5d April
and Paperwork
$
$
Street address (including apt. no.)
Reduction Act
5e May
5f June
Notice, see the
2020 General
$
$
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
$
$
1099-K
Form
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
PAYEE’S TIN
Third Party
2020
Network
1a Gross amount of payment
Transactions
card/third party network
transactions
$
1099-K
Form
1b Card Not Present
2 Merchant category code
Copy 1
transactions
For State Tax
$
Check to indicate if FILER is a (an):
Check to indicate transactions
reported are:
Department
3 Number of payment
4 Federal income tax
Payment settlement entity (PSE)
Payment card
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
$
$
1099-K
Form
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
PAYEE’S TIN
Third Party
2020
Network
1a Gross amount of payment
Transactions
card/third party network
transactions
$
1099-K
Form
1b Card Not Present
2 Merchant category code
Copy B
transactions
For Payee
$
Check to indicate if FILER is a (an):
Check to indicate transactions
reported are:
3 Number of payment
4 Federal income tax
Payment settlement entity (PSE)
Payment card
withheld
transactions
This is important tax
Electronic Payment Facilitator
information and is
$
(EPF)/Other third party
Third party network
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
sanction may be
$
$
Street address (including apt. no.)
imposed on you if
5e May
5f June
taxable income
results from this
$
$
transaction and the
5g July
5h August
IRS determines that it
has not been
$
$
City or town, state or province, country, and ZIP or foreign postal code
reported.
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
$
$
1099-K
Form
(Keep for your records)
www.irs.gov/Form1099K
Department of the Treasury - Internal Revenue Service
Instructions for Payee
Box 1a. Shows the aggregate gross amount of payment card/third
party network transactions made to you through the PSE during the
You have received this form because you have either (a) accepted
calendar year.
payment cards for payments, or (b) received payments through a third
Box 1b. Shows the aggregate gross amount of all reportable payment
party network that exceeded $20,000 in gross total reportable
transactions made to you through the PSE during the calendar year
transactions and the aggregate number of those transactions
where the card was not present at the time of the transaction or the
exceeded 200 for the calendar year. Merchant acquirers and third
card number was keyed into the terminal. Typically, this relates to
party settlement organizations, as payment settlement entities (PSEs),
online sales, phone sales, or catalogue sales. If the box for third party
must report the proceeds of payment card and third party network
network is checked, or if these are third party network transactions,
transactions made to you on Form 1099-K under Internal Revenue
Card Not Present transactions will not be reported.
Code section 6050W. The PSE may have contracted with an
electronic payment facilitator (EPF) or other third party payer to make
Box 2. Shows the merchant category code used for payment card/
payments to you.
third party network transactions (if available) reported on this form.
If you have questions about the amounts reported on this form,
Box 3. Shows the number of payment transactions (not including
contact the FILER whose information is shown in the upper left corner
refund transactions) processed through the payment card/third party
on the front of this form. If you do not recognize the FILER shown in
network.
the upper left corner of the form, contact the PSE whose name and
Box 4. Shows backup withholding. Generally, a payer must backup
phone number are shown in the lower left corner of the form above
withhold if you did not furnish your TIN or you did not furnish the
your account number.
correct TIN to the payer. See Form W-9, Request for Taxpayer
See the separate instructions for your income tax return for using
Identification Number and Certification, and Pub. 505. Include this
the information reported on this form.
amount on your income tax return as tax withheld.
Payee’s taxpayer identification number (TIN). For your protection,
Boxes 5a–5l. Show the gross amount of payment card/third party
this form may show only the last four digits of your TIN (social security
network transactions made to you for each month of the calendar year.
number (SSN), individual taxpayer identification number (ITIN),
Boxes 6–8. Show state and local income tax withheld from the
adoption taxpayer identification number (ATIN), or employer
payments.
identification number (EIN)). However, the issuer has reported your
Future developments. For the latest information about developments
complete TIN to the IRS.
related to Form 1099-K and its instructions, such as legislation
Account number. May show an account number or other unique
enacted after they were published, go to www.irs.gov/Form1099K.
number the PSE assigned to distinguish your account.
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