Glossary

Form 1099-K – Payment Card and Third Party Network Transactions (also noted under gig workers)

What is Form 1099-K, and How Does it Affect Your Taxes?

Form 1099-K, “Payment Card and Third-Party Network Transactions,” is an IRS information return that reports the gross amount of payments you received from payment card transactions or through a third-party payment network. Payment processors like PayPal, Venmo, or Stripe are required to send you this form and the IRS if you meet certain transaction volume and payment thresholds.

  1. Glossary Article

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