e file 1099 K, Payment Card and Third Party Network Transactions

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e file 1099 K, Payment Card and Third Party
Network Transactions

• www.form1099online.com

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What is Form 1099-K
IRS Form 1099-K, Payment Card and Third Party
Network Transactions, is an IRS information
return used to report certain payment
transactions to improve voluntary tax
compliance.
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Who must file 1099 K
File Form 1099-K, Payment Card and Third Party
Network Transactions, 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.
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Box 1a. Gross Payment Card/Third Party Network
Transactions Box 1b. Card Not Present
Transactions Box 2. Merchant Category Code Box 3.
Number of Payment Transactions Box 4. Federal
Income Tax Withheld Boxes 5a Through 5l Boxes 6
Through 8. State Information
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How to E-FILE IRS Form 1099-K
 1. Register or Sign in to your account 2. Select
a new Form 1099-K Form or Click on New filing 3.
Enter Payer, Recipient and Form 1099-K
Information 4. Enter state info as per the state
requirement. 5. Verify the info in the Cart or
unsubmitted forms page 6. Submit the Form 1099-K
with the IRS and complete your requirement
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E-FILING 1099 K ONLINE WITH FORM1099ONLINE IS
QUICKER AND EASY
Form1099online.com is an IRS Approved 1099 E-file
provider. File 1099-K form on paper by March 1,
2021, or March 31, 2021, if filing
electronically. Payers must provide 1099-K form
Copy B to recipients on or before February 1,
2021
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Contact Address Form 1099 Online 1749 North
Roosevelt Ct, Wichita KS, 67208. Call 1 (316)
869-0948 Email support_at_form1099online.com Website
www.form1099online.com