A 1099-K is a transaction record from third-party payment networks such as PayPal or Venmo and credit card providers. They fill out the 1099-K and send copies to the IRS, state and person receiving the payments. The objective is to ensure people report their business income on their tax returns. An entities are required to file and send a 1099-K if it transfers at least $600 to you during the year. The $600 threshold is an aggregate, meaning that even if different people send you small amount…
Call Us
Sales: (800) 426-0854
Customer Support: (701) 746-6814
F. (701) 746-4393
Hours
M-F 8AM-5PM CDT