Form 1099-K Issued in Error?

Control Taxes News

Think a Form 1099-K has been issued in error? Contact the filer whose name and contact information appears in the upper-left corner on the front of the form, or the payment settlement entity shown in the lower-left side of the form.

Visit for additional answers to frequently asked questions about the Form 1099-K.

As a reminder, the IRS announced a delay in reporting thresholds for third-party settlement organizations. As a result, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.