1099 form?

[STBarett]

I'm not sure if this is the right place for this question, but here goes:what is 1099 k form?

 

[Thomas Beyer]

its for being in compliance with the IRS if you receive credit card payments https://www.irs.gov/businesses/understanding-your-1099-k


You should receive Form 1099-K by January 31st if, in the prior calendar year, you received payments:

• from payment card transactions (e.g., debit, credit or stored-value cards), and/or
• in settlement of third-party payment network transactions above the minimum reporting thresholds of –
  • gross payments that exceed $20,000, AND
  • more than 200 such transactions