Form 1099-K reports payment card transactions and third-party network payments exceeding IRS thresholds. The recipient deadline for tax year 2025 is February 2, 2026.

Form 1099-K Recipient Deadline: February 2, 2026. Call +1-866-513-4656.

Form 1099-K is issued by payment settlement entities, such as credit card companies and third-party networks (PayPal, Venmo, Stripe), to report payments received for goods or services. Accurate reporting is essential to comply with IRS rules and avoid penalties.

What Is Form 1099-K?

Form 1099-K reports:

1. Credit and debit card payments

2. Payments from third-party networks when total exceeds $600 per year for 2025

For official guidance, see IRS Form 1099-K Instructions.

Who Issues and Who Reports Form 1099-K?

1. Payment processors or third-party networks issue the form

2. Taxpayers report the total income on their tax return

You do not file Form 1099-K yourself, but the IRS compares your reported income with the form. For guidance on reporting business income, see IRS Publication 334 – Tax Guide for Small Business.

1099-K Recipient Deadline for 2026

For tax year 2025:

1. Recipient copy deadline: February 2, 2026

If the standard January 31 deadline falls on a weekend, the IRS allows the next business day.

Is All Form 1099-K Income Taxable?

Yes. All transactions reported on Form 1099-K are generally considered taxable income, even if some funds are used for business expenses. Keep accurate records to separate gross receipts from expenses for proper reporting.

FAQs: Form 1099-K

1. Do I have to file Form 1099-K?
No, the payment processor files it. You report the income on your tax return.

2. What is the reporting threshold for Form 1099-K?
$600 in total payments from third-party networks or payment cards in 2025.

3. What if the form is incorrect?
Verify all transactions and contact the processor to request a corrected form.

4. Are personal transfers included?
No. Only payments for goods or services are reportable; personal transfers are excluded.

Get Help With Form 1099-K

Accurate reporting of electronic payments is critical to avoid IRS notices. Professional guidance ensures compliance and proper reporting.

Call +1-866-513-4656 for expert help with Form 1099-K, third-party network income, and IRS compliance.

Final Note

If you receive Form 1099-K, review it carefully. The recipient deadline is February 2, 2026, and accurate reporting helps you stay IRS-compliant.

Call +1-866-513-4656 today for trusted tax support.