IRS Deadline: February 1, 2027 Watch our video

IRS Form

1099-K

Merchant Card and Third Party Network Payments

E-File Now All Forms
Filing Deadline
February 01, 2027
Reporting Threshold
$20,000+ & 200+ transactions
Who Files
Payment apps & online marketplaces

How to File Form 1099-K: Step by Step

File your 1099-K forms with the IRS in about 10 minutes on Tax Form Hero. Built for payment settlement entities, marketplaces, and platforms filing at volume.

  • 1
    Create your free account

    Sign up at Tax Form Hero — there is no signup fee and no subscription. You only pay when you transmit a form. High-volume filers can contact us for dedicated support.

  • 2
    Add your filer details

    Enter the payment settlement entity (PSE) name, EIN, address, and phone number, and indicate whether you are filing as a payment card entity or a third party network. Saved filers are reusable across tax years.

  • 3
    Add your payees

    Add payees individually or bulk import your whole settlement file using our Excel/CSV template. You need each payee's legal name, TIN, address, and — where applicable — their merchant category code (MCC).

    Tip: at 1099-K volumes, TIN Matching ($0.49/check) pays for itself. Validate name/TIN pairs in bulk before you transmit rather than absorbing B-notices later.
  • 4
    Enter the payment totals

    Report gross payment card and third party network transactions in Box 1a, card not present transactions in Box 1b, the merchant category code in Box 2, the number of payment transactions in Box 3, federal income tax withheld in Box 4, and the month-by-month gross amounts in Boxes 5a–5l.

    State information goes in Boxes 6–8. Report gross amounts — do not net out fees, refunds, chargebacks, or adjustments.

  • 5
    Review, validate, and choose add-ons

    Built-in validation checks that your monthly Box 5 amounts reconcile to the Box 1a annual total and flags missing TINs before submission. Preview the payee copy, then add State Filing, Print & Mail, or E-Delivery.

  • 6
    Transmit to the IRS and track status

    We transmit directly to the IRS as an authorized e-file transmitter (TCC #AN00134). Acceptance status updates within 24 hours, and Form 1096 is handled for you. Filing data and PDF copies stay available for 4 years.

    Deadlines: payee copies are due February 1, 2027 and the IRS e-file deadline is March 31, 2027. Filers of 10 or more information returns in aggregate must file electronically.
Start Filing 1099-K

What is Form 1099-K?

Form 1099-K is an informational return that records transactions from credit or debit cards and third-party payment networks.

It's issued by payment card companies, payment apps, and online marketplaces to report payments you received for goods or services during the year.

You'll receive a copy of Form 1099-K if you meet certain criteria, regardless of the number of payments or their amounts.

Who needs to file Form 1099-K?

Payment app or online marketplace providers are required to send Form 1099-K if:

  • The payments made for goods or services total over $20,000 from over 200 transactions.
  • This threshold was restored by the One Big Beautiful Bill Act (P.L. 119-21), reversing the lower $600 threshold that had been legislated but never took full effect.
  • This applies to various platforms like payment apps, online community marketplaces, craft or maker marketplaces, and more.
  • Personal payments from family and friends should not be reported on Form 1099-K because they are not payments for goods or services.

1099-K Pricing

$1.99 per 1099-K form No signup fee · No subscription · Volume pricing down to $0.45

Volume pricing per form

1 – 150
$1.99per form
151 – 500
$0.99per form
501 – 1000
$0.60per form
1000+
$0.45per form

Optional add-ons

State Filing $0.99 / form

Direct filing for 35+ states. CFSF states are always free.

Print & Mail $1.69 / form

USPS first-class recipient copies from a SOC 2 facility.

E-Delivery $0.19 / form

Encrypted PDF copies emailed to your recipients.

TIN Matching $0.49 / check

Validate name/TIN pairs before filing to avoid penalties.

Included at no extra cost

  • IRS e-filing as an authorized transmitter, plus Form 1096 handling
  • Free recipient PDF copies to download and share
  • Bulk Excel/CSV import and built-in error validation
  • CFSF state filing for participating states
  • Secure storage of your filing data for 4 years

1099, 1098, W-2G, and 5498 forms share this tier table. Volume tiers are calculated across all forms you file in a tax year.

Estimate Your Filing Cost

Frequently Asked Questions: Filing 1099-K Online

Common questions about e-filing Form 1099-K with Tax Form Hero. Still stuck? Contact our support team or browse the full FAQ page.

Payment settlement entities — payment card companies, payment apps, online marketplaces, and other third party settlement organizations — that settled reportable payment transactions for a payee. Individual sellers do not file the 1099-K; they receive it.

More than $20,000 in gross payments for goods or services and more than 200 transactions. This threshold was restored by the One Big Beautiful Bill Act (P.L. 119-21), reversing the lower $600 threshold that had been legislated but never took full effect.

Payee copies are due February 1, 2027, and the IRS e-file deadline is March 31, 2027.

No. Only payments for goods or services are reportable on Form 1099-K. Reimbursements, gifts, and personal transfers between friends and family should not be included.

Gross. Box 1a reports the gross amount of all reportable payment transactions without deducting processing fees, refunds, chargebacks, credits, or any other adjustments. Those adjustments are reconciled by the payee on their own tax return.

The gross payment amount settled in each calendar month, January through December. The sum of Boxes 5a–5l must equal the annual total in Box 1a — our validation checks this for you before submission.

$1.99 per form for your first 150 forms, dropping to $0.99 (151–500), $0.60 (501–1,000), and $0.45 (1,000+). No signup fee and no subscription. Optional add-ons: State Filing ($0.99), Print & Mail ($1.69), E-Delivery ($0.19), and TIN Matching ($0.49).

Yes. Tax Form Hero is built for high-volume filers. Import your settlement file with our Excel/CSV template, and volume pricing drops to $0.45 per form above 1,000. For very large filings, contact us for dedicated onboarding.

Several states have their own 1099-K thresholds that are lower than the federal one. We support direct filing for 35+ states at $0.99 per form, and CFSF states are included at no extra cost. See our State Filing page.

File a corrected 1099-K from the dashboard at the standard per-form rate once the IRS has accepted the original. Common causes are duplicate accounts, transactions settled for a different entity, and personal payments mistakenly flagged as goods and services.

$60 per form if filed within 30 days late, $130 per form if filed after that but by August 1, and $340 per form if filed after August 1 or not at all. Intentional disregard raises the penalty to at least $680 per form with no maximum. At 1099-K volumes these add up quickly.

Still have a question about your 1099-K?

Our support team files these every day and can walk you through it.

Contact Support

Deadline for Filing Form 1099-K (Tax Year 2026)

February 01, 2027

File This Form

E-File 1099-K Now View All Forms

1099-K Pricing

$1.99 per form

Volume pricing as low as $0.45 per form. No signup fee, no subscription.

  • 1 – 150 forms $1.99
  • 151 – 500 forms $0.99
  • 501 – 1000 forms $0.60
  • 1000+ forms $0.45
  • State filing $0.99
  • Print & mail $1.69
  • E-delivery $0.19
  • TIN matching $0.49
E-File 1099-K Now

Related Forms

Need Help?

Our support team can walk you through filing 1099-K.

Contact Support