1099-K

GPTKB entity

Statements (26)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:country gptkb:United_States
gptkbp:filingDate gptkb:IRS
gptkbp:introducedIn 2008
gptkbp:issuedBy gptkb:Internal_Revenue_Service
gptkbp:providesFor payee
gptkbp:publicLawNumber gptkb:1099-K
gptkbp:relatedTo gptkb:Form_1099_series
self-employment income
taxable income
gptkbp:reportsTo gross amount of reportable payment transactions
gptkbp:requires merchants receiving payments via credit cards
payment settlement entities
third party payment networks
merchants receiving payments via third party networks
gptkbp:thresholdForReporting $600 (from 2023, previously $20,000 and 200 transactions)
gptkbp:usedBy individuals
businesses
freelancers
gig economy workers
online sellers
gptkbp:usedFor reporting payment card and third party network transactions
gptkbp:bfsParent gptkb:Form_1099-K
gptkb:IRS_Form_1099-K
gptkbp:bfsLayer 6
https://www.w3.org/2000/01/rdf-schema#label 1099-K