Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:dueDateToIRS |
February 28 (paper), March 31 (electronic)
|
| gptkbp:dueDateToRecipient |
January 31
|
| gptkbp:format |
information return
|
| https://www.w3.org/2000/01/rdf-schema#label |
Form 1099-K
|
| gptkbp:introducedIn |
2008
|
| gptkbp:issuedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:legalBasis |
gptkb:Internal_Revenue_Code_Section_6050W
|
| gptkbp:notified |
IRS of payment transactions
|
| gptkbp:publicLawNumber |
gptkb:1099-K
|
| gptkbp:recipient |
independent contractors
businesses self-employed individuals |
| gptkbp:relatedTo |
e-commerce
gig economy online marketplaces freelancers |
| gptkbp:reportsTo |
gross payment card receipts
third-party network transactions |
| gptkbp:requires |
merchant acquiring entities
payment settlement entities third-party payment networks |
| gptkbp:threshold |
$600 (from 2023, previously $20,000 and 200 transactions)
|
| gptkbp:usedFor |
reporting payment card and third party network transactions
|
| gptkbp:website |
https://www.irs.gov/forms-pubs/about-form-1099-k
|
| gptkbp:bfsParent |
gptkb:IRS_Form_1099
|
| gptkbp:bfsLayer |
5
|