How-To Guides28 min read
1099-K Reporting Threshold After the IRS Delay: Control Updates for Platform Operators
For federal third-party network reporting, a TPSO generally must file Form 1099-K for a payee who exceeds both $20,000 in gross reportable payments and 200 transactions in the calendar year. The 2025 law restored that threshold retroactively. Update the rules built for the earlier phase-in, while keeping payment-card reporting, backup withholding and state rules separate.
1099-k reportingplatform operatorsthird party settlement organizations+2 more
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