File IRS Form 1099-K Online
Looking for an efficient way to eFile 1099-K? IRS-approved 1099ly allows you to eFile your 1099-K with security and ease, all online. Form 1099-K is used to report payment card transactions and third-party network transactions.
Why eFile 1099-K with 1099ly?
- Easy and Secure eFiling
- Quick and Accurate Reporting
- State Filing Compliance
- Supports Bulk eFiling
- USPS Address Validation
- Notice Management
What is Form 1099-K?
During the tax year, payments and transactions made through third-party networks, payment platforms, and payment card processors are reported on IRS Form 1099-K. For each calendar year, a payment settlement entity (PSE) is required to file Form 1099-K to report the gross amount of reportable transactions defined if a payee and a card is not settled or paid to both the payee and the IRS.
Note: Even if a payee does not receive Form 1099-K because the TPSO threshold was not met, taxable income from goods or services provided must still be reported on the payee's tax return.
Who needs to file Form 1099-K?
Payment card companies, payment apps, and online marketplaces are required to fill out Form 1099-K and send it to the IRS each year. They must also send a copy to the recipient by January 31.
What are the Boxes in Form 1099-K with Instructions for 2026 Tax Year?
Box 1a - Gross Amount of Payment Card/Third-party Network Transactions
Use this box to report the gross amount of payment card/third-party network payments made during the calendar year.
Box 1b - Card Not Present Transactions
Use this box to report all transactions in which a payment card was not used or if the card number was added by default to the terminal.
Box 2 - Merchant Category Code
Use this box to report the merchant category code, which is typically used for payment/third-party network transactions.
Box 3 - Number of Payment Transactions
Use this box to report the number of transactions processed in a calendar year.
Box 4 - Federal Income Tax Withheld
Use this box to report the total federal tax withheld. Valid TIN legal name information is critical for this box.
Boxes 5a-5l - Gross Amount of Payment Card/Third-party Network Transactions Made
Use this box to report the gross amount of payment card/third-party network payments you've processed in this calendar year.
Boxes 6-8 - State Income Tax Withheld
Use this box to report the state and local income tax withheld.
1099-K Deadline and Important Dates
Here are the 1099-K deadlines for the 2026 Tax Year:
| Filing Type | Due Date |
|---|---|
| IRS Paper Filing | Monday - March 1, 2027 |
With 1099ly, you can schedule the date that your forms are transmitted to the IRS. Scheduling your forms gives you time between when we email/USPS your forms to vendors and when we send the forms to the IRS. This is useful because your vendors may have edits to make. You can make those changes in 1099ly before the scheduled date at no extra charge. We automatically schedule your IRS eFile transmission at a week away from when you submit, or by the deadline. You can edit this date to match your preference.
How To File 1099-K Online for 2027
You can easily file your 1099-K forms online with 1099ly's simplified 3-step eFile process.
Step 1: Import Your Payee Data
Import your prior transaction data within seconds using the available integrations. This will enable you to gather all the necessary data to prepare your filing accurately. At this point, you don't have to worry about the 1099-K eFile mandate to skip manual data entry.
Step 2: Verify TIN + Validate Form Data
Before you eFile your Form 1099-K, review the form data thoroughly. Check your transaction details and compare it with the information reported on Form 1099-K. Tell then have the form to review and ensure accurate details, including TINs and legal names of payees.
Step 3: eFile with 1099ly
Once you're through with the review process and validated your reports, hit the eFile submission button to transmit your returns directly to the IRS with accuracy.
eFile 1099-K with 1099ly
Benefits of eFiling 1099-K for 2026 Tax Year with 1099ly
- Prepare and eFile your 1099-K returns conveniently with 1099ly, a digital tax compliance platform approved by the IRS.
- With advanced bulk eFiling solutions, preparing and managing your 1099-K filings would be a breeze. Further, our TIN eFile solutions enable you to prepare, file, and manage your 1099-K returns effortlessly.
- Our TIN Matching system helps you verify payer TINs in bulk, reducing IRS TIN discrepancies and the penalties that follow. It also lowers the risk of reporting inaccurate investor data.
- Verify your payee TINs, generate your 1099-K forms quickly, and eFile in bulk with 1099ly — a platform built for accurate, compliant filing at any volume.
Schedule a demo today to explore what 1099ly can do for your business. Customize 1099ly to meet your specific sensitive data needs. Prepare your 1099-K reports accurately and eFile with confidence.
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The CF/SF Combined Federal State Filing Program allows parts of your federal filing to be transmitted to the state at no extra charge. Non-participating states must receive a direct filing. Learn more about state filing here.
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The Combined Federal/State Filing Program (CF/SF) allows certain federal information returns to be forwarded to participating states at no extra charge. If your participating state requires 1099-K filing, but directly with that state. State 1099-K thresholds may differ from the federal $2,000 threshold of over $20,000 and over 200 transactions, so confirm applicable state requirements before filing. Learn more about state filing here.