Frequently asked questions about 1099-K notices from third party sellers

Here is a list of common 1099-K questions.

Q: Why did I receive Form 1099-K?

Q: Is this a new tax?

Q: What is the difference between 1099-K and 1099-MISC?

Q: Since I received a 1099-K notice, does that mean I owe tax? What do I need to do?


Helpful Resources
Guide to Submitting W-2s, 1099s, and WHT-434
New Law Lowers Reporting Threshold For 1099-K Information Reporting


If you still have questions after reviewing this list, please contact us directly.

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