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That's the current threshold for some other kinds of 1099 forms, e.g. 1099-MISC for freelance income.
by _delirium 5y ago
That's the current threshold for some other kinds of 1099 forms, e.g. 1099-MISC for freelance income.
- IG_Semmelweiss 5y agoCorrect. But 1099 mis income requirements are largely not enforced because it would be expensive and unpopular if they focused on the lemonade stand of Ms Jane. So, there is a ton of noncompliance. The IRS is going upstream on those transactions, by enforcing compliance at the pay processor level. At that point,there is no mistake. You got a 1099k, and you chose to ignore it. The onus is no longer on the customer to send you a 1099. Its on the money processing service.
- deleted 5y ago[deleted]