7d • General discussion
Expats and Content Creators - 1099K
Q1. What is Form 1099-K and why would I receive one? (updated Oct. 23, 2025)
A1. Form 1099-K is an information return used to report payments you received during the year from: • Credit cards, debit cards or stored-value cards such as gift cards (payment cards) • Payment apps or online marketplaces for goods or services (TPSOs) You should receive a Form 1099-K if you sold a good or provided a service, you were paid through a payment app or online marketplace, and your gross payments and transactions are in excess of the reporting threshold, or you accepted a payment from a payment card for any amount. You may have a tax obligation if you had a gain on the sale of goods or received payment for services you provided.
Form 1099-K is an information return that payment apps and online marketplaces provide when you use them for selling goods or providing a service. You can use the information on the Form 1099-K with your other tax records to determine your correct tax owed. See Understanding Your Form 1099-K for more information.
Third party information reporting for certain payments is required by law and has been shown to increase voluntary tax compliance, improve tax collections and assessments within the IRS, and thereby reduce the tax gap.
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Expats and Content Creators - 1099K
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