The Internal Revenue Service (IRS) will conduct a webinar, Understanding Your Form 1099-K on Sept. 6, 2023, at 11:00 a.m. ET.
If your organization accepts payment cards or accept payments from third-party payment apps and online marketplaces in your small business, you should attend this event.
During the call, the IRS will discuss: Who will receive Form 1099-K; How to report Form 1099-K income; What to do when friends and family send money via payment apps; How to report sale of personal items; What to do with my incorrect Form 1099-K; and more.
Please select this link to download the IRS' flyer that the agency shared with OSAP.