E-File Form 1099-K Online

Name: TaxBandits
Brand: TaxBandits
Rating: 4.8 (98634 reviews)

Prepare and file 1099-K securely with TaxBandits to report payments made through card companies, payment apps, and online marketplaces.

How to File Form 1099-K

A Complete Solution for Filing Form 1099-K

Multiple Data Import Options
Supports Federal, State Filing, and Corrections
Deliver Recipient Copies by Mail or Online
AI-powered Assistance & World-Class Support

Powerful PRO Features for Tax Professionals

Comprehensive Client Management
Streamlined Team Management
Insightful Reports

See how TaxBandits beats the competition—A comparison with other providers. Learn more

Simpler 1099-K Filing Starts Here!

Check out the robust features that make TaxBandits your perfect solution for filing 1099-K online.

Manual Information Entry

You can fill out the form manually by entering the details in each field with our step-by-step instructions.

See how it works

Standard CSV Template

Download our template in CSV format, add the 1099-K information, and upload it back to TaxBandits.

Download Template

Payer & Recipient Uploads

Conveniently import payer and recipient information in bulk using our CSV templates.

Download Template

Own File Upload

You can upload your existing CSV file with 1099-K data to complete your filing.

IRIS Business Validation

We ensure your 1099-K forms adhere to IRIS standards by validating the information with IRIS Business Rules.

USPS Validation

We validate your recipient addresses with the USPS database, ensuring the accurate delivery of your 1099-K recipient copies.

Postal Mailing

TaxBandits handles mailing Form 1099-K copies to your recipients, and you can track their status from shipment to delivery.

Online Access

Grant your recipients lifetime access to the online portal, where they can view and download their 1099-K forms.

Postal + Online Access

A complete solution for recipient copy distribution, offering both postal mailing and online access.

Self-Service Print and Mail

If you prefer to print and mail 1099-K form copies yourself, you can download, print, and send them manually.

Smart Mail

A copy of the 1099-K form will be automatically sent by postal mail if the recipient hasn’t accessed the secure portal after one week.

Custom Distribution

Easily customize which recipients receive postal mail or online access based on their needs.

Federal & State Filing

TaxBandits offers e-filing for 1099-K returns, allowing you to securely file both federal and state agencies accordingly.

Free Reconciliation forms

TaxBandits includes the required reconciliation forms for certain states for FREE when filing with the state agencies.

Step-by-Step Guidance

TaxBandits provides clear instructions and real-time customer support for smooth 1099-K filing!

1099 Corrections

TaxBandits enables you to e-file 1099 corrections with the IRS. For state corrections, simply download the PDF and submit it directly to the state agency.

Automatic 1096 Generation

When filing your 1099 with TaxBandits, your Form 1096 is generated automatically for easy record-keeping and download.

Free Retransmission

If the IRS or state rejects your return, TaxBandits lets you correct and retransmit it for free, keeping the process simple and cost-effective.

BanditCash

Our most flexible payment option! Add funds to your account wallet and enable Auto-Reload to ensure your balance never falls below your set limit.

BanditAI

Get instant answers with our smart AI assistant! BanditAI offers real-time guidance and solutions to your filing questions, making the process seamless.

Schedule Filing

Schedule your 1099-K filings in advance to meet the deadline, and make changes as needed before the scheduled date to ensure everything is ready.

Record Keeping

Your form copies are securely stored for up to 7 years on our servers, and you can easily access, download, or print them anytime through your TaxBandits account.

Address Book

Simplify your 1099-K filings by importing payers and recipients into your Address Book, either manually or in bulk, for easy future filings.

Knowledge base

Find answers, tips, and detailed guides in our easy-to-navigate help center—the support you need, whenever you need it!

How to E-file 1099-K

Exclusive Pro Features Designed for Tax Professionals

Enhance your tax filing process and optimize workflows with powerful, tailored tools designed for tax professionals.

BanditCollab (Team Management)

Securely invite team members to manage filings for your clients with their own credentials. Assign the roles of preparer, approver, or transmitter to delegate tasks and streamline workflows.

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BanditConnect (Client Management)

Stay connected with clients through a secure, customized portal. Exchange data, share documents, and maintain seamless communication to track your clients’ filings.

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Extensive Reports

Access detailed reports to gain insights into team performance and client filings. Leverage in-depth analytics to make informed decisions and enhance productivity.

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Simplify your firm’s 1099-K filing process with our PRO features!

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Contact our team at (704) 684-4758 to explore custom pricing options for high-volume filing!

Information Required to E-file Form 1099-K

Our exclusive partnership with Sage Intacct powers seamless 1099-K e-filing

Information Required to E-file Form 1099-K

Filer’s Info

Name, EIN, address, telephone number, and filer type (Payment Settlement Entity (PSE), Electronic Payment Facilitator (EPF), or other third party.

Payee’s Info

Name, TIN, address and account number

Payment Info

This includes,

Transaction type (Payment card or third-party network)
Gross amount of transactions
Card-not-present (CNP) transaction that involves online, phone, or catalog sales
Merchant category code
Number of payment transactions
Total reportable payment transactions for each month

Federal Income Tax Withheld (if any)

State Tax Information

State abbreviation, payer's ID number, and state income tax withheld. Learn More

Follow our instructions to learn how to fill out Form 1099-K. Start e-filing with TaxBandits today.

How to E-file Form 1099-K Online with TaxBandits

TaxBandits offers flexible options for completing 1099-K filings. Choose your preferred data import methods to get started!

Step 1: Enter Form Data
Fill out your 1099-K form by entering the required information in the respective fields.
Step 2: Complete State Information
Provide state-specific information on Form 1099-K. Complete the Reconciliation Form if required.
Step 3: Opt-in to Recipient Copy Distribution
Allow TaxBandits to distribute your recipient copies through Postal Mail, Online Access, or both.
Step 4: Review and Transmit
Review the form summary and transmit the forms to the IRS and state agencies.

We'll email you updates about the status of your forms. You can also track the status directly from your dashboard.

Step 1: Choose the Bulk Import Method
Use our standard CSV template or upload your file option to import data in bulk.
Step 2: Review Import Summary
Our system generates your 1099-K forms based on the data imported. You can then review and make any necessary updates.
Step 3: Add State Filing and Copy Distribution
Complete state-specific details on Forms 1099-K and the Reconciliation form, if required. Then choose distribution options: Postal Mail, Online Access, or both.
Step 4: Review and Transmit
Review the form summary and transmit the forms to the IRS and state agencies.

We'll email you updates about the status of your forms. You can also track the status directly from your Dashboard.

Step 1: Choose Accounting Software
Choose the accounting software you use (Xero, QuickBooks, Zoho Books, or FreshBooks) and import your 1099-NEC into TaxBandits.
Step 2: Review Import Summary
Our system will generate your 1099-NEC based on the imported data. You can review the data and make changes as needed.
Step 3: Opt for State Filing and Distribution
Complete state-specific information on Form 1099-NEC and the Reconciliation form if needed. Then, choose form distribution options — Postal Mail, Online Access, or both (BanditComplete).
Step 4: Review and Transmit
Review the form summary and transmit it to the IRS and state agencies.

We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.

Step 1: Turn ON Sage Cloud Services
Enable ‘Sage Cloud Service’ on the Subscription page and select ‘E-file’ under Accounts Payable.
Step 2: Enable 1099 E-filing
Go to Configure Accounts Payable, check ‘Enable 1099 e-filing powered by TaxBandits’, and create a batch by selecting the tax year, vendor, and form type. Click ‘E-file’.
Step 3: Authorize and Import Data
Log in or create a TaxBandits account, authorize access to your Sage 1099 data, and view imported records.
Step 4: E-file and Distribute
Review and e-file your 1099 forms with the IRS & State in TaxBandits. Then, choose form distribution options — Postal Mail, Online Access, or both (BanditComplete).

Ready to E-file Form 1099-K with the IRS and States?

How to E-file 1099-K

Our Customer Reviews

4.8 rating of 12,784 reviews

- Luis Collazo

Excellent Step by Step process and easy to go back and make edits....

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Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy.

- Allen Cohen

Easy and reasonably priced. Great customer service!

- Igor Mandryka

I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you.

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Frequently Asked Questions to File 1099-K Online

What is IRS Form 1099-K?

IRS Form 1099-K is an IRS form used to report the settlement of reportable payment transactions made through payment cards or third-party networks for each calendar year.

Who Must File 1099-K?

Form 1099-K is filed by payment card companies, payment apps, and online marketplaces for individuals or entities that receive more than $5,000 for goods or services during the corresponding tax year.

Some of the common types of entities that are required to file 1099-K include,

Online payment apps such as PayPal, Venmo, and Cash app.
Auction sites
Ticket selling platform
Car rental platform
Craft or maker marketplace
Real estate marketplace
Crowdfunding platform
Freelancer marketplace.

What is the new threshold of Form 1099-K?

The new threshold for Form 1099-K is $5,000 regardless of the number of transactions for the 2024 tax year, as the IRS has postponed the anticipated change of the $600 threshold to 2026 and after. The 1099-K threshold for 2025 is $2,500.To learn more about the 1099-K threshold for the 2024 tax year, click here.

When is the deadline to file Form 1099-K?

The filer must furnish recipient copies of Form 1099-K by January 31, 2025.
The due date to file 1099-K with the IRS on paper is
February 28, 2025.
The due date to file 1099-K electronically is
March 31, 2025..

Note: If the deadline falls on a weekend or federal holiday, the deadline moves to the next business day.

What are the Boxes in
Form 1099-K?

Form 1099-K comprised of 8 Boxes. You have to enter the required information in
each box.

Filer’s Information

1. Name, Address, City or Town, State, Postal Code, and Phone Number

2. TIN (EIN/SSN)

3. Filer Type (PSE or EPF)

4. Transaction type (Payment Card or Third-party network)

Payee Information

1. Name

2. TIN

3. Address

Payment information

Box 1a: Gross Payment Card/Third-Party Network Transactions
Box 1b: Card Not Present Transaction
Box 2: Merchant Category Code (MCC)
Box 3: Number of Payment Transactions
Box 4: Federal Income Tax Withheld
Box 5a to 5I: Total reportable payment transactions for each month
Box 6 to 8: State Information

Want to know how to complete Form 1099-K? Follow these step-by-step Form 1099-K Instructions to guide you through the process.

What is the difference between Form 1099 K, NEC and MISC?

Form 1099-K reports payments made through payment cards and third-party networks, while Form 1099-MISC is typically used for miscellaneous payments made through cash or check. Form 1099-NEC, on the other hand, is specifically used to report non-employee compensation made through cash or check. To learn more in detail about Form 1099-K vs NEC vs MISC, Click here.

More FAQ on Form 1099