IRS Form 1099-K: When You Might Get One From PayPal, Venmo, Cash App

A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App doesn't apply for 2023.

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(Image credit: Getty Images)

IRS 1099-K reporting requirements have caused a lot of confusion. That’s mainly because of changes to a federal tax reporting rule that requires third-party payment networks, including apps and online marketplaces, to send a form 1099-K to millions of online sellers. 

A 1099-K is an IRS reporting form that shows how much money you've received during the year through third-party payment processors like Venmo, PayPal, etc. But the forms also come from other online platforms that process payment transactions, such as eBay, StubHub, Etsy, and more.

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Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.