Who is a payee in the form 1099 K?
164 views |
Last modified 7/16/2020 5:36:24 AM EST
In Form 1099 K, the payee refers to the individual who accepts the payment from the Payment Settlement Entity (PSE) on behalf of the purchaser or customer. The payee can be any person from governmental units or any agent receiving the payments through payment cards, such as credit cards, debit cards. It also includes any person accepting payments from Third Party Settlement Organization (TPSO).