Who is a payee in Form 1099-K?
37 views |
Last modified 7/22/2024 2:15:56 AM EST
Applicable To
94X
1099
W-2
ACA
W-4
In Form 1099 K, the payee refers to the individual who accepts the payment from the Payment Settlement Entity (PSE) or an Electronic payment facilitator 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 or debit cards. It also includes any person accepting payments from Third Party Settlement Organization (TPSO).
Need more help?
Get in touch with our dedicated support team Contact Us