IRS Releases 2019 Draft Form 1099-K

September 4, 2018 Paul Ogawa

The IRS has published a 2019 draft version of Form 1099-K, Payment Card and Third Party Network Transactions. This form is used to report payment card transactions or payments received through third party network organizations.

The only change to the draft version of this form is to the electronic filing due date, which was adjusted to account for weekends and/or holidays. This form is due on March 31, 2020 when filing electronically.

To review this form in its entirety, please visit the IRS website by clicking here.

About the Author

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.

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