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Form 1099-K reporting requirements
January 26, 2023
Q. Is 1099-K reporting required for payees with a tax reportable class only? Or do payments to corporations, for example, also need to be reported?
A.
(Answered by IOFM's third-party tax experts)
Corporations, tax-exempt organizations and governments and government entities all are reportable payees for Form 1099-K reporting.
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