BanditAI
The Bandit Commitment
Ensuring peace of mind for every
1099-K you file.
Filing a 1099-K isn’t just about submission! It’s about getting the data right, validating it thoroughly, and owning the right outcome.
The Bandit Commitment defines how TaxBandits approaches compliance: preventing errors before filing, supporting corrections & resubmissions when needed, and standing accountable through acceptance and beyond.
Getting the right data in
Compliance starts with clean, validated data—long before your 1099-K
is transmitted.
Guided, end-to-end compliance
Federal filing, state compliance, and form distribution—handled together with complete guidance.
No-cost corrections & retransmissions
Corrections & retransmissions for your 1099-K are included with your
filing fee.
Money-back guarantee
If a 1099-K cannot be accepted or is a duplicate, the filing fee can be refunded.
Simpler 1099-K Filing Starts Here!
Check out the robust features that make TaxBandits your perfect solution for filing 1099-K online.
Powerful API to Automate Your W-9 Collection & 1099-K E-filing
Our robust API helps you automate 1099-K filing, W-9 collection, TIN matching, and form distribution directly from your existing systems. Seamlessly integrate our API with your software or portal to reduce manual work and ensure accurate, compliant filings.
Exclusive Pro Features Designed for Tax Professionals
Enhance your tax filing process and optimize workflows with powerful, tailored tools designed for tax professionals.
Bulk Filing Made Easy
Easily manage filings for a few or thousands of clients. Import data via our bulk upload templates, accounting software integrations and API integration to file effortlessly.
Client Management
Effortlessly manage all your clients in one place. Keep track of clients and their filings, streamline your workflow with an intuitive, easy-to-use interface.
Secure, Branded Client Portal
Get a client portal that reflects your brand while ensuring top-tier security where your clients can upload documents, view forms, and stay informed about the filing progress.
Team Management
Add unlimited team members to streamline workflow and collaboration. Assign roles like preparer, approver, and transmitter based on filing responsibilities.
Flexible Payment Options
Get the benefit of volume-based pricing discounts based on the number of forms you file. The more forms you file, the more discounts you get. And, choose from BanditCash, prepaid credits, that best fit your needs.
Custom Reports
Access detailed reports to gain insights into team performance and client filings. Leverage in-depth analytics to make informed decisions and enhance productivity.
For high-volume filing, call us at (704) 684-4758 for customized pricing!
Seamless 1099-K Filing at Scale, Built for Enterprises
Manage high-volume 1099-K filing with customizable workflows, approval controls, and enterprise-grade support.
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Seamless data ingestion at scale
Bring in data through integrations, APIs, bulk uploads, or custom templates—designed to fit your existing systems.
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Custom requirements, fully supported
Tailor our system to accommodate complex, enterprise-specific compliance needs and operational requirements (such as SSO setup).
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Personalized branding options
Customize recipient portals and email communications to align seamlessly with your brand identity.
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Streamlined workflow management
Invite teams, assign precise roles, and delegate filing responsibilities with clear ownership and approval controls.
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Enterprise-grade security and support
Benefit from robust security controls, priority assistance, and a dedicated account manager who understands your needs.
Ready to get started with TaxBandits?
Information Required to E-file Form 1099-K
Filer’s Info
Name, EIN, address, telephone number, and filer type (Payment Settlement Entity (PSE), Electronic Payment Facilitator (EPF), or other third party.
Payee’s Info
Name, TIN, address and account number
Payment Info
This includes,
- Transaction type (Payment card or third-party network)
- Gross amount of transactions
- Card-not-present (CNP) transaction that involves online, phone, or catalog sales
- Merchant category code
- Number of payment transactions
- Total reportable payment transactions for each month
Federal Income Tax Withheld (if any)
State Tax Information
State abbreviation, payer's ID number, and state income tax withheld. Learn More
Follow our instructions to learn how to fill out Form 1099-K. Start e-filing with TaxBandits today.
How to E-file Form 1099-K Online with TaxBandits
TaxBandits offers flexible options for completing 1099-K filings. Choose your preferred data import methods to get started!
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Step 1: Seamless Data Import and Validation
Upload your data using our 1099-K CSV template. Our system automatically validates your data before submission, minimizing the risk of IRS rejections.
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Step 2: Instant IRS and State Filing
Submit your 1099-K forms directly to the IRS and corresponding state agencies with just a few clicks. Learn more
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Step 3: Distribution of Recipient Copies
TaxBandits streamlines recipient copy distribution via postal mail, recipient portal access, or both, ensuring secure and timely delivery.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.
Ready to E-file Form 1099-K with the IRS and States?
How to E-file 1099-K
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Get the Industry's Best Pricing for Quick and Accurate 1099-K Filing
Pricing per form based on volume
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Federal and State Filing
Pricing per form based on volume |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
No. of Forms |
1-10 |
11-100 |
101-250 |
251-500 |
501-2000 |
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|
Federal Filing |
$2.75 |
$1.75 |
$1.15 |
$1.00 |
$0.80 |
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State Filing (CF/SF) |
Free |
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Direct State Filing |
$0.95 / form When filed along with federal form |
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| Add-Ons |
|---|
| Data Validations | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
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USPS Address Validation |
FREE |
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TIN Matching |
$0.35 / TIN |
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| Recipient Copy Distribution | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
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Online Access |
$0.50 / recipient |
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Postal Mailing |
$1.85 / form |
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Postal (International) |
$4.99 / form |
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Postal + Online (Combo) |
$2.35 / form $2.12 / form |
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Frequently Asked Questions to File 1099-K Online
What is IRS Form 1099-K?
IRS Form 1099-K is used to report the settlement of reportable payment transactions made through payment cards or third-party networks for each calendar year.
Who Must File 1099-K?
Form 1099-K is filed by payment card companies, payment apps, and online marketplaces for individuals or entities that receive more than $5,000 for goods or services during the corresponding tax year.
Some of the common types of entities that are required to file 1099-K include,
- Online payment apps such as PayPal, Venmo, and Cash app.
- Auction sites
- Ticket selling platform
- Car rental platform
- Craft or maker marketplace
- Real estate marketplace
- Crowdfunding platform
- Freelancer marketplace.
What is the new threshold of Form 1099-K?
The IRS will not implement the $600 threshold for Form 1099-K reporting. For 2024 and future years, you’ll still need to file Form 1099-K only if:
- You process over $20,000 in total payments, and
- You have more than 200 transactions in a year.
When is the deadline to file Form 1099-K?
- The filer must furnish recipient copies of Form 1099-K by February 2, 2026.
- The due date to file 1099-K with the IRS on paper is
March 2, 2026. - The due date to file 1099-K electronically is
March 31, 2026.
What are the Boxes in Form 1099-K?
Form 1099-K comprised of 8 Boxes. You have to enter the required information in each box.
Filer’s Information
1. Name, Address, City or Town, State, Postal Code, and Phone Number
2. TIN (EIN/SSN)
3. Filer Type (PSE or EPF)
4. Transaction type (Payment Card or Third-party network)
Payee Information
1. Name
2. TIN
3. Address
Payment information
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Box 1a: Gross Payment Card/Third-Party Network Transactions
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Box 1b: Card Not Present Transaction
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Box 2: Merchant Category Code (MCC)
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Box 3: Number of Payment Transactions
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Box 4: Federal Income Tax Withheld
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Box 5a to 5I: Total reportable payment transactions for each month
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Box 6 to 8: State Information
Want to know how to complete Form 1099-K? Follow these step-by-step Form 1099-K Instructions to guide you through
the process.
What is the difference between Form 1099 K, NEC and MISC?
Form 1099-K reports payments made through payment cards and third-party networks, while Form 1099-MISC is typically used for miscellaneous payments made through cash or check. Form 1099-K, on the other hand, is specifically used to report non-employee compensation made through cash or check. To learn more in detail about Form 1099-K vs NEC vs MISC, Click here.
Helpful Resource for Filing 1099-K
What is Form 1099-K?
Form 1099-K Changes
Form 1099-K Instructions
Success Starts with TaxBandits
An IRS Authorized E-file provider you can trust
