IRS Newswire March 22, 2023

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Issue Number: IR-2023-53

Inside This Issue

IRS updates frequently asked question about Form 1099-K

IR-2023-53, March 22, 2023

WASHINGTON — The Internal Revenue Service today updated frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third-Party Network Transactions, in Fact Sheet FS-2023-06. The updates are:

• General section: Question 3 is updated
• Individuals section: Questions 6 and 7 added
• Filing Form 1099-K section: Question 5 updated

More information about reliance is available.

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