Hi
Third-party payment networks are required to file Form 1099-K with the IRS and provide a copy to you when the gross payment amount is greater than $600.Form 1099-K should not report gifts or reimbursement of personal expenses you received from friends and family.
Go ahead and provide them a 2023 W-9. Here is the link to the 2023 W-9:
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.irs.gov/pub/irs-pdf/fw9.pdf
Here is an article about the 1099-K:
https://www.irs.gov/businesses/understanding-your-form-1099-k
Thank you,
John
CPA
