Hi Patrice1986,
Beginning in 2022, the payee must be issued a Form 1099-K if the service processed more than $600 worth of payments regardless of the number of individual payments or transactions. There is nolonger a threshhold for payment card transactions. Many entities that process card payments on behalf of their customers will issue a 1099-K form when the amount of payments and number of payments are far below this threshold. It is possible that the IRS could contact a taxpayer whose gross business income is less than the amount reported on the form.
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