I am an independent contractor and receive a 1099Misc each year. My employer pays me through Zelle. I expect a 1099k for 2022. How will IRS handle this?

[JulieS]

For you, filing your tax return will be the same whether you get a 1099-NEC or a 1099-K. 

You just report all the income that you received along with your allowed business expenses.

As far as the IRS, since the threshold for filing a 1099-K is now the same as for  1099-MISC and 1099-NEC, it is likely that a matching program will be implemented for 1099-K, similar to the one for 1099-MISC and 1099-NEC. 

At this point the IRS says:

"The IRS will use the data from the Form 1099-K to develop:

• Taxpayer education and outreach products and services.
• New examination and collection approaches." -IRS

Click here to see General FAQs on Payment Card and Third Party Network Transactions.