Form 1099-K - Payment Card And Third Party Network Transactions

Instructions for Payee

Account number. May show an account number or other

You have received this form because you have either: (a)

unique number the PSE assigned to distinguish your account.

accepted payment cards for payments, or (b) received

payments through a third party network that exceeded

Box 1. Shows the aggregate gross amount of payment card/

$20,000 in gross total reportable transactions and the

third party network transactions made to you through the PSE

aggregate number of those transactions exceeded 200 for the

during the calendar year.

calendar year. Merchant acquirers and third party settlement

Box 2. Shows the merchant category code used for payment

organizations, as payment settlement entities (PSE), must

card/third party network transactions (if available) reported on

report the proceeds of payment card and third party network

this form.

transactions made to you on Form 1099-K under Internal

Revenue Code section 6050W. The PSE may have contracted

Box 3. Shows the number of payment transactions (not

with an electronic payment facilitator (EPF) or other third party

including refund transactions) processed through the payment

payer to make payments to you.

card/third party network.

If you have questions about the amounts reported on this

Box 4. Shows backup withholding. Generally, a payer must

form, contact the FILER whose information is shown in the

backup withhold if you did not furnish your taxpayer

upper left corner on the front of this form. If you do not

identification number (TIN) or you did not furnish the correct

recognize the FILER shown in the upper left corner of the

TIN to the payer. See Form W-9, Request for Taxpayer

form, contact the PSE whose name and phone number are

Identification Number and Certification, and Publication 505,

shown in the lower left corner of the form above your account

Tax Withholding and Estimated Tax, for information on backup

number.

withholding. Include this amount on your income tax return as

tax withheld.

See the separate instructions for your income tax return for

using the information reported on this form.

Boxes 5a-5l. Shows the gross amount of payment card/third

party network transactions made to you for each month of the

Payee's identification number. For your protection, this form

calendar year.

may show only the last four digits of your social security

number (SSN), individual taxpayer identification number (ITIN),

Boxes 6-8. Shows state and local income tax withheld from

or adoption taxpayer identification number (ATIN). However,

the payments.

the issuer has reported your complete identification number to

Future developments. For the latest information about

the IRS and, where applicable, to state and/or local

developments related to Form 1099-K and its instructions,

governments. Note. If your EIN is reported in this box, you

such as legislation enacted after they were published, go to

should see the complete number in this format (XX-XXXXXXX).

Form 1099-K - Payment Card And Third Party Network Transactions - 2013 Page 5

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