Description
A payment settlement entity (PSE) must file the ComplyRight Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third-party network transaction, if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction. A PSE is a domestic or foreign entity that is a merchant acquiring entity, such as a bank or other organization that has the contractual obligation to make payment to participating payees in settlement of payment card transactions; or a third party settlement organization (TPSO) that has the contractual obligation to make payments to participating payees of third-party network transactions. 100 tax forms per pack. Features a two-part format. Laser printer compatible. Dimensions: 8. 5" x 11". Use the Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year. Includes copy A. 2-up format: one sheet equals two forms
