OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions

ICR 202601-1545-004 · OMB 1545-2205 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Form 1099-K Payment Card and Third Party Network Transactions Form Modified Available
Final 1545-2205 Comment Matrix-CLEAN.docx Supplementary Document Uploaded 2026-04-23 Available
1545-2205 Supporting Statement 2026.docx Supporting Statement A Uploaded 2026-04-30 Available
PayPal-Stripe Comment on Draft Form 1099-K.pdf Public Comments Uploaded 2026-02-26 Available
IC Document Collections
IC IDCollectionTypeStatusForm
196146 Form 1099-K, Payment Card and Third Party Network Transactions Form ModifiedPayment Card and Third Party Network Transactions
196146 Form 1099-K, Payment Card and Third Party Network Transactions Instruction Modified
ICR Details
1545-2205 202601-1545-004
Received in OIRA 202301-1545-003
TREAS/IRS
Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions
Revision of a currently approved collection   No
Regular 04/30/2026
  Requested Previously Approved
36 Months From Approved 05/31/2026
13,340,100 10,400,000
6,403,248 4,992,000
0 0
This information collection covers final regulations implementing mendments to the Income Tax Regulations (26 CFR part 1) relating to information reporting under sections 6041, 6041A, 6050W, and 6051 of the Internal Revenue Code (Code). The form reflects payments made in settlement of merchant card and third-party network transactions for purchases of goods and/or services made with merchant cards and through third-party networks.
US Code: 26 USC 6050W Name of Law: Returns relating to payments made in settlement of payment card and third party network transactions
  
PL: Pub.L. 119 - 21 224 Name of Law: One Big Beautiful Bill Act
Not associated with rulemaking
  91 FR 1602 01/14/2026
91 FR 22917 04/28/2026
No
1
IC Title Form No. Form Name
Form 1099-K, Payment Card and Third Party Network Transactions 1099-K Payment Card and Third Party Network Transactions
  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 13,340,100 10,400,000 2,940,100 0 0 0
Annual Time Burden (Hours) 6,403,248 4,992,000 1,411,248 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
To comply with provisions of Public Law 119-21 (One Big Beautiful Bill Act), two lines were added to Form 1099-K to include cash tips and the Treasury tipped occupation code. This change is anticipated to increase the estimated annual number of responses by 3,694,100 and will increase the total burden by 1,773,168 hours, due to the new statute.
$60,213
No
    No
    No
No
No
No
No
Christine Best 859 320-3410 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/30/2026