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Instructions For Payee: Payment Card and Third Party Network Transactions

The document is a Form 1099-K issued by eBay Commerce Inc. to Chris Grater, detailing the gross amount of payment card and third-party network transactions for the calendar year. It includes information on transaction amounts, merchant category codes, and tax withholding. The form serves as important tax information for the recipient and must be reported to the IRS.

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0% found this document useful (0 votes)
140 views1 page

Instructions For Payee: Payment Card and Third Party Network Transactions

The document is a Form 1099-K issued by eBay Commerce Inc. to Chris Grater, detailing the gross amount of payment card and third-party network transactions for the calendar year. It includes information on transaction amounts, merchant category codes, and tax withholding. The form serves as important tax information for the recipient and must be reported to the IRS.

Uploaded by

papermoneynation
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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eBay Commerce Inc.

2145 Hamilton Avenue If you have questions contact:


San Jose, CA 95125 eBay Customer Service
800-456-3229
or visit us at eBay.com/help

chris grater
581 forest hill dr
Boone, NC 28607

Instructions for Payee


You have received this form because you have either (a) accepted payment cards for payments, or Box 1a. Shows the aggregate gross amount of payment card/third party network transactions made
(b) received payments through a third party network in the calendar year reported on this form. to you through the PSE during the calendar year.
Merchant acquirers and third party settlement organizations, as payment settlement entities (PSEs), Box 1b. Shows the aggregate gross amount of all reportable payment transactions made to you
through the PSE during the calendar year where the card was not present at the time of the transaction
must report the proceeds of payment card and third party network transactions made to you on or the card number was keyed into the terminal. Typically, this relates to online sales, phone sales, or
Form 1099-K under Internal Revenue Code section 6050W. The PSE may have contracted with an catalogue sales. If the box for third party network is checked, or if these are third party network
electronic payment facilitator (EPF) or other third party payer to make payments to you. transactions, Card Not Present transactions will not be reported.
If you have questions about the amounts reported on this form, contact the FILER whose Box 2. Shows the merchant category code used for payment card/third party network transactions
information is shown in the upper left corner on the front of this form. If you do not recognize the (if available) reported on this form.
FILER shown in the upper left corner of the form, contact the PSE whose name and phone number Box 3. Shows the number of payment transactions (not including refund transactions) processed
are shown in the lower left corner of the form above your account number. through the payment card/third party network.
Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not furnish
If the Form 1099-K is related to your business, see Pub. 334 for more information. If the Form
1099-K is related to your work as part of the gig economy, see www.IRS.gov/GigEconomy. your TIN or you did not furnish the correct TIN to the payer. See Form W-9, Request for Taxpayer
Identification Number and Certification, and Pub. 505. Include this amount on your income tax return
See the separate instructions for your income tax return for using the information reported on
this form. as tax withheld.
Boxes 5a-5l. Show the gross amount of payment card/third party network transactions made to you
Payee’s taxpayer identification number (TIN). For your protection, this form may show only the last for each month of the calendar year.
four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN),
Boxes 6-8. Show state and local income tax withheld from the payments.
adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However,
the issuer has reported your complete TIN to the IRS. Future developments. For the latest information about developments related to Form 1099-K and its
instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099K.
Account number. May show an account number or other unique number the PSE assigned to
distinguish your account. Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax
preparation, e-filing, and direct deposit or payment options.

CORRECTED (if checked)


FILER’S name, street address, city or town, state or province, country, ZIP or FILER’S TIN OMB No. 1545-2205
foreign postal code, and telephone no.
eBay Commerce Inc. 82-3944433 Payment Card
2145 Hamilton Avenue PAYEE’S TIN and Third Party
San Jose, CA 95125 XXX-XX-4105 À¾¶¸ Network
1a Gross amount of payment Transactions
card/third party network
transactions
$ 32,694.46 Form 1099-K
1b Card Not Present 2 Merchant category code
transactions Copy B
Check to indicate if FILER is a (an): Check to indicate transactions For Payee
Payment settlement entity (PSE) X reported are: $ 32,694.46
Payment card 3 Number of payment 4 Federal income tax This is important tax
Electronic Payment Facilitator transactions withheld
information and is
(EPF)/Other third party Third party network X 82 $ being furnished to
PAYEE’S name, street address (including apt. no.), city or town, state or province, 5a January 5b February the IRS. If you are
country, and ZIP or foreign postal code
$ 723.13 $ 2,458.87 required to file a
chris grater 5c March 5d April return, a negligence
581 forest hill dr penalty or other
$ 9,928.22 $ sanction may be
Boone, NC 28607 5e May 5f June imposed on you if
taxable income
$ 3,822.96 $ 4,170.00 results from this
5g July 5h August transaction and the
$ 679.00 $ 2,756.45 IRS determines that it
5i September 5j October has not been
reported.
PSE’S name and telephone number $ 2,738.03 $ 904.02
ECI eBay Commerce Inc 5k November 5l December

800-456-3229 $ $ 4,513.78
Account number (see instructions) tnscout1 6 State 7 State identification no. 8 State income tax withheld

Tracking #: 20557156T5 NC $
Form 1099-K (Rev. 1-2024) (Keep for your records) www.irs.gov/Form1099K Department of the Treasury - Internal Revenue Service

4H8701 1.000

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