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1099-K Reporting Obligations for Third-Party Vendor Payments
September 3, 2025
Q. Would you be able to provide guidance on if 1099-K form needs to be issued for the following scenario and who would be responsible for issuing 1099-K forms?
Company A has a website selling goods; some goods are from third-party vendors. If a buyer purchases goods from the third-party vendor on Company A’s website, Company A will collect the money into an escrow. Company A is paid a percentage for selling goods on their site and the remaining revenue is paid to the third-party vendor from…
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