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New Cash Tip Reporting on Form 1099-K: TPSOs Only
July 22, 2026
Q. I am seeking clarification regarding the new cash tip field on Form 1099-K (December 2026), Box 1c. Our organization is a Payment Settlement Entity (specifically, a merchant-acquiring entity). In reviewing the amendments to Section 6050W, it appears that the new reporting requirement for cash tips applies specifically to third-party settlement organizations (TPSOs). Could you please verify whether this new requirement applies solely to TPSOs, or if it also extends to merchant-acquiring…
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