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foreign this video Im going to walk through the new 1099k rules that apply for 2022 and years going forward um and then at the very end Im going to show you an example of a tax return on where this or how this would apply so first off what is a 109k its essentially its a tax form that gets filed to the IRS and it also gets filed to the recipient of those that receive funds from my credit card processors and essentially kind of just lets the IRS know that hey Rob you received you know ten thousand dollars and we want to make sure that shows up in your you know tax return and its very similar like I said to the 1099 misc and the 1099 NEC so its more of like an informational return but the IRS tracks to make sure that people are kind of recording that on their tax return so before 2022 the older rule was if you receive payments right so youre a business owner and you received 200 transactions or more and those totaled more than twenty thousand dollars you would get a 1099k form wel
