1099 tax form won’t load
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Here's what I found on this issue:
Payment processing services, such as PayPal, are required to issue a 1099-K form to the IRS for reporting the sales of their customers (businesses) who receive more than $20,000 in a single year AND who conduct more than 200 transactions. So if your business gets income from several different sources – like PayPal, checks, and cash – you might not need to report a 1099-K form unless you earn more than $20,000 via PayPal.
https://www.kabbage.com/resource-center/finance/paypal-sellers-understanding-your-1099-k/
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It's now March 15th and I have still not had access to my 1099's. Both 2019 and 2020 years.
I contacted paypal and they have just said they are "working on the issue" but have given no ETA.
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I'm going to see if I can report the issue to the IRS that Paypal is holding our 1099's hostage and not allowing us to file our taxes. I'm going to call the IRS today to see if they can pressure Paypal to fix the issue. I suggest you do the same to help fast track the solution!
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