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$ 20,000 This form reports income received from payment cards and third-party network transactions, often associated with online sales platforms. Who receives it: Business or individual who received payments. Who files it: Payment settlement company (e.g., PayPal, Stripe). Reported income: Total payment card and third-party network transactions exceeding a certain threshold ($20,000 in gross transactions AND over 200 transactions in 2023 and 2024).

This form reports income received from payment cards and third-party network transactions, often associated with online sales platforms.
Who receives it: Business or individual who received payments.
Who files it: Payment settlement company (e.g., PayPal, Stripe).
Reported income: Total payment card and third-party network transactions exceeding a certain threshold ($20,000 in gross transactions AND over 200 transactions in 2023 and 2024).

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