Compare Software › Best 1099-K Software for 2026

At a Glance
Form 1099-K reports payment card and third-party network transactions. Payment settlement entities (PSEs), including payment processors and online marketplaces, must file 1099-K for reportable transactions. BoomTax offers comprehensive 1099-K support with high-volume capabilities.

Who Files Form 1099-K?

  • Payment Processors: Credit card, debit card processors
  • Online Marketplaces: E-commerce platforms
  • Third-Party Networks: Payment apps and platforms
  • PSEs: Payment settlement entities
Note: 1099-K reporting thresholds continue to evolve. Check current IRS guidance for applicable thresholds.

Best 1099-K Software Rankings

#1 BoomTax

Editor's Choice
IRS Authorized High Volume Monthly Breakdown API Ready

BoomTax offers comprehensive 1099-K e-filing with high-volume support, monthly breakdown handling, and API integration for payment platforms.

Card Transactions
Payment Cards
Marketplaces
E-commerce
Monthly Data
By Card Type
Platform API
REST Integration
Key Strengths
  • Full 1099-K support
  • High-volume bulk filing
  • Monthly breakdown by card type
  • TIN matching included
  • State filing support
  • API for payment platform integration
Best For
  • Payment processors
  • E-commerce marketplaces
  • Third-party payment networks
  • Fintech companies
Pricing

Volume pricing for PSEs and platforms. Free account setup.

#2 Tax1099

Tax1099 supports 1099-K filing with bulk import capabilities.

  • 1099-K e-filing
  • Bulk upload
  • API integration
Compare BoomTax vs Tax1099 →

#3 Sovos

Sovos offers enterprise 1099-K filing for large payment processors.

  • Enterprise platform
  • High-volume support
  • Complex implementations
Compare BoomTax vs Sovos →

Enterprise Options

Solutions for large payment platforms:

Frequently Asked Questions

The reporting threshold has been subject to changes. Originally $20,000 and 200 transactions, the IRS has been phasing in lower thresholds. Check current IRS guidance for applicable thresholds.

Form 1099-K is due January 31 to payees and February 28 (paper) or March 31 (electronic) to the IRS.

Payment settlement entities (PSEs)—including payment processors, online marketplaces, and third-party networks—are responsible for filing 1099-K.

1099-K reports gross payment amount, number of payment transactions, and monthly breakdown. Card present vs. card not present may also be reported.

Some states have their own 1099-K requirements. BoomTax supports Combined Federal/State filing where applicable.
Ken Ham
Author
Ken Ham
Founder at BoomTax
View all posts

Passionate about making tax compliance simple so businesses can focus on what matters.

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