These are errors and rejects every filer can get when sending information returns to IRIS, whether through the free IRIS Taxpayer Portal or through filing software. IRIS reports each one on the acknowledgment by rule number.
Form 1099-K business rules
Besides the rules on this page, IRIS checks the rules every form shares, such as SHAREDIRFORM014 (payee name and TIN); those are on the cross-form error code pages. The IRIS Taxpayer Portal also takes Form 1099-K as a CSV upload, using the IRS template for the form.
In the tax year 2026 rule set: 7 report error and reject over the threshold. A reject stops the submission; a report error is accepted with errors and counts as filed; past an unpublished threshold, report errors reject the submission. The descriptions are our own summaries; your acknowledgment gives the rule number.
| Rule | Severity | What it checks |
|---|---|---|
| F1099K001 | Report error, reject over threshold | The twelve monthly amounts must add up to the gross amount. |
| F1099K002 | Report error, reject over threshold | If the filer is an electronic payment facilitator or other third party, the payment settlement entity's name and phone number are required. |
| F1099K003 | Report error, reject over threshold | Federal income tax withheld looks too high compared with the income amounts reported on the form. |
| F1099K004 | Report error, reject over threshold | Exactly one filer type must be checked: payment settlement entity, or electronic payment facilitator or other third party. |
| F1099K005 | Report error, reject over threshold | Exactly one transaction type must be checked: payment card, or third party network. |
| F1099K006 | Report error, reject over threshold | Card-not-present transactions cannot be more than the gross amount. |
| F1099K026 | Report error, reject over threshold | The number of payment transactions is required. |
Elements of Form1099KDetail
Each Form 1099-K return is one Form1099KDetail record in a submission of group 1. The table lists its 36 elements in schema order for tax year 2026: whether each is required, and the format IRIS accepts. Element names are the ones the IRS uses in its IRIS ATS examples and Publication 5718; the IRS revises the schema each year. A FIRE filer converting a Pub 1220 file finds the field-by-field mapping in the Pub 1220 to IRIS crosswalk.
| Element | Required | Format |
|---|---|---|
TaxYr | Required | Four-digit year |
RecordId | Required | Whole number, up to 8 digits |
IssuerOfficeCd | Optional | Exactly 4 characters |
CFSFElectionStateCd | Optional | Two-letter state or territory code |
VoidInd | Required | 1 (yes) or 0 (no) |
CorrectedInd | Required | 1 (yes) or 0 (no) |
PrevSubmittedRecRecipientGrp | Optional | Group of elements |
RecipientDetail | Required | Group of elements |
RecipientAccountNum | Optional | Text, up to 30 characters |
PSEInd | Required | 1 (yes) or 0 (no) |
EPFOrOtherThirdPartyInd | Required | 1 (yes) or 0 (no) |
PaymentCardInd | Required | 1 (yes) or 0 (no) |
ThirdPartyNetworkInd | Required | 1 (yes) or 0 (no) |
PSENm | Optional | Text, up to 35 characters |
PSEPhoneNum | Optional | Text, up to 30 characters |
SecondTINNoticeInd | Required | 1 (yes) or 0 (no) |
GrossAmt | Optional | Amount, zero or more, up to 2 decimal places |
CardNotPresentTransAmt | Optional | Amount, zero or more, up to 2 decimal places |
CashTipsAmt | Optional | Amount, zero or more, up to 2 decimal places |
TreasuryTippedOccupationCd | Optional | Code from a list of 72 values |
MerchantCategoryCd | Optional | |
PaymentTransactionCnt | Optional | Whole number, zero or more |
FederalIncomeTaxWithheldAmt | Optional | Amount, zero or more, up to 2 decimal places |
JanuaryAmt | Optional | Amount, zero or more, up to 2 decimal places |
FebruaryAmt | Optional | Amount, zero or more, up to 2 decimal places |
MarchAmt | Optional | Amount, zero or more, up to 2 decimal places |
AprilAmt | Optional | Amount, zero or more, up to 2 decimal places |
MayAmt | Optional | Amount, zero or more, up to 2 decimal places |
JuneAmt | Optional | Amount, zero or more, up to 2 decimal places |
JulyAmt | Optional | Amount, zero or more, up to 2 decimal places |
AugustAmt | Optional | Amount, zero or more, up to 2 decimal places |
SeptemberAmt | Optional | Amount, zero or more, up to 2 decimal places |
OctoberAmt | Optional | Amount, zero or more, up to 2 decimal places |
NovemberAmt | Optional | Amount, zero or more, up to 2 decimal places |
DecemberAmt | Optional | Amount, zero or more, up to 2 decimal places |
StateLocalTaxGrp | Optional, repeats | Group of elements |