Will Cozy report the payments I receive to the IRS? Do I get a 1099-K?
We do report all payments received on Cozy to the IRS if you meet both of the following criteria in a calendar year:
- Cozy has processed over 200 payments for you
- You've been paid over $20,000 through Cozy
If you meet both criteria in a given year, we'll send you a 1099-K by January 31st of the next calendar year. The IRS provides more information about 1099-Ks here.
If you only meet one criteria, we won't file a 1099-K for you.