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Financial Services Document

Tax season stress shouldn't come from manual data entry.

Form 1099-K (Payment Card/Marketplace) Data Extraction

Extract gross payment amounts and transaction data from IRS Form 1099-K for payment cards and third-party networks

Extract 1099-K Now Contact Sales

No credit card required to get started.

35 Fields extracted
93%+ Accuracy rate
<30s Processing time
01The Problem

Tax document processing is tedious and error-prone

Finance teams manually extract data from tax forms during peak seasons. One mistake can trigger audits, penalties, or payment delays.

  • High-volume processing during tax season
  • Complex forms with many required fields
  • IRS penalties for reporting errors
  • Manual verification wastes skilled staff time
02Extracted Fields

Data we extract from 1099-k.

Structured output ready for your systems.

Tax YearExtract the tax year from the form....
CorrectedIs this a corrected 1099-K? Yes or No...
Filer NameExtract the filer/PSE (Payment Settlement Entity) ...
Filer TINExtract the filer TIN/EIN....
Filer AddressExtract the filer address....
Filer PhoneExtract the filer telephone number....
PSE NameExtract the Payment Settlement Entity name if diff...
Payee NameExtract the payee (recipient) name....
Payee TINExtract the payee TIN/SSN/EIN....
Payee AddressExtract the payee street address, city, state, ZIP...
Account NumberExtract the account number if shown. Return N/A if...
Transaction TypeIdentify transaction type from checkbox: Payment C...
PSE TransactionsFor third-party network, identify PSE type: Electr...
Box 1a Gross AmountExtract Box 1a - Gross amount of payment card/thir...
Box 1b Card Not PresentExtract Box 1b - Card not present transactions. Re...
Merchant Category CodeExtract the Merchant Category Code (MCC) if shown....
Number of TransactionsExtract the number of payment transactions. Return...
Box 2 ReservedExtract Box 2 value if present. Return N/A if blan...
Box 3 JanExtract January gross amount. Return $0 if blank....
Box 4 FebExtract February gross amount. Return $0 if blank....
Box 5 MarExtract March gross amount. Return $0 if blank....
Box 6 AprExtract April gross amount. Return $0 if blank....
Box 7 MayExtract May gross amount. Return $0 if blank....
Box 8 JunExtract June gross amount. Return $0 if blank....
Box 9 JulExtract July gross amount. Return $0 if blank....
Box 10 AugExtract August gross amount. Return $0 if blank....
Box 11 SepExtract September gross amount. Return $0 if blank...
Box 12 OctExtract October gross amount. Return $0 if blank....
Box 13 NovExtract November gross amount. Return $0 if blank....
Box 14 DecExtract December gross amount. Return $0 if blank....
Box 5a StateExtract first state abbreviation for state reporti...
Box 5b State IDExtract first state identification number. Return ...
Box 5c State IncomeExtract first state income amount. Return N/A if b...
Federal Backup WithholdingExtract federal income tax withheld (Box 4). Retur...
State WithholdingExtract state income tax withheld. Return $0 if bl...
03How It Works
1

Upload

Upload your 1099-k documents in PDF, image, or scanned format. Drag and drop or use our API.

2

Extract

Our AI identifies and extracts all 35 fields with 93%+ accuracy. No templates or training required.

3

Review

Review extracted data with confidence scores. Approve, edit, or flag items for human verification.

4

Export

Download as JSON, CSV, or Excel. Integrate via API or webhook to your existing systems.

04Use Cases

Who uses 1099-k extraction?

Accounting Firms

Process client tax documents efficiently during busy season.

Corporate Finance

Extract vendor tax information for 1099 reporting and withholding.

Tax Departments

Automate tax form processing for large organizations.

Financial Institutions

Process customer tax documents for account opening and compliance.

05FAQ

Frequently asked questions.

Common questions about 1099-k extraction.

1099-K thresholds changed. Are we extracting correctly?

Gross payment amounts, transaction counts, and month-by-month breakdowns are extracted regardless of threshold.

We receive these from payment processors.

Works for PayPal, Stripe, Square, Amazon, and any PSE-issued 1099-K. Format variations handled.

What about multiple 1099-Ks per taxpayer?

Process all of them. Aggregate payment data across processors for accurate reporting.

Monthly amounts matter for our analysis.

Each month's gross amount is extracted separately. Build payment trends.

Card vs third-party network transactions?

Transaction type classification is extracted when specified on the form.

Can we test with actual 1099-Ks?

Yes. Sign up for evaluation credits and upload 1099-K forms. No payment required.

06Related Templates

Other financial services templates.

Form W-8BEN (Individual)

Extract foreign status and treaty benefits from IRS Form W-8BEN for individual foreign persons...

Form W-8BEN-E (Entity)

Extract foreign entity status, FATCA classification, and treaty benefits from IRS Form W-8BEN-E...

"Tax season nearly broke us"

Our team manually keyed W-9 data from hundreds of vendors. One transposed TIN triggered an IRS notice that took months to resolve.

Automated extraction catches format errors before they become tax notices. This year: zero vendor TIN issues.

— Controller, Professional Services Firm

Ready to automate 1099-k processing?

Processing 1,000+ documents monthly? Let's discuss your requirements.

Get Started Now Contact Sales

No credit card required to get started.

P.S. Every manual entry is a potential audit trigger you don't need.