The most significant change to the 1099-K requirements concerns the de minimis threshold for third-party payment networks. For tax years before 2022, these networks were only required to send a Form 1099-K if an individual or business: Received more than $20,000 in gross payments and had more than 200 transactions. Beginning in 2022, third-party payment networks will now be required to send 1099-Ks to anyone with: More than $600 in gross payments and any number of transactions.