Qualifying merchants will receiving a 1099-K Form (issued by our payment processor, Stripe) via email at the end of the calendar year. The 1099-K form is a document required by the U.S. tax department (IRS). It shows the payment volume received by an account and is provided to both the the account holder (merchant) and the IRS.
For the 2023 calendar year, merchants with $20,000 or more in gross payment volume will be issued a 1099-K form, regardless of business type. This form will be delivered via email after January 1, 2024.
For the 2022 calendar year, merchants with $20,000 or more in gross payment volume were issued a 1099-K form.