1099-K forms issued by Stripe

Created by Richard Scully, Modified on Fri, 19 May 2023 at 02:27 PM by Richard Scully

1099-K forms issued by Stripe

Please Note: This article pertains to Stripe Direct or Standard Connect users.
- If you are a 
platform working on 1099 tax forms for your connected accounts, please visit the Stripe Docs site.
- If you are an 
Express/Custom connected account, please visit the Express Support Site.

What is the 1099-K Form?

Every year, the United States’ IRS requires that Stripe provide a form called a 1099-K for each Stripe account that meets all of the following criteria in the previous calendar year:

  • Account is based in the United States (owners do not need to be US citizens) or the non-US account is for a US taxpayer AND

  • $20,000 USD in total gross volume AND

  • 200 transactions*

*On December 23rd, the IRS announced that the 1099-K filing threshold will remain at $20,000 USD and 200 transactions for tax year 2022.

The 1099-K is a purely informational form that summarizes the sales activity of your account and is designed to assist you in reporting your taxes. It is provided to you and the IRS, as well as some US states.

For more help understanding your 1099-K, go to IRS.gov. You can also download a blank example of the 1099-K form here.


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