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.)AND
More than $20,000 USD in total gross volumeAND
More than 200 charges
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.
How and when do I get my 1099-K?
If your business qualifies, your 1099-K for the previous calendar year will be available to download from your dashboard prior to January 24, 2017. We will also notify you via email when the form is available.
Downloading your 1099-K
Head to “Business Settings” in your Stripe dashboard
Click on the “Documents” tab
Once you’ve done this, you’ll have the option to download the 1099-K PDF that we have prepared for you.
About PushPress
PushPress is a revolutionary gym management software system that has helped thousands of entrepreneurs take control and streamline their day. We've taken our decades of experience running successful gyms, as well as the recommendations we received from other fitness business owners similar to you, in order to build an easy-to-use solution for future success!