Update and create 1099 tax forms

You can update the values for payee details and payment amounts in a 1099 tax form using the Tax form editor in the Dashboard. After you update the values, you can generate a new or corrected form with updated values.

Understanding the tax form editor UI

When you open a record from the Tax reporting page, it includes the following sections:

• Payee details-Includes details about the owner of the connected account that you pay out to.
• Totals-Includes the payment detail totals form.
• Forms details-Includes details about delivery and filing status.
• Form timeline-Includes a log of corrections to the tax form. It doesn’t log changes made to the form by exporting the form to a CSV file and then importing an updated CSV file with new values.

You can modify values in the Payee details, Totals, and Forms details sections.

To update a 1099 tax form before filing

1. On the Tax reporting page, click the tax form to update.
2. Click Edit.
3. To update the user details on the 1099 form, such as Name, TIN, or Address, expand Payee details and then update the value for each field as appropriate.
4. To update details related to payments and withholdings on the 1099 form, expand Totals, and then update the values as appropriate.
5. Click Save to save your changes.

You can then download the updated form as a PDF document.

When you save the form, Stripe validates the format of the values you entered. For example, If you provide a TIN that doesn’t include the correct number of digits, Stripe displays an error message. Stripe doesn’t verify that the TIN is the correct TIN for the connected account, only that it includes the correct number of digits.

Correcting a tax form after filing

In some cases, you need to correct the values in a 1099 tax form after you file it. If you try to update a tax form that you already filed, you see a Correct button instead of an Edit button in the form.

To correct a 1099 tax form after filing

1. On the Tax reporting page, click the tax form to correct.
2. Click Correct.
3. To correct the user details on the 1099 form, such as Name, TIN, or Address, expand Payee details and then correct the value for each field as appropriate.
4. To correct details related to payments and withholdings on the 1099 form, expand Totals and then correct the values as appropriate.
5. Click Save to save your changes.

You can then file the corrected form and download a PDF copy for your records.

Quick Correct: Payee Details

When the payee details for a connected account don’t match the values on a tax form for the connected account, a pencil icon appears next to Payee details. Hovering over the pencil shows a tool tip listing the information that doesn’t match. Click the pencil icon, then click Correct to automatically generate a corrected form in which the payee details match those of the connected account.

When you click Correct, Stripe generates a new form with the updated payee information from the connected account Payee details. If there is an existing corrected form that wasn’t yet filed, the corrected form is updated with the information from the connected account. A corrected form includes all payee details that don’t match, such as payee name, address, and TIN. If more than one value is updated, the corrected form updates all mismatched fields.

When you click Correct to update the values in the tax form, it updates all values that are different in the connected account than the tax form. You can’t choose which fields to update values for. You should verify all changes before filing the updated forms. If a connected account user made a typo to their address, the incorrect address is updated in the corrected form. You can choose to change a single value in an updated tax form by using CSV export to export the file to correct. To learn more, see Correct tax forms.

You can use Quick Correct to update details only in tax forms that you have already filed and contain a mismatch between the tax form data and the data in the connected account. When no mismatched data is detected, the pencil icon does not display. If there is a pencil icon displayed to indicate a mismatch in the data because the connected account data is missing, the pencil icon is displayed but the Correct button is deactivated.

In the Quick Correct panel you can view all of the payee details except for the TIN, which is partially redacted.

You can add a Payee details filter with a value of Payee has updated identity info to see only the list of forms with identity values that differ between the connected account and the form, which are the only forms eligible for Quick Correct.

Revert: Payee Details & Totals

When the data for Payee details or Totals doesn’t match the values on a tax form for the connected account, an Edited badge appears next to the section. Hovering over the badge shows a tool tip listing the values that don’t match. Click the Undo edits button to automatically revert the tax form to match the data in the connected account.

The difference between Revert and Quick Correct is that you can Revert details on a form when it hasn’t been filed yet, and you can Quick Correct a form after it has been filed. When you click Revert, all mismatched data is updated. You can’t choose which fields to update and exclude others. If there is data missing from the connected account, the Revert button is deactivated.

Updating or correcting a 1099 tax form after filing using connected account data

If data for a connected account changes after Stripe generates 1099 forms, you can use the editor in the Dashboard to quickly replace data in the 1099 with data from the connected account. Stripe displays a bell icon in the Payee details section when the data in the form is different from the data in the connected account.

To update or correct a tax form after filing using connected account data

1. On the Tax reporting page, click the tax form to correct.
2. Click the bell icon to display the data from the connected account.
3. Click Correct to update the data in a 1099 form with the data from the connected account.