# Required Verification Information for Taxes

Learn what account information you need to provide for your Connect accounts if you want Stripe to help you with US federal 1099 tax reporting.

> Stripe recommends that you consult a tax advisor to determine your tax filing and reporting requirements.

If any of the 1099 capabilities are turned on, *Payouts* (A payout is the transfer of funds to an external account, usually a bank account, in the form of a deposit) become disabled if the required information isn’t collected and verified by 600 USD in charges. When you apply the capability on a existing account with 600 USD or more in charges, the account’s Payouts immediately become disabled.

## Required information (1099-K, 1099-MISC, 1099-NEC) 

The following table lists the requirements for connected accounts with any of the [1099 capabilities](https://docs.stripe.com/connect/account-capabilities.md?accounts-namespace=v1#tax-reporting). Stripe requires the business tax details except when the account is set up as a *Single Person Entity* (SPE) with a US-based representative, in which case we’ll use the representative’s personal tax details.

Stripe defines a Single Person Entity as follows:

- Individual: [business type](https://docs.stripe.com/api/accounts/object.md#account_object-business_type) is `individual`
- Sole Proprietorship: [business type](https://docs.stripe.com/api/accounts/object.md#account_object-business_type) is `company` and [business structure](https://docs.stripe.com/api/accounts/create.md#create_account-company-structure) is `sole_proprietorship`
- Single Member LLC: [business type](https://docs.stripe.com/api/accounts/object.md#account_object-business_type) is `company` and [business structure](https://docs.stripe.com/api/accounts/create.md#create_account-company-structure) is `single_member_llc`

Even if you don’t add the 1099 capabilities and want to update the information directly in Stripe to file your 1099 forms, these are the properties to populate.

| Type    | SPE with US-based representative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SPE with non-US-based representative                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Name    | - `individual.first_name`
  - `individual.last_name`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | `company.name`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | `company.name`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| TIN     | `individual.id_number`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | `company.tax_id`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | `company.tax_id`                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Address | `individual.address`

  Required address properties are:

  - [individual.address.line1](https://docs.stripe.com/api/accounts/update.md#update_account-individual-address-line1)
  - [individual.address.postal_code](https://docs.stripe.com/api/accounts/update.md#update_account-individual-address-postal_code)
  - [individual.address.city](https://docs.stripe.com/api/accounts/update.md#update_account-individual-address-city)
  - [individual.address.state](https://docs.stripe.com/api/accounts/update.md#update_account-individual-address-state) | `company.address`

  Required address properties are:

  - [company.address.line1](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-line1)
  - [company.address.postal_code](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-postal_code)
  - [company.address.city](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-city)
  - [company.address.state](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-state) | `company.address`

  Required address properties are:

  - [company.address.line1](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-line1)
  - [company.address.postal_code](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-postal_code)
  - [company.address.city](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-city)
  - [company.address.state](https://docs.stripe.com/api/accounts/update.md#update_account-company-address-state) |