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.

Note

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

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

The following table lists the requirements for connected accounts with any of the 1099 capabilities. 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 is individual
Sole Proprietorship: business type is sole_prop, or business type is company and business structure is sole_proprietorship
Single Member LLC: business type is company and business 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 fields to populate.

Type SPE with US-based representative SPE with non-US-based representative Company

Name

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 fields are: individual.address.line1 individual.address.postal_code individual.address.city individual.address.state	`company.address` Required address fields are: company.address.line1 company.address.postal_code company.address.city company.address.state	`company.address` Required address fields are: company.address.line1 company.address.postal_code company.address.city company.address.state

individual.first_name
individual.last_name

company.name

TIN individual.id_number company.tax_id company.tax_id

Address

individual.address

Required address fields are:

company.address

Required address fields are:

company.address

Required address fields are:

If you have any of the 1099 capabilities turned on, Payouts become disabled if the required information isn’t collected and verified by 600 USD in charges.