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Payments
Finance automation
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Payments
Finance automation
Platforms and marketplaces
Money management
Overview
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Tax forms for your Connect platform
    Overview
    Get started with tax reporting
    1099 Tax Support and Communication Guide
    Tax form settings
    Calculation methods
    Identity information on tax forms
    File tax forms
    File tax forms with states
    Identify forms with missing information
    Update and create tax forms
    Deliver tax forms
    Deliver tax forms with the Express Dashboard
    Correct tax forms
    Split tax forms
    Tax year changeover
    Platform tax reporting (non-US)
Work with connected account types
HomePlatforms and marketplacesTax forms for your Connect platform

US tax reporting for Connect platforms

Learn how to report the annual payments for your US-based connected accounts.

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Stripe Connect allows platforms to provide a seamless, end-to-end payment service for their connected accounts. This service may come with certain responsibilities, including tax information reporting.

Getting your 1099 Forms

If you work for a platform that pays you through Stripe and want to learn about your 1099 forms and how to get them, see 1099 tax forms on the Stripe Support site.

Stripe issues 1099-K forms for your connected accounts that have transactions where controller.fees.payer = account or application_unified_accounts_beta.

For transactions where controller.fees.payer = application, if your connected accounts pay the processing fees for those transactions to Stripe, they could be included in a Stripe-issued 1099.

For any other account setups that have transactions, Stripe won’t issue a 1099-K to your connected accounts (for example, when controller.fees.payer = application_custom or application_express or application where you pay the processing fees). Instead, consider issuing a Form 1099 to report income and payment transactions. There are several types of 1099 forms, and the applicable form depends on the type of payments you make to your connected account.

Note

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

1099-NEC

Use the 1099-NEC form to report non-employee compensation.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the US or a US taxpayer
  • $600 or more in payments

1099-MISC

Use the 1099-MISC form to report other forms of payments made in the course of your business.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the US or a US taxpayer
  • $600 or more in payments or $10 in royalties

1099-K

Use the 1099-K form to report payment transactions.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the US or a US taxpayer
  • More than $5,000 in gross volume
  • More than 0 transactions

See also

  • Get started with the Stripe 1099 tax reporting product
  • Configure your tax form settings

Note

Looking for help calculating sales tax, VAT, or GST? Check out Stripe Tax.

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