Stripe may be required to collect various tax documents from some accounts. Stripe must comply with various U.S. tax reporting requirements both to account holders and to the U.S. Internal Revenue Service (“IRS”).

Per IRS regulations, Stripe may be required to report the respective payment volume processed on a Form 1099-K for all relevant US tax residents. However, non-U.S. tax residents are not subject to Form 1099-K tax reporting. In most cases, Stripe is able to rely on the information provided during onboarding in order to establish if a business is considered a U.S. Person or a non-U.S. Person.

In limited cases, Stripe is required to collect this tax residency information on a certified tax form. This certified information is generally collected on a Form W-9 for U.S. tax residents or a Form W-8 for non-U.S. tax residents. We may also be required to collect supplementary support forms like a Form 4669 or an Affidavit of Unchanged Status if applicable.

Non-US accounts that add US bank accounts or US addresses may be asked to complete a Form W-8/W-9 to establish tax residency. Even if it was added by mistake, Stripe is still required to collect a Form W-8/W-9. In order to avoid disruption in services, this request must be completed within 14 days of when notified.

You can learn more about specific form types by checking out the articles below:

Form W-8 and Affidavit of Unchanged Status collected by Stripe

Form W-9 and Form 4669 collected by Stripe

This article is neither legal advice nor tax advice. We recommend that you speak to your lawyer or accounting firm with any questions or concerns around tax reporting.