Stripe may be required to collect various tax documents from you. Stripe has various U.S. tax reporting requirements both to account holders and to the U.S. Internal Revenue Service (“IRS”). The main reporting requirement Stripe has is based on payment processing.

For U.S. Direct and Standard account holders, Stripe must report the respective payment volume they have processed for its account holders on a Form 1099-K, assuming reporting thresholds are met. Non-U.S. account holders however are not subject to 1099-K tax reporting. In order to establish if an account holder is a U.S. Person or a non-U.S. Person Stripe will ask for certain identifying information and a certification from the account holder. This information is generally collected on a Form W9 for U.S. account holder or a Form W8 for non-U.S. account holders. We may also collect supplementary support forms like a Form 4669 or an Affidavit of Unchanged Status depending on the situation.

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.

For information on automatically collecting sales tax on Stripe transactions, check out Stripe Tax.