The following table explains the information included on a 1099-K form. Download a blank example 1099-K form and learn more about your 1099-K on IRS.gov.
Label |
Box number |
Description |
Filer’s name, address, and telephone number |
N/A |
Stripe's contact information |
Payee’s name, address, and telephone number |
N/A |
Your business or organization's contact information as it was provided to Stripe. If your address information needs to be updated and:
|
PSE’S name and telephone number |
N/A |
(Blank) |
Account number |
N/A |
Your Stripe account number |
Filer’s federal identification number |
N/A |
Stripe’s identification with the US government |
Payee’s taxpayer identification number |
N/A |
Either your Employer Identification Number (EIN), Social Security Number (SSN), or Individual Taxpayer Identification Number (ITIN) as it was provided to Stripe. For your protection, the form that we send you might show only the last four digits. Copies that are sent to the IRS and state tax boards include your complete identification number.
|
Gross amount of payment card/third party network transactions |
1a |
The total gross volume of charges that you’ve made with Stripe in the calendar year |
Card Not Present transactions |
1b |
The total gross volume of charges that were made without the card present at the time of the transaction. |
Merchant category code |
2 |
The merchant category code for your business or organization |
Number of payment transactions |
3 |
The number of charges that you’ve made with Stripe in the calendar year |
Federal income tax withheld |
4 |
Backup withholding from your Stripe payments. |
January - December |
5a-5l |
The total gross volume of charges that you’ve made with Stripe for each month of the calendar year. |
State |
6 |
The state in which your income tax has been withheld |
State identification number |
7 |
Your identification number that is used for your state income tax withholding |
State income tax withheld |
8 |
State and local income tax withheld from the payments |
What tax details are included on a 1099 tax form?
For accounts that are set up as US Companies, Stripe will use the business tax details except when the account is set up as a Single Member LLC / Sole Proprietorship, in which case we’ll use the owner’s personal tax details.
This is because these account types are considered disregarded entities by the IRS for income tax purposes. For Individuals, Stripe will use the personal tax details. For additional information, please see the IRS website.
The table below shows which set of tax details Stripe will use for 1099 tax reporting.
