# Tax reporting 1099 delivery and filing for platforms and marketplaces

### If you're running a platform or marketplace, you may be required to file 1099 tax forms with the IRS and state authorities. If you're a platform that is responsible for filing 1099s for your connected accounts, you can create, manage, file and deliver 1099s directly from the Tax Reporting 1099 dashboard.
**Looking for your 1099-K from Stripe?** If you're not a platform or marketplace and accept payments with Stripe, see 1099-K tax forms.
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A 1099 tax form is used to report various types of income and payment transactions. For example, a marketplace may issue 1099s to summarise earnings for independent contractors, whilst a software platform may issue 1099s to summarise their customers' payment transaction volume. In addition, you're required to file a 1099 tax form for each person or business from whom you withheld taxes, regardless of the amount of the payment.
### Common 1099 forms
There are several types of 1099 tax forms. We've summarised the most common forms that platforms and marketplaces using Connect may need to consider. We recommend consulting a tax adviser to determine your specific tax filing and reporting requirements.
- **Form**
- **General use**
- **When to send
  (federal requirements)**
- **Deadline to report tax forms to IRS**
- **Deadline to provide tax forms to recipient**
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- [1099-NEC](https://www.irs.gov/forms-pubs/about-form-1099-nec)
- Typically used to report non-employee compensation.
- 
- 31 Jan
- 31 Jan
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- [1099-MISC](https://www.irs.gov/forms-pubs/about-form-1099-misc)
- Typically used to report other forms of income to service providers or independent contractors.
- Account meets **all** of the following criteria in the last calendar year:
  * Based in the US or US taxpayer
  * Generated US$600 or more in payments
- 28 Feb if **paper filing**
  31 Mar if **e-filing**
- 31 Jan
  (15 Feb if reporting in Box 8 or 10)
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- [1099-K](https://www.irs.gov/forms-pubs/about-form-1099-k)
- Typically used to report payment transactions.
- Account meets **all** of the following criteria in the last calendar year:
  * Based in the US or US taxpayer
  * Have greater than US$20,000 in total gross volume and 200 transactions in a calendar year*
- 28 Feb if **paper filing**
  31 Mar if **e-filing**
- 31 Jan
\*The 1099-K thresholds for different calendar years are as follows:
* Current and prior to 2024: Greater than US$20,000 in total gross volume and 200 transactions
* 2024: Greater than US$5,000 in total gross volume without a transaction limit
### Penalties
[IRS penalties](https://www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-return-penalties?_ga=1.234758618.574228851.1477328285) ranging from US$60 to US$340 per form may apply for each instance where you:
* Don't file an information return with the IRS by the deadline
* Don't provide the recipient a statement by the deadline
* Don't report a Taxpayer ID (TIN)
* Report an incorrect TIN
* Report incorrect information
* Don't provide the recipient with all required information
* Don't e-file with the IRS when required to e-file
Larger penalties may be enforced where there is evidence of intentional disregard or neglect.
_This article is neither legal advice nor tax advice. We recommend that you speak to your tax adviser with any questions or concerns around tax reporting._