Marketplaces like AC55ID are required to send 1099-Ks to merchants when the gross amount of total reportable payments exceeds $600 in a calendar year. This change impacts tax reporting for 2023 and subsequent years. This information must be collected even if you are outside the United States.
But luckily, this process has been made easy for you thanks to AC55ID's partnership with Stripe.
- When you reach the earning threshold, you will receive an invite from Stripe to your email to begin confirming your tax information and setting up E-delivery for your tax form.
- You can find your 1099 tax form in the Tax Forms tab of Stripe Express.
- Filling out your tax form is a short process (usually 10 minutes or less) that the legal owner of the account must complete.
This article is neither legal advice nor tax advice. We recommend you talk to your tax advisor with any questions or concerns about tax reporting. Please do not forward your tax information to AC55ID.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article