Form 1099-K

The IRS requires Payment Settlement Entities, such as Square, to report the payment volume received by U.S. account holders. A Form 1099-K is the information return that is given to the IRS and qualifying customers.

Square is required to issue a Form 1099-K and report to these states when $600 or more is processed in card payments.

You can find the form here: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf

Please submit a ticket with the category "Earnings" for our Accounting team to receive your 1099-K form.

Sources

https://squareup.com/help/us/en/article/5048-1099-k-overview
https://www.irs.gov/businesses/understanding-your-form-1099-k#:~:text=A%20payment%20app%20or%20online%20marketplace%20is%20required%20to%20send,income%20on%20your%20tax%20return.