Get started with tax reporting

Stripe provides capabilities and a tax reporting dashboard to help platforms meet their tax reporting obligations.

Log in to your Stripe account and use the Tax forms view in the Dashboard to create, modify, file, and deliver 1099 tax forms for your connected accounts. If you use a team, only team members with the Tax Analyst or Administrator user role can access all tax-related features.

Set tax form default settings

To configure the settings for tax forms in your account you must log in as the account owner. If you use a team, any user that has the Administrator user role for your account can configure settings. To get started with generating your tax forms for 2022, open the Tax forms page of the Dashboard, and then click Get started.

Confirm the business information that displays as the Payer details on all of your tax forms. Make any necessary changes, then click Continue.

Next, choose the default tax form to generate for your connected accounts, the calculation method to use for your tax form totals, the type of filer for your business, and the kind of transactions you process. We recommend that you use a tax advisor to determine which options are right for your business. You can change almost all tax form settings at any time for the forms that you haven’t filed.

Select a form type

Select tax calculation

Select type of filer

Select types of transactions processed

Next, Stripe automatically detects your state filing obligations and prompts you to add State Tax IDs where required by state tax authorities. You can enter these at any time in the future through tax form settings.

The next step involves choosing your delivery preferences to meet IRS obligations around delivering 1099 forms to payees. We offer two forms of delivery:

• E-delivery through Stripe Express: Owners of eligible Express accounts receive an electronic copy of the 1099 form through the Stripe Express App. Stripe sends an email invite to the connected account owners to confirm their tax details, collect their consent, and provide access to the electronic copy of the form. Read more about how e-delivery works.

• Paper delivery through postal mail: Stripe delivers the 1099 forms to the owners of eligible connected accounts through postal mail based on the address on the tax form. If e-delivery is enabled, but the connected account has not provided e-delivery consent at the time of filing, we fall back on postal delivery to meet IRS obligations.

As a final step, you can view a summary of your tax form settings to confirm your choices. After you confirm your settings, the tax forms dashboard opens, where you can view all of your tax forms for 2022.

View and filter tax forms

You can view all of the tax forms for your connected account using the Tax forms dashboard. Click the appropriate tab to filter the forms displayed. To display the State filing status, Federal filing status, or Delivery filing status instead of Overall filing status, click the gear icon to the right of the column heading and select the status to display.

You can apply any of the existing filters to limit the results to only those records that match the filter criteria. For example, to display only records for a specific payee, choose the Payee name filter and then enter all or part of a name to match. The records displayed include only the records for payees with Payee names that match the string you used for the filter.

You can use the following filters to display tax forms:

Understand tax form status

Stripe automatically calculates the overall status for each tax form, and allows you to apply filing requirements for each form as appropriate. The filing requirement appears as a visual indicator in the tax form status. You can view the status for both State and Federal tax forms.

Understand tax form TIN status

Platforms need valid TINs on the tax forms to ensure that the IRS and/or state accepts the forms, and Stripe displays the status of the TIN in the Tax Form Editor as follows:

Understand tax form delivery status

Stripe sends your tax forms using the delivery method you set for your account, either mail or e-delivery. The Tax forms page shows the delivery status for your tax forms. The following table describes each possible delivery status.

Updating tax forms

You can Update 1099 tax forms for the current year and choose whether or not to include tax identification numbers (TIN).