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U.S. tax reporting for Connect platforms

Learn how to report the annual payments for your U.S.-based Express and Custom connected accounts.

Stripe Connect allows platforms to provide a seamless, end-to-end payment service for their connected accounts. This service may come with certain responsibilities, including information reporting.

Stripe issues 1099-K forms for your Standard accounts that meet specific criteria. For your Express or Custom connected accounts, consider issuing a Form 1099 to report income and payment transactions. There are several types of 1099 forms.

Stripe recommends that you consult a tax advisor to determine your tax filing and reporting requirements.

1099-NEC

Use the 1099-NEC form to report non-employee compensation.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the U.S. or a U.S. taxpayer
  • More than 600 USD in payments

1099-MISC

Use the 1099-MISC form to report other forms of payments made in the course of your business.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the U.S. or a U.S. taxpayer
  • More than 600 USD in payments or 10 USD in royalties

1099-K

Use the 1099-K form to report payment transactions.

The account must meet all of the following criteria in the previous calendar year:

  • Based in the U.S. or a U.S. taxpayer
  • More than 20,000 USD in gross volume
  • More than 200 transactions

Next steps

  • Get started with the Stripe 1099 tax reporting product
  • Configure your tax form settings
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