Managing your 1099 forms and tax information in Stripe Express is essential for accurate tax reporting. This guide provides an overview of 1099 forms, explains the conditions for their issuance, outlines steps to update your tax information, and addresses common issues.
Stripe issues 1099 forms to report income for tax purposes. These forms are typically provided to individuals or businesses that meet specific reporting thresholds. The type of 1099 form you receive depends on your account setup and the applicable tax regulations.
Conditions for 1099 issuance
You may not see a 1099 form in your Stripe account for the following reasons:
Threshold not met: Stripe only issues a 1099-K if your account meets the federal reporting threshold. Historically, this threshold has been $20,000 in gross volume and 200+ transactions, but it may vary by jurisdiction and over time. If you do not meet the required threshold, a 1099 will not be generated.
Form availability: The 1099 form may not yet be available for the current tax year.
Account verification issues: If your account details require verification, this may delay the issuance of a 1099 form.
Steps to update tax information (e.g., SSN to EIN)
If you need to update your tax information, such as changing the Taxpayer Identification Number (TIN) on your 1099 from your Social Security Number (SSN) to your Employer Identification Number (EIN), follow these steps:
Log in to your Stripe Express account.
Navigate to Settings → Business Type (or Legal Entity).
Change the entity type from Individual to Company and save.
Complete any requested business details, including your EIN, and submit for verification.
Important notes:
Changes are subject to Stripe verification, which typically completes within 24–48 hours.
Once verified, future tax forms will reflect the EIN for a Company entity.
Our team will be able to answer any other questions you may have. Just reply via messenger through the Help channel in your workspace.