What are 1099 tax forms?
1099 tax forms are federal income tax information forms used to report earnings and proceeds other than wages, salaries and tips (which are reported on the federal W-2 form). The forms are filed with the U.S. Internal Revenue Service (IRS) and, if required, state tax departments.
What is Stripe Express?
Stripe Express is a new way to engage with Bloomerang Payments and Stripe. Stripe Express allows you to track your earnings, manage tax forms, update your business/personal information, and get direct support from Stripe from a web-based portal and app.
How do I download the app?
If you’d like to download the Stripe Express app, you can do so here from:
Do I have to download an app?
Not at all! You can also access Stripe Express in your web browser at connect.stripe.com/app/express.
Which email address does Stripe use to send Stripe Express invitations?
Stripe will use the email information associated with your Bloomerang Payments account to send you an invitation to sign up for Stripe Express.
If you need to change your email because you no longer have access to it, please reach out to Bloomerang support to change your email with Stripe before requesting a new invite from Stripe Support.
Why haven’t I received a Stripe Express invitation?
Please make sure to check your spam/junk mail folder in case your invitation landed there. You may not have received an invitation for other reasons, such as:
You earned less than the threshold for your form type.
Your email address on file is incorrect, missing, or unable to receive email.
Your specific account is unsupported on Stripe Express (in uncommon situations where multiple users are sharing the same account, or the same email address is being used on more than 5 accounts, or your account has been rejected or deleted).
If you haven’t received a Stripe Express invitation by the end of January, please reach out to Bloomerang.
Will I receive a 1099 tax form?
You may receive a 1099 tax form if you meet certain thresholds for the year. The federal thresholds for receiving a 1099 tax form differ per form type: 1099-K. These requirements also recently changed in 2022. Previously, a 1099 was required for any organization that processed more than $20,000 USD AND more than 200 Transactions, to any organization that processed over $600. You can find more information about 1099 requirements and the recent changes at the IRS website.
When will I receive my 1099?
A preview of your 1099 tax form for 2022 will be visible on Stripe Express shortly after January 5, 2022. This will allow you to review your information and make changes as necessary. Bloomerang will file and e-deliver your finalized tax forms to you by January 31, 2023. Below is a general timeline of what to expect this tax season:
Early January - Draft 1099 form available in Stripe Express (note: this 1099 form is not final and the amounts on the form may change)
Month of January - Confirm 1099 details are correct in Stripe Express
End of January - Bloomerang Payments files 1099 with the IRS
January 31 - Filed 1099 form is downloadable via Stripe Express
Post Filing - If needed, request 1099 corrections through Bloomerang Payments
In January, we strongly suggest that you ensure all of your tax filing details and delivery preferences are up to date in Stripe Express. Your name, address and Taxpayer Identification Number (Social Security Number /Employer Identification Number) are of primary importance.
Why is Stripe requesting personal information like my Social Security Number/Employer Identification Number?
Your Taxpayer Identification Number (Social Security Number/Employer Identification Number) is required to get your 1099 tax form properly filed with the IRS.
If you have earned enough to qualify for a 1099 tax form, the IRS requires your full details to be verified ahead of 1099 filing.
We understand you may have concerns about providing your full Social Security Number/Employer Identification Number when first claiming your account, given the sensitivity of this identifier. We take your privacy seriously and have enabled technical solutions to ensure that your personal information is secure.
To learn more, see How does Stripe keep my tax information secure?
How will I know when my 1099 tax form is available?
If you opted in to e-delivery, Stripe will send an email notification about the availability of your 1099 tax form to the email associated with your Stripe Express account. Otherwise, you will receive your 1099 tax form via postal delivery.
How will I receive my 1099 tax form?
After you log in to your Stripe Express account, you will be able to consent to e-delivery of your 1099 tax forms. If you do not consent to e-delivery, you will not be able to view or download your 1099 tax forms in the Stripe Express Tax forms page. If you opted in to e-delivery, your 1099 tax form will be delivered electronically near the end of January.
If you would like to receive a paper copy of your 1099 form, please reach out to your platform for assistance.
My information has changed since I signed up for Bloomerang Payments. How can I edit information?
Your account information can be updated In the Account tab of the Express Dashboard:
Under Stripe Express Account, you can update the email address and phone number used to log in to Stripe Express. Please note that only one contact method can be updated at a time.
Under Language preference, you can choose your preferred language for Stripe Express.
Under Payout and Professional Details, you can update personal and legal entity information and view your bank account or debit card information for payouts. To update your payout details, please reach out to your platform.
Why can I see my earnings from other platforms?
Stripe Express provides a consolidated view of all of your earnings across different platforms. You will be able to see your earnings in one place from other platforms that also use Stripe Express for tax purposes.
If the information on my 1099 tax form is incorrect, who do I ask for updates - Stripe or Bloomerang?
If you need to correct the information on your tax form after it’s been delivered, you can reach out to Bloomerang Support.
We understand the numbers on your form may be a bit confusing. Those numbers may represent your net take home pay, include Stripe fees, or represent total gross volume.
If the numbers seem higher than expected, see “Total Gross Volume” on 1099-K Form to learn more about gross reporting.
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