Ensure each connected account has required tax information: for US accounts, collect SSN or EIN via the individual.id_number or company.tax_id fields on the account.
At year-end, use the Stripe Tax Reporting API or Stripe Dashboard to view connected accounts that meet 1099-K thresholds (varies by state — federally $600 for 2024+ after IRS rulemaking).
Retrieve tax form objects via the Stripe API (GET /v1/tax/forms) to programmatically access generated forms for accounts above thresholds.
Stripe files 1099-Ks with the IRS and mails copies to connected accounts automatically if Express or Custom accounts; verify your Connect configuration controls responsibility for filing.
For Custom accounts where the platform is responsible for filing, download the form data and submit via your tax filing provider or the IRS FIRE system.
Respond to connected account inquiries by surfacing the delivered 1099-K data via your platform dashboard.
Known gotchas
Tax form thresholds changed significantly under recent IRS rulemaking; verify the applicable threshold for the tax year before determining which accounts need forms.
Stripe only generates forms for US connected accounts on the platform — non-US accounts have different reporting obligations outside Stripe's automated flow.
Platform liability for filing depends on your Connect configuration; Custom account platforms are typically responsible — confirm your agreement with Stripe.
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