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Form 1099-K for tax reporting

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What is a Form 1099-K?

Form 1099-K is a report of payments you received for goods and services during the year from credit cards, debit cards, gift cards, payment apps, and online marketplaces. Your merchant account provider is required to submit a 1099-K to the IRS and to you. 

This form helps the IRS ensure businesses are accurately reporting their income. It will also help you with reporting your taxable income when you file your return.

All gross amounts listed are the total dollar amount of reportable payments within the calendar year based on the date of the payment. Credits, refunds, chargebacks, and processing fees are not included. 

Your Form 1099-K for the tax year should be available for download in the Merchant Portal no later than January 31st of the following year. 

Download the Form 1099-K for your business

  1. If you are on desktop, go to the left sidebar. If you are in the mobile app or in a web browser on a mobile device, go to the hamburger menu in the upper left corner.
  2. Click on Merchant Portal.
  3. A new window will open with the login page for your merchant account. Enter your merchant portal username and password. This is different than the primary login you use to access Project 2 Payment. (See The Merchant Portal requires its own username and password for more information)
  4. Click Log In.
  5. Go to Reports in the left sidebar.
  6. Look at the headings in the top row and click on Tax Documents.
  7. The most recent tax year is selected by default. If you need an older report, use the dropdown menu to select another year.
  8. Click PDF to request the download.
  9. Go to the default downloads location on your device to retrieve the copy of your form.

Review your form for accuracy

Please review your form carefully for accuracy as this form impacts tax reporting for your business. 

  • The Payee Name on the form is the legal name for your business. It must match the legal business name reported on all legal documents.
  • For your protection, your tax ID (TIN) is truncated on this form. Make sure the last 4 digits match the tax ID associated with the Payee's Name.  
  • Confirm the gross amount is accurate. Check reported amounts against your receipts, reports, and monthly statements. All gross amounts listed are the total dollar amount of reportable payments. Credits, refunds, chargebacks, and processing fees are not included. 

If the form contains incorrect information or errors, please contact us right away to request a corrected form.