1099-K Tax Reporting Information

1099-K Tax Reporting Information

Learn about taxpayer information, qualifying and viewing your Form 1099-K, and general tax reporting procedures with Square.

Verify or Update Your Tax Reporting Information

To ensure accurate tax reporting for you or your business, and to prevent any possible IRS withholding, it is very important that you update your Square account to match IRS records.

You can review or update the taxpayer identification information in your Epos system such as our business name, and any other business tax information you provided to Square at any time, directly from your online Square Dashboard.

Learn how to update your taxpayer identification information.

View Your 1099-K

To access your 1099-K online:

    Log in to the Business page of your online Square Dashboard.

    If you qualify for a 1099-k, you’ll be able to download a PDF of your 1099-K form and, if necessary, update your tax information directly from the Tax Forms tab.

Download Your 1099-K

If you do not see a form available for download on the Tax Forms tab, it is most likely because you did not qualify to receive one based on your account activity. Forms for each tax year will be made available on your Square Dashboard by January 31st of the following year. If you don’t qualify for a Form 1099-K, you can still review your yearly sales summary and card processing fees from your online Square Dashboard.

If after January 31st your online Square Dashboard does not show a 1099-K form and you qualify for one, contact us.

How do I update my account so it’s reported under my business name and EIN?

To receive an updated 1099-K form, update your business taxpayer information by heading to your Square Dashboard. For the current fiscal year, after editing your information and clicking Save, the 1099-K form should automatically update. Download your 1099-K to confirm your information has updated.

Learn more about updating your Taxpayer Identification Number with Square.

Is my EIN currently linked to my Square account?

For security purposes, we do not have access to your taxpayer information. If you are unsure whether you linked your EIN when you created your Square account, confirm your business tax information.