In this article, you will learn how to prepare your service business for the upcoming tax season.
If you run a business in the United States that collects payments using Workiz Pay, you will likely need to report all of that revenue to the US Internal Revenue Service (IRS) and, potentially, local state tax departments. You will report that income by filing a 1099 form with the relevant tax authorities.
If you’re using Workiz Pay, you’ll receive an email invitation from Stripe to access Stripe Express, a third-party online platform that allows you to access your 1099 form from a web-based portal and mobile app. Workiz uses Stripe technology to support Workiz Pay. Stripe is a reputable software company that gives businesses the tools to create online payment platforms.
To prepare for the upcoming tax season, please review the following frequently asked questions:
Frequently asked questions
What are 1099s?
1099 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 US Internal Revenue Service (IRS) and, if required, state tax departments.
Generally, 1099 forms will only be sent to businesses that made 200 or more transactions exceeding an aggregate of $20,000 in revenue over the course of the year. If your state department has a threshold lower than $20,000, you may receive a 1099 form.
How do I download my 1099 form?
You can access your 1099 form through Stripe Express. You will receive an email invitation from Stripe Express to create an account.
By consenting to e-delivery (fastest delivery method), Stripe will send you an email notifying you that your 1099 is available for download on Stripe Express.
If you don’t consent to e-delivery, Stripe will mail you a physical copy of your 1099 form instead.
What is Stripe Express?
Stripe Express is a web-based portal and app that allows you easy access to your 1099 tax forms related to Workiz Pay. It is also available as a mobile app on iOS.
How do I access Stripe Express?
To log into your Stripe Express account, you will need to accept the Stripe Express invitation that will be sent to you via email. If you are having issues logging in after creating an account, please click here.
How do I download the app?
If you’d like to download the Stripe Express mobile app, please select your mobile operating system from the options below:
Android OS (not available)
Why didn’t I receive an email invitation from Stripe?
If you did not receive a Stripe Express invitation but believe you should have received one based on your annual earnings, please verify the following:
Check your spam and deleted folders. The email subject line will be Action required to receive your Workiz tax form.
Confirm that you made 200+ transactions exceeding an aggregate of $20,000 in annual earnings, or that your state tax department has a threshold lower than $20,000 in annual earnings.
If you still believe you should have received a Stripe Express invitation, please wait until January of the upcoming year. Email invitations will be sent out in waves beginning Nov. 31, 2022.
When will I receive my 1099?
Your 1099 tax form will be sent to you by Jan. 31, 2023 (Note: It may take an additional 10 business days for physical copies to be delivered.)
Are there any other important dates I should be aware of?
Starting November 2022: Stripe will email you instructions on how to set up e-delivery and create a Stripe Express account. If you haven’t already, you’ll need to complete these steps to access your 1099 tax form electronically.
By Jan. 31, 2023:
Your 1099 tax form will be available to download through Stripe Express.
Your 1099 tax form will be mailed to you (if you don’t receive an email from Stripe or don’t consent to e-delivery). Please allow up to 10 business days for postal delivery.
Workiz will file your 1099 tax form with the IRS and relevant state tax authorities.
April 15, 2023: The IRS deadline to file taxes. You’ll need your 1099 tax form to file your taxes.
In January, we strongly recommend that you verify your delivery preferences and the following tax filing details are up to date in Stripe Express:
Taxpayer identification number (e.g., social security number, employer identification number
How do I update my tax information?
After receiving access to your Stripe Express account, you will be able to review and update your tax information there.
How do I contact Stripe for support?
Before contacting support, we recommend reviewing the Stripe Express help center relating to 1099 forms.
If you still need help, please contact Stripe support by clicking here.
What if my business is in Canada?
Workiz does not provide any tax documents or tax advice to businesses in Canada. Please consult your local tax authorities for information.
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