This feature is available on all Goodshuffle Pro Plans.
As a Third-Party Settlement Organization (TPSO), Goodshuffle, Inc. is required by federal law to issue Form 1099-K to vendors who meet certain criteria. We partner with Stripe, our integrated payment processor, to automate and simplify this process for you.
What Is a Form 1099-K?
A Form 1099-K reports the total gross Online Payment volume a business processes via credit and debit cards. If your business meets the IRS thresholds, Stripe will send this form to both you and the IRS.
Note: The information Stripe provides to the IRS only includes payment volume captured within Stripe. Payments captured via ACH or cash/check (AKA 'Offline Payments') will not be included in the volume reported by Stripe.
You can find more information about form 1099-K on Stripe's website (1099-K sections only) or on the IRS’s website.
Who Receives a 1099-K?
You should expect to receive a Form 1099-K if:
You’re based in the U.S. or are a U.S. taxpayer
ANDYou met the following gross volume and transaction count thresholds in the previous calendar year:
Calendar Year | Threshold Criteria |
2025 | Over $20,000 USD in total gross volume and 200 transactions |
2024 | Over $5,000 USD in gross volume (no transaction minimum) |
2023 and earlier | Over $20,000 USD and more than 200 transactions |
Filing requirements for some US states might differ from federal requirements. View the full list of state filing thresholds in this table.
Do I need to do anything?
No action is required on your part.
Stripe automatically determines which accounts meet the IRS requirements. Once Goodshuffle submits the necessary platform details to Stripe, the forms will be automatically generated and mailed to all qualifying vendors.
Need Additional Support?
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