thread Does Square report my income to IRS if it is less than $5000? in Archived Discussions (Read Only) https://community.squareup.com/t5/Archived-Discussions-Read-Only/Does-Square-report-my-income-to-IRS-if-it-is-less-than-5000/m-p/31938#M59073 <P>Taxes</P> Mon, 27 Feb 2017 19:16:38 GMT Ehill 2017-02-27T19:16:38Z Does Square report my income to IRS if it is less than $5000? https://community.squareup.com/t5/Archived-Discussions-Read-Only/Does-Square-report-my-income-to-IRS-if-it-is-less-than-5000/m-p/31938#M59073 <P>Taxes</P> Mon, 27 Feb 2017 19:16:38 GMT https://community.squareup.com/t5/Archived-Discussions-Read-Only/Does-Square-report-my-income-to-IRS-if-it-is-less-than-5000/m-p/31938#M59073 Ehill 2017-02-27T19:16:38Z Re: Does Square report my income to IRS if it is less than $5000? https://community.squareup.com/t5/Archived-Discussions-Read-Only/Does-Square-report-my-income-to-IRS-if-it-is-less-than-5000/m-p/31949#M59074 <P>No, you must have $20,000 AND 200 transactions to get a 1099k. so you will not get a 1099k, But you will need to report the credit card sales on your taxes. &nbsp;you will need to consult your accountant or tax professional.</P> Mon, 27 Feb 2017 20:32:08 GMT https://community.squareup.com/t5/Archived-Discussions-Read-Only/Does-Square-report-my-income-to-IRS-if-it-is-less-than-5000/m-p/31949#M59074 VanKalkerFarms 2017-02-27T20:32:08Z