thread Re: How do i stop square from reporting cash sales in Archived Discussions (Read Only)

How do i stop square from reporting cash sales

rjdavis61 — Mon, 13 Mar 2017 13:29:24 GMT

I count and report my cash sales via other means. How do i stop square from reporting my cash sales. I dont mind them being counted for report however I report them to irs via other means and dont want them included in my end of year report of sales.

Re: How do i stop square from reporting cash sales

EJ_ — Mon, 13 Mar 2017 17:21:21 GMT

Hi there,

Tax law requires that Square provide account holders who process over $20,000 and over 200 credit card payments with a 1099-K before January 31st of the following year.

Cash and Other Tender payments are not included in the total we report on the 1099-K forms, so you should be good to go 🙂 .

Re: How do i stop square from reporting cash sales

kboyette — Wed, 24 Oct 2018 18:06:59 GMT

I called Square customer support and was told that all sales over 20,000 are reported on the 1099-K to the IRS whether it be cash or card.

Re: How do i stop square from reporting cash sales

Chad — Fri, 26 Oct 2018 00:56:11 GMT

Hello @kboyette!

I'm really sorry about this, but the advocate you spoke to provided incorrect information. Cash sales are not included in your 1099-K. We have an article titled 1099-K Tax Reporting Information that outlines this.

I'll follow up with the advocate you spoke to, so this doesn't happen again.