Hey @kabebe2007-
Thanks for posting in the Seller Community! ✨
There are a few steps to complete in order to receive a corrected 1099k from Square:
1. Update your business taxpayer information from your Square Dashboard. You'll need to ensure that the system accepts the tax identification number and name combination.
2. After editing your information and clicking Save, the 1099-K form for the current tax year will automatically update. You can confirm this by downloading the form available on that page. If you're getting an error message, please double check with your EIN assignment letter if you're not using your name and SSN.
3. If you still need to correct a form from 2015 or earlier, you'll also need to provide us with a copy of a bank statement which shows deposits from Square to your business during the year(s) that you need corrected (IRS requirement).
You'll want to make sure that your bank statement clearly shows these things:
1. Official bank letterhead with your bank's logo
2. The bank holder's name and address (which needs to match the name on the updated Form 1099-K)
3. The bank account number or the last 3 digits of the account if you're using a credit union
4. Deposits from Square in the same year as your requested 1099-K correction
Once you've located and gotten a digital copy of this statement, just reach out directly so we can get this process started with our Tax Team.
Thanks again!
