👋 Hi sellers! We want to make sure you're prepared for tax season in the US and you have everything you need from Square to file your return. Let’s go over some information that will be helpful.
What is a Form 1099-K?
The IRS requires Payment Settlement Entities (PSEs), such as Square, to report the payment volume received by U.S. account holders. A Form 1099-K is the information return that is given to the IRS for qualifying customers.
➡️ Click here to review frequently asked questions about form 1099-K ⬅️
Do I qualify for a Form 1099-K?
Square will provide a Form 1099-K for you if you meet the criteria in the table below:
| Tax year |
Year form available |
Federal reporting threshold |
| 2025 |
2026 |
$20,000 gross sales from goods and services and more than 200 card transactions. |
How do I download my Form 1099-K?
If you qualify for a Form 1099-K you'll see a link to download your Form 1099-K on the Tax Forms tab of your Square Dashboard:
- Sign in to your online Square Dashboard.
- Navigate to Settings > select Account & Settings.
- Click Business information > then click Tax forms.
Forms will be available by January 31st, 2026.
Where can I view my fees?
Learn how to view your fees from your online Square Dashboard.
If you don't qualify for a Form 1099-K, you can calculate your year-end sales report (including fee information) from the Sales Summary tab of your Square Dashboard. Your tax professional may need this information to complete your tax forms.
When will my Form 1099-K be available?
Forms will be available to download from your Square Dashboard by January 31st, 2026.
What if I have multiple Square accounts?
Our reporting threshold is based on the aggregate gross sales volume processed on all accounts that use the same EIN or SSN. If you have multiple accounts that use the same SSN or EIN, we will aggregate volume for all accounts and issue a 1099-K if you meet the threshold.
How do I update my tax reporting information or add an EIN to my account?
You can review and update your taxpayer information (legal name and EIN) from your Square Dashboard. Learn how to update your Form 1099-K for a prior year.
How do I get an EIN?
An Employer Identification Number (EIN) is a federal tax identification number used by the IRS to identify your business for tax purposes. You can apply for an EIN online on irs.gov. Learn more about how to get an EIN.
What is a TIN?
A taxpayer identification number is an identification number used by the IRS for tax purposes. A TIN is typically an SSN (for individuals) or it can be an EIN (for businesses). Visit Square’s Support Center for the steps to update your taxpayer identification number.
Corrected forms: Can I receive a blank/0 1099-K form?
Square cannot issue a Form 1099-K with a zero dollar amount. A corrected form can be used to inform the IRS that the amount originally reported under the previous TIN should be updated and associated with the new TIN. Square will file the corrected form with the IRS during our next filing cycle, which occurs 3-4 times a year. Contact the IRS to work directly with them to ensure the businesses’ sales are not reported under the previous TIN.
What is ‘Block, Inc.’?
In 2021 Square announced it was changing its name to Block. Your Form 1099-K will list ‘Block, Inc. f/k/a Square, Inc.’ as the FILER. The name ‘Block, Inc.’ will also appear under the PSE’s (Payment Settlement Entity) name and telephone number.
Are cash sales included in the reporting threshold?
Cash sales are not included in the total we report on the Form 1099-K.
I use the Cash App for my business, will I receive a 1099-K?
If you have the Cash App for Business and meet the reporting threshold you will receive a 1099-K. To learn more about Cash for Business tax reporting and the Form 1099-K read Tax reporting with Cash for business.
Additional Resources
If you have any questions, feel free to respond here with a comment and someone from the Square team will get back to you. 😊
