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If we use this service strictly to collect payment for dues and fundraising, are we still required to fill out the 1099-K tax form?
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Accounting and Finance
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1 REPLY 1
Hi! To qualify for a 1099-K through Square you must meet both of these requirements:
- More than $20,000 in gross sales from goods or services in the calendar year
- AND more than 200 transactions in the calendar year
I found some more information here.
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