x
Your opinion in 1 minute.
Help us improve by answering 4 quick questions.
Take Survey Now
18.191.234.62
18.191.234.62
Start Thread
Can't find what you're searching for? Start Thread
Ehill
‎02-27-2017 11:16 AM

Does Square report my income to IRS if it is less than $5000?

Taxes

Reply
0 Likes
5,099 Views
Message 1 of 2
Report
1 REPLY 1
VanKalkerFarms
Super Seller
‎02-27-2017 12:32 PM

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.  you will need to consult your accountant or tax professional.

Bob Van Kalker
My Van Kalker Farms Garden Center website
My Rise'n Roll Bakery Schererville Indiana Facebook Page
My Rise'n Roll Bakery Cedar Lake Facebook Page
Reply
5,089 Views
Message 2 of 2
Report
Anonymous
© 2022 Square, Inc.