Descripción general de declaración de impuestos de Square y el Formulario 1099-K

Esta guía cubre información sobre la declaración de impuestos de Square y el Formulario 1099-K; incluidos los estándares de calificación, las reglas del IRS y cómo actualizar el N.° de identificación tributaria (EIN) asociado con tu cuenta de Square.

Si no tienes un número de identificación del empleador (EIN, por sus siglas en inglés), puedes solicitarlo con el Asistente de EIN gratuito de Square, que te guía en el proceso de solicitud. Además, puedes solicitar un número de identificación patronal (EIN) ante el IRS.

El IRS exige a las Entidades de compensación de pagos, como Square, que informen del volumen de pagos recibidos por titulares de cuentas estadounidenses. Un Formulario 1099-K es una declaración informativa que se proporciona al IRS y a los clientes que reúnan los requisitos.
Revisa este formulario 1099-K de muestra.

¿Califico para un Formulario 1099-K?

In the United States, the state where your taxpayer information is associated will determine your qualification for a Form 1099-K. In most states, accounts meeting both of the following criteria qualify for a Form 1099-K and must be reported to the IRS by Square:

1. More than $20,000 in gross sales from goods or services in the calendar year

2. AND more than 200 transactions in the calendar year

Square may report, solely within its discretion, on amounts below these thresholds to meet state and other reporting requirements:

District of Columbia

Square is required to issue a Form 1099-K and report to the state when $600 or more is processed in card payments.

Illinois

Square is required to issue a Form 1099-K and report to the state when more than $1,000 is processed in card payments and more than three transactions.

Maryland

Square is required to issue a Form 1099-K and report to the state when $600 or more is processed in card payments.

Massachusetts

Square is required to issue a Form 1099-K and report to the state when $600 or more is processed in card payments.

Missouri

Square is required to issue a Form 1099-K and report to the state when $1,200 or more is processed in card payments.

Vermont

Square is required to issue a Form 1099-K and report to the state when $600 or more is processed in card payments.

Virginia

Square is required to issue a Form 1099-K and report to the state when $600 or more is processed in card payments.

These reporting thresholds are based on the aggregate gross sales volume processed on all accounts using the same Tax Identification Number (TIN). If you have multiple accounts that use the same TIN, we will aggregate the volume for all accounts to see if you qualify for a Form 1099-K.

Learn how to actualizar el número de identificación fiscal associated with your account.

For every account that meets the Form 1099-K requirements, including non-profits, the IRS requires Square to report this information. According to the IRS, gross income is defined as all facets of income an individual has received throughout the calendar year.

Where can I locate my Form 1099-K?

If you qualify, you can descargue su(s) Formulario(s) 1099-K desde la pestaña Formulario de impuestos de su Panel de Datos Square.

Don’t see a Form 1099-K for the current tax year?

If you did not qualify to receive a Form 1099-K from Square, you can calcular su informe de ventas de cierre del año y consultar sus comisiones from your Panel de Datos Square en línea. You can even exportar su información de ventas e informes to give to your accountant or tax professional.

Where can I view my fees?

To view the fees you paid for credit card processing with Square in a given time period:

1. Go to Reporting > Informes on your online Square Dashboard.

2. Under Sales Summary, click the date-selector tool to view a specific timeframe. Note: Click the middle of the date-selector to see a full calendar view.

3. You’ll see Fees listed near the bottom of the report.

To save your report as a CSV or spreadsheet, click Export on the top right.

How do I submit my Form 1099-K?

Square is required by law to furnish a copy of the form(s) presented on your Panel de Datos Square en línea for the applicable tax year. You should seek the advice of a tax professional with regard to questions about how to file your taxes, Square cannot provide tax advice.

Read more about making sure that your la información del contribuyente es correcta y está actualizada.