To learn more about tax forms, go to the IRS website.
In the US, Adyen is required to file a 1099-K tax form with the Internal Revenue Service (IRS) for any US-based user to which Adyen pays out directly. Some states require filing of 1099-K forms as well.
For 2023, Adyen is required to file 1099-K forms for all US-based users with a gross processed volume at or above the federal threshold of USD 20,000 per calendar year with a minimum of 200 transactions. At state level thresholds can vary depending on the state.
Adyen follows the IRS requirements for reporting gross processed volume prior to deduction of fees, chargebacks, and refunds.
Transactions with splits.type TopUp do not count towards your users' total processed volume. These transactions are not included in their 1099-K tax forms.
Retrieve tax forms for your users
Adyen makes tax forms available the third week of January for the previous tax year. For example, 1099-K forms for 2023 are available in January 2024. When the tax forms have become available, you can retrieve them using your Balance Platform Customer Area or API calls, and distribute them in PDF format to your users.
Adyen only generates a 1099-K tax form for user accounts that meet the volume or transaction threshold. If your user does not meet the threshold, no tax form is available.
To be able to download tax forms, you must have the following role:
- Download Tax Form
To download a tax form for a user:
- In your Balance Platform Customer Area, go to Accounts & balances > Account holders.
- Select an Account holder ID from your list of account holders.
- On the Overview tab, under Account overview, select Download tax form.
