{"title":"Register consent for paperless delivery of tax forms (US only)","category":"default","creationDate":1776961627,"content":"

In the United States (US), Adyen is required to file a 1099-K<\/strong> tax form with the Internal Revenue Service (IRS) for any US-based user to which Adyen pays out directly. This filing process also includes printing and mailing the tax form to each legal entity associated with the users in your balance platform. The form is mailed to the address registered with Adyen for each legal entity. <\/p>\n

If you want to save on the cost of having tax forms printed and mailed to your users through Adyen, you must gather your users' express consent to receive the forms in electronic format only, and register that consent with Adyen. <\/p>\n

If users agreed to receive their 1099-K tax forms in electronic format only, your marketplace is responsible for providing electronic delivery<\/a> of, and access to, 1099-K tax form(s). <\/p>\n

Requirements<\/h2>\n\n\n\n\n\n\n\n
Requirement<\/th>\nDescription<\/th>\n<\/tr>\n<\/thead>\n
Integration type<\/strong><\/td>\nYou must have an Adyen for Platforms marketplace integration to use this feature.<\/td>\n<\/tr>\n
API credentials<\/a><\/strong><\/td>\nMake sure that you have the following API credential(s)
  • LEM API key<\/li><\/ul><\/td>\n<\/tr>\n
Webhooks<\/a><\/strong><\/td>\nNo webhook is needed for the API endpoints described on this page.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Meeting Adyen (and IRS) electronic delivery requirements<\/h2>\n

When implementing this feature, consider the following:<\/p>\n