As a legal tax requirement mandated by the IRS, any Tasker who exceeds $20,000 or completes 200 transactions in the 2022 calendar year will be required to complete taxpayer ID verification with Stripe and the IRS in order to receive their 1099-K form. Payouts will be paused for any Taskers who do not complete this verification.
Here are the key dates for the 1099-K process:
- Verification begins: October 2022
- Verification closes: December 31, 2022
- Physical 1099-Ks are mailed: January 31, 2023
- Digital 1099-Ks are available to download: January 31, 2023