Filing 1099 Nec and K each year in stripe

This will show how to set up and record all 1099’s in stripe every January

 Instructions

These are instructions and here is the stripe help page to reference https://docs.stripe.com/connect/modify-tax-forms?method=csv#change-the-type-of-1099-form

1. Go https://dashboard.stripe.com/connect/taxes/forms/1099kdraft_1QYb4DEg2aESi8KNyAwAsb6J

2. You will have to go through multiple steps, which I did and lost the confluence article so make better notes next year

   1. Select that we are doing 1099k

   2. We are not a processer but a distributor

   3. there are more

3. Once you get done getting everything ready before you file get a dev to run a csv list of all driver and restaurant accounts or non-MAIN CLIENTS

   1. here is the sheet from 2024 https://docs.google.com/spreadsheets/d/1vYMgz62rkeurpipG4onXMYB3lErKsz4u6GvH_W0TN6Y/edit?gid=2090622934#gid=2090622934

   2. You will need to copy and edit

      1. Leave account numbers but change header to stripe_account_id

      2. Then add column b as form_type header and nec under all

      3. final result https://docs.google.com/spreadsheets/d/1_Trd2WnCVHjJG5H5angmFJnp7eKAXPLJK3tL57t6g_o/edit?gid=2090622934#gid=2090622934

4. Go to stripe to change from 1099 to nec (https://docs.stripe.com/connect/modify-tax-forms?method=csv#change-the-type-of-1099-form )

   1. https://dashboard.stripe.com/connect/taxes/forms/1099kdraft_1QYb4DEg2aESi8KNyAwAsb6J

   2. Find example accounts that need to change like a driver and resto then also find a main account that should remain. so you can spot check after

   3. Click Import

   4. Select k

   5. Select Update

   6. Then upload the test file for testing make sure all works then do the main file

5. Wait a few hours then check that all worked using ai

6. Once complete assign this to a dev https://deliverlogic.atlassian.net/wiki/spaces/DG/pages/2383937537 to display on RDSLOGIC backend.

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