In the United States, all payment card and third-party payment networks - including Wix Payments - are required to report merchant sales activity for goods and services to the Internal Revenue Service (IRS), as well as the relevant state authorities. This is done using a 1099-K form.
In this article, learn about:
- Qualifying for a 1099-K
- Getting your 1099-K
- Frequently Asked Questions (FAQs)
Requirements to qualify for a 1099-K
Wix Payments will provide you with a 1099-K form if you fulfill the following federal requirements:
- You are, or are presumed to be, a U.S. person
- Your Wix Payments account was opened in the United States
- Your account has processed over 200 transactions that exceed $20,000 USD in total gross payments within a single calendar year
Note: The IRS assesses your online gross payments based on your Tax ID. As such, Wix Payments accounts sharing a single Tax ID are assessed all together.
We will make sure your 1099-K form is filed with the IRS and the relevant state authorities. A copy of the form will be available in your Wix Payments account.
If your gross payments meets the relevant state requirements, we will make sure a copy of your 1099-K is also filed with the state tax authority.
Getting your 1099-K form
If you meet the IRS requirements, we will generate a 1099-K form for you. This form will be a record of your payments processed through Wix Payments for the preceding calendar year.
Depending on your account set-up, you may receive multiple 1099-K forms. To see your total gross payments from Wix Payments for 2023, be sure to review all of the 1099-K forms you receive.
Before you begin: You can expect your document(s) to be made available in the first quarter of 2024.
To access your 1099-K form:
- Log in to your Wix account on desktop.
- Go to Wix Payments Accounts.
- Locate the relevant Wix Payments account.
- Click View.
- Click Settlement Report.
- Click View Tax Documents.
- Click Download PDF next to your 1099-K form.
Have questions about your 1099-K form? Make sure you're logged in from a computer and click below to contact Wix Customer Care. Our experts can help with issues such as:
Let us direct you to the right expert
For further information about the 1099-K form, please visit the Internal Revenue Service. If you are uncertain about your responsibilities, you may wish to consult with an accountant or tax advisor.
FAQs
Click the questions below to learn more about the 1099-K form.
Where can I see my information on a 1099-K form?
When reviewing your 1099-K, the most relevant fields are:
Can I update personal / business information on my 1099-K form?
Among other things, your 1099-K form contains your:
- Name / company name
- Address
- Tax Identification Number (SSN / EIN / ITIN)
- State information
If this information on your form matches your business information for the preceding calendar year, you don't need to do anything.
If you need to update any of this information, contact Wix Customer Care. If an update is made, a new 1099-K form will be generated for you. You will be notified when the new form is ready and available to download.
Note: If your personal / business info is updated, your Wix Payments account needs to be re-verified. You can still accept payments during this time, but your payouts will remain on hold until successful verification.
What should I do if I believe the payments information on my 1099-K form is incorrect?
Wix Payments works with its provider partners to calculate your gross payments according to IRS guidelines. You can verify your payments by reviewing your Wix Payments settlement report and checking it against your 1099-K. If the figures don't match, or if you believe any other information is incorrect, contact Wix Customer Care and we’ll investigate the discrepancy. If an update is required, a new 1099-K form will be generated for you. We’ll send you an email when the new form is ready and available to download.
Does my 1099-K form show information from all my payments in Wix?
If you have a Wix Payments account, are located in the United States, and have met federal thresholds, your 1099-K shows all your gross payments earned through Wix Payments for the preceding calendar year. Note: Manual Payments are not included in your 1099-K form.
If you have additional payment providers - such as PayPal - active in your site, you should receive a separate 1099-K from each of those payment providers, assuming you've met the relevant requirements.
For issues related to providers other than Wix Payments, please contact your payment provider directly.
Why don't I see a 1099-K form in my Wix Payments account?
If you do not see a 1099-K available for download in your Tax Documents page, it is most likely because you did not meet the requirements to qualify for a 1099-K. Note: Wix Payments account owners, Co-Owners, and Payments Admins are eligible to view the 1099-K. Learn more about roles and permissions.
Have the requirements for a 1099-K form changed for this year?
No. The IRS has recently announced a delay in the implementation of the lower threshold that was planned for 2023. This means the requirements and thresholds to receive a 1099-K form remain as they were in 2022. A lowered threshold is planned for 2024.
Which email address should I check for notifications about my 1099-K from Wix Payments?
The email address used to set up your Wix account is the same email we will send updates regarding your 1099-K form. Note: Make sure to check your Spam folder if you’re expecting a notification from Wix Payments and it hasn't arrived yet.
Why did I receive a 1099-K if I did not meet the federal threshold?
The IRS assesses your online gross payments based on your Tax ID. As such, Wix Payments accounts sharing a single Tax ID are considered collectively. Learn how to access all of your 1099-K forms from Wix Payments.
Therefore, while you may receive multiple 1099-Ks that seem to be below the assessment threshold, together they are deemed eligible.
