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What is a 1099-K?
The IRS requires that Jobber provide a form called a 1099-K yearly for each Jobber Payments account that meets both criteria in the previous calendar year:
- More than $20,000 USD in total gross volume; AND
- More than 200 charges
The 1099-K is an informational form that summarizes the sales activity of your Jobber Payments account and is designed to help you in reporting your taxes. It is provided to you and the IRS, as well as some states.
If your reporting information is associated with Massachusetts or Vermont, we are required to issue a Form 1099-K and report to your state when you process $600 or more.
How can I get my 1099-K?
If your account met the above criteria, you will receive this form in the mail. The forms will be sent out at the end of January to the address information that you’ve provided when you signed up for Jobber Payments. If you need to change the information that we have on file for your Jobber Payments account, please reach out to email@example.com.
If you do not get the form by February 15th, please let our support team know by email at firstname.lastname@example.org or call 1-888-721-1115.
How is Total Gross Volume calculated?
Total Gross Volume is calculated by totalling all of your charges through Jobber Payments for the year. The Total Gross Volume calculation does not deduct fees, refunds, or any other adjustments.
To find the amount that you have processed with Jobber payments, you can go into the Reports section > Jobber Payments > Jobber Payment Transaction List.
Your tax preparer may ask about about potential deductions for fees, refunds, and other adjustments. You can find more information in the Reports section > Jobber Payments > Jobber Payment Transaction List report and the Jobber Payments Payouts report: