Table of Contents
What is a 1099-K?
A 1099-K is a U.S. government information 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. 1099-K forms are only issued for the amounts processed through Jobber Payments. Any payments collected outside of Jobber Payments (such as checks or cash payments) are not included.
To qualify for a 1099-K for the 2022 tax year and beyond, you must meet certain requirements in the previous calendar year:
- More than $600 USD in gross payments volume; AND
- Account is based in the United States (account owners do not need to be US citizens) or the non-US account is for a US taxpayer
Please note that these requirements have changed since 2021. For the 2021 tax year, the requirements were:
- More than $20,000 USD in gross payments volume; AND
- More than 200 charges; AND
- Account is based in the United States (account owners do not need to be US citizens) or the non-US account is for a US taxpayer
Note: 1099-K forms are issued from OctopusApp, rather than Jobber. This is still us! OctopusApp was Jobber's original name and how we're registered as a business. However, these days you might know us as "Jobber".
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 issues@getjobber.com.
If you do not get the form by February 15th, please let our support team know by email at support@getjobber.com or call 1-888-721-1115.
How is Total Gross Volume calculated?
Total Gross Volume is calculated by totaling 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 > Jobber Payments > Jobber Payment Transaction List.
Note: Your 1099-K form is based on the date payments are paid out to your bank account, rather than the date the transaction was processed. This means that if you were to receive a payment from your client on January 31, but the payout was sent to your bank account two business days later on February 2, that transaction would be lumped into February. This applies to transactions in the previous year as well.
Deductions
Your tax preparer may ask about potential deductions for fees, refunds, and other adjustments. You can find more information by going to Reports > Jobber Payments > Jobber Payment Transaction List report and the Jobber Payments Payouts report: