If you processed at least $20K with PracticeQ Payments in a year, you will receive a 1099K from Stax.
If you processed less than $20K, you will not receive a 1099K.
1099K forms for the previous year are sent out no later than January 31st.
You may request a digital copy if you do not receive a physical one.
1099K forms will be mailed to the merchant address on file, which is the address you provided when you applied for PracticeQ Payments.
1099K forms will report only the gross receipts of transactions processed. The total does not adjust for refunds, credits, returns, chargebacks, funds held or suspended, mis-keyed amounts, sales tax, or tips. The dollar amount of each transaction is determined on the date of the transaction.
If adjustments are needed to your 1099K, please reach out to us at hello@intakeq.com for a new W9 form.
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