1099-K form guidelines 🏦
Givebutter issues 1099-K forms in accordance with applicable laws and regulations. If you are subject to receiving a 1099-K, you will receive it in February following the close of the previous fiscal tax year from Stripe, our payout partner.
The IRS requires 1099-K forms to be filed if the gross amount of total reportable payments exceeds $5,000 and there are more than 0 transactions in a calendar year.
Filing requirements for some states might differ from federal requirements. Please consult with your CPA or accountant regarding your specific situation.
As a rule of thumb, donations are tax-deductible if the campaign's beneficiary has registered nonprofit (tax-exempt) status with the IRS. Givebutter defines the “beneficiary” as the final recipient of any funds raised. Tips to Givebutter are not tax-deductible.
You can read more about 1099-K forms on the IRS website. We're unable to give specific tax advice and always recommend consulting a tax professional regarding current tax regulations.
Incorrect entity designations 🔄
If your 1099-K was issued for an individual, but your organization is a business or nonprofit with an EIN, you will need to request an account type change from our support team. After your account type is updated, we can issue an updated 1099.
Receipts for tax purposes 🧾
If you are a donor and need a receipt or end-of-year giving statement for tax purposes, please reach out to the organization you donated to. Please note that Tips to Givebutter are not tax-deductible.
If you are an account admin, please see our resources on this topic: