Did you process enough online payments this tax year to incur requiring a 1099-K?  If so, we'll be in touch - or, reach out to us and we can help.

Typically, the requirement is OVER 200 transactions, AND $20k in payments/transaction volume.  If you didn't do that in the last year, you won't be receiving a 1099-K from us.

To see what you paid in fees last year, head to your Sales Report.  Click on 'Custom' for the date range, then choose the time frame (typically 1/1/xx-12/31/xx).  Then 'export' the report and you'll see the following:

Gross Sales - Your total sales
Processing Fees - Our processors CC fees
Net Settlement - What's been settled into your bank account

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Here's some of the requirements for online businesses accepting payments from the IRS:

https://turbotax.intuit.com/tax-tips/small-business-taxes/what-online-business-owners-should-know-about-irs-form-1099-k/L2tODOz3r

Please contact us here at support@fitli.com if you have questions.

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