Overview
Elation customers using the Stripe Integration to collect patient payments will automatically receive a 1099 tax form from Stripe via email by January 31st each year for the previous tax year. The 1099 will be sent to the email address associated with the Stripe account. To ensure you receive an accurate 1099, review your Stripe account details by December 15th and update your account details as necessary.
To review Stripe account details:
Whenever you update your business details in Stripe, email a copy of the updated W9 to Elation via the Contact Support form so we can update the 1099 filed on your behalf.
Who issues the 1099?
Stripe issues the 1099 tax form for payments collected through Elation Patient Payments—not Elation. Stripe is the payment processor and is responsible for tax reporting on funds paid out to your practice.
When will I receive my 1099?
Stripe sends 1099 tax forms via email by January 31st each year for the previous tax year. The 1099 is sent to the email address associated with your Stripe account.
Where can I find my 1099?
Why might I not receive a 1099?
Stripe follows IRS reporting thresholds for issuing 1099-K forms. If your practice’s total payment volume through Stripe did not meet the IRS threshold for the tax year, Stripe may not issue a 1099. Contact Stripe directly to confirm your eligibility and threshold status.
Frequently Asked Questions
Stripe—not Elation—issues 1099 tax forms for Patient Payments. If you did not receive a 1099:
I received a 1099 but it has my name on it instead of my business name. How do I correct this?
The 1099 is tied to the account type you selected when registering for a Stripe account through Elation. If the name on the 1099 is inaccurate, follow the instructions below to update your Stripe account type.
How do I update my Stripe account type to a Business or Non-profit entity?
To update your Stripe account type to Business or Non-profit, you must reach out to Stripe using the following instructions:
I received a 1099 but it has my social security number instead of my EIN. How do I correct this?
The 1099 is tied to the information you entered in your account when registering for a Stripe account through Elation. If any details on the account are inaccurate, follow the instructions below to update your Stripe account details.
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