In compliance with IRS guidelines, Zenfolio is required to report transactions when the total payout amount exceeds certain thresholds:
- Over $5,000 in 2024
- Over $2,500 in 2025
- Over $600 starting in 2026 and beyond
Previously, the reporting threshold was $20,000 in total payments and at least 200 transactions.
These reporting requirements apply only to payouts made through checks or ACH transfers. If you have received payouts exclusively through PayPal, please contact PayPal directly to inquire about your 1099 form.
Important to keep in mind:
- Zenfolio partners with Stripe to prepare and process 1099 tax forms.
- Eligible Zenfolio users who received at least $5,000 in ACH or check payouts in 2024, will be receiving an email from Stripe by mid-January 2025. Emails will be sent out in phases to Zenfolio users starting in November 2024. The subject line is “Get your Zenfolio 2024 tax forms faster by enabling e-delivery”.
- Starting in November: Stripe will email you to invite you to agree to receive your 1099 tax form electronically via Stripe Expres. We strongly recommend opting into paperless delivery to ensure you receive your 1099 quickly.
- By December 31, 2024: Confirm your tax information (e.g., name, address, and SSN or EIN) is correct via Stripe Express.
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By January 31, 2025:
- Your 1099 tax form will be available to download via Stripe Express if you agree to paperless delivery.
- If you have not agreed to paperless delivery, your 1099 tax form will be mailed to you. Please allow up to 10 business days for mail delivery.
- Zenfolio will file your 1099 tax form with the IRS and relevant state tax authorities.
- April 15, 2025: IRS deadline to file individual tax returns. You’ll need your 1099 tax form to file your taxes.
Frequently Asked Questions
How will tax forms be delivered?
Eligible Zenfolio users who received more than $5,000 in ACH or check payouts in 2024 will be receiving an email asking them to agree to electronic delivery of their 1099 form. The email subject line is “Get your Zenfolio 2024 tax forms faster by enabling e-delivery”. If you do not receive the email invitation before mid-January but received $5,000 or more in ACH or check payouts in 2024,, contact Zenfolio Customer Support by clicking here.
How do I login to my Stripe Express account and update my tax information?
Your Stripe Dashboard is accessible through your Zenfolio account by navigating to your Account > Selling > Payout Profile & Tax Info. After navigating to the Payout Profile & Tax Info page, you can click “Go To Stripe” on the Stripe modal.
Please note: If you don’t consent to e-delivery by mid-January 2025, we’ll automatically mail your 1099 tax form to the address on file, so it’s critical that your information is current, correct, and complete. You can still update your information via Stripe Express after mid-January 2025 and download your 1099 electronically. However, you will not be mailed a new paper copy of your 1099 tax form. |
How do I verify if I have opted in to electronic delivery?
Once logged into your Stripe Dashboard, navigate to your settings by clicking on the user icon in the top right corner of your stripe dashboard and scroll down to the “TAX FORM DELIVERY METHOD” to review your 1099 delivery method.
How can I download my 1099 tax form?
If you agree to paperless delivery, Stripe will email you to let you know when your 1099 tax form is available for download via Stripe Express. If you don’t agree to paperless delivery, Stripe will mail you a paper copy of your 1099 tax form instead. Your 1099 form can be accessed under the “Tax Forms” tab.
I did not receive the invitation email from Stripe.
Zenfolio users who received more than $5,000 in ACH or check payouts in 2024 should receive email invitations from Stripe by mid-January 2025. Emails will be sent out in phases to eligible Zenfolio users starting in November 2024. If you did not receive an invitation from Stripe but believe you should have received one based on your 2024 payouts, please check the following:
- Check your spam and deleted folders. The subject of the email is “Get your Zenfolio 2024 tax forms faster by enabling e-delivery”.
- Confirm whether you received $5,000 or more in ACH or check payouts in 2024.
Important: If you confirmed all of the above, please contact Zenfolio support by clicking here. |
How do I get in touch with Stripe for more help?
If you still need help, please contact Stripe support. We recommend looking through the 1099 tax forms resource pages.
I no longer have access to the phone number I signed up with. How do I login to my Stripe Express account?
If you’ve lost or updated your phone number, you can select the “I no longer have access to this phone number” option to authenticate via email and change your phone number.
Why is Stripe requesting my Social Security number (SSN), Employer Identification Number (EIN), or Individual Taxpayer Identification Number (ITIN)?
Your SSN, EIN, or ITIN is required to file your 1099 tax form with the IRS and relevant state tax authorities.