Form 1099 is a series of IRS tax forms used to report income received by individuals aside from conventional wages, salaries, or tips. There are various types of Form 1099, each intended for specific income categories. HoneyBook will issue both 1099-K and 1099-NEC forms to individuals who meet the thresholds outlined below.

Form 1099-K is issued to taxpayers to report credit and debit card transactions, as well as third-party network payments. It shows the total gross amount of all reportable payment transactions within a calendar year.

This gross amount does not account for credits, discounts, fees, refunds, or any other adjustments. Consult a tax advisor for guidance on how to use the information from your 1099-K when filing your taxes.

Form 1099-NEC reports non-employee compensation. Payments of $600 or more made to non-employees within a calendar year must be reported on this form.

As HoneyBook members are non-employees, referral payments will be included on the 1099-NEC.

If you received a 1099, you met a US minimum income threshold for payments received through HoneyBook (1099-K) or referral bonuses paid (1099-NEC). Here are the thresholds:

You will be asked for your name or business name, TIN (tax identification number) and address. If you are:

In 2023 and years prior, 1099-K forms were only required by the IRS for those who processed over $20,000 in payments AND more than 200 transactions.

HoneyBook will file this form on your behalf to the IRS on January 31st, 2025. The form can be downloaded in HoneyBook, and you will need this form to file your 2024 income taxes.

HoneyBook will be delivering the forms electronically from within HoneyBook, you'll receive an email In early January 2025 once it is ready for download. If you wish to have a paper copy mailed to you, you will be able to request that once the form becomes available in January 2025.

Reach out to HoneyBook's support team to make any edits to your Form 1099! Once the change is made, you can retrieve the newly generated form.

The information on the form comes directly from HoneyBook's payment processor, Stripe, and can be cross-referenced with your payments report. To do this, select Finance > select Reports from the top navigation menu, then select Download Reports. Set the date range for 2024 and download the Payments Completed report.

The form does not include refunds, credits, or discounts and reflects only the gross amount processed through HoneyBook, excluding anything marked as paid or processed outside of HoneyBook.

If you find any discrepancies between your report and the form, contact support by clicking the Question Mark icon on any HoneyBook page.

If you are Canadian, you will not receive a 1099 from HoneyBook. This is because the 1099 is a document required by the United States IRS and Canada doesn't have an equivalent rule on tax reporting to what the 1099 provides. Additionally, HoneyBook doesn't report data to the CRA.