In compliance with IRS regulation, Stir (along with other payment providers like Venmo for example) are required to report to the IRS the total payment volume received by Stir users whose payments meet or exceed $20,000 and 200 transactions in the 2022 calendar year.
Anyone who receives at least $20k+ and 200 transactions in payments for goods and services through Stir (or any other payment app!) can expect to receive a Form 1099-K.
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Does Stir withhold taxes?