Form 1099-K is automatically sent if you have a WePay or Stripe account. This is required by the IRS.
In 2024, you may be receiving two 1099-K forms, as ActivityHero switched from WePay to Stripe as the payment processor in August 2024.
WePay sends the 1099-K by mail. If you have not received this in the mail by early February, you can contact WePay Support.
Stripe will have the 1099 tax form under the Tax Forms link by January 31. Stripe will also mail the form unless you opt for paperless delivery.
Additional information about the WePay 1099-K:
The amount reported in the WePay 1099-K is the gross amount of credit card transactions. The amount that was deposited to you is lower due to deductions from credit card refunds (if any), credit card fees, and ActivityHero fees.
Most businesses typically deduct refunds from their income and categorize credit card and other fees as expenses.
You will find a summary of refunds and fees paid in a report called "Credit Card Transaction Summary" in the ActivityHero Dashboard (go to Registration Reports, then choose Annual Report).
The amount "credit card & fees deducted" is the amount deducted from your registration payments made by credit card. The amount you received from registrations should be (credit card transactions) - (refunds) - (credit card & fees deducted).
The "Other ActivityHero Fees" amount includes fees that were paid directly to ActivityHero, such as setup fees and boost fees.
Additional information about the Stripe 1099-K:
If you had over $5,000 in payments between August 2024 and December 2024, you were sent an email from Stripe with the subject "Your ActivityHero 1099 tax form is ready". This email has a button to View 1099 Tax Form.
When you click the button, you are directed to log in to your Stripe account and then you will see a screen like this:
Click on the Agree to e-delivery button to see the next screen. This is a list of disclosures.
After you click Agree, you will be able to choose paperless delivery, which allows you to view the 1099 form online, or you can choose to also be mailed a copy of the 1099 form.
Please choose the mailed copy only if it is needed. Stripe charges the platform (ActivityHero) a fee for mailed forms, and opting into paperless delivery will reduce waste and fees.
After you make your selection, you will be able to click the View Form link to see your actual 1099-K.
The amount reported in the Stripe 1099-K is the net amount of credit card transactions after deducting credit card refunds (if any), credit card fees, and ActivityHero fees. This should match the deposits you received from Stripe in 2024. However, there may be variances if the registration was in 2024, but the deposit wasn't until 2025. The way that Stripe reports the amounts is different than WePay's method. Please review this section carefully and send it to your accountant to recognize your revenue and expenses properly.
What if I didn't receive a 1099-K?
If you do not have a WePay or Stripe account and you received payments from ActivityHero, you will not be sent a 1099-K form. Please use the Payment Reports to see your total revenue.
If you have a WePay or Stripe account and your payments were less than $5,000 in 2024, a 1099-K is not required to be issued by the payment platform. You can use the Payment Report in ActivityHero to see your total revenue.