1099 Tax Forms

Disclaimer: If you have questions about your taxes, you should consult with a tax professional.

If you’re in the United States and earned $600 or more in 2022 on Exercise.com, you’ll receive a 1099 form via our partner Stripe.

Please watch for emails from Stripe:

• If eligible, you will receive a Stripe invite after November 27, via email to confirm your account information. Please watch for an email with the subject line “Action required to receive your Exercise.com 2022 tax form”.

What are 1099s?

1099 forms are federal income tax information forms used to report earnings and proceeds other than wages, salaries and tips (which are reported on the federal W-2 form). The forms are filed with the US Internal Revenue Service (IRS) and, if required, state tax departments.

The 1099-K form summarizes the sales activity of your account. It will be provided to you and the IRS, as well as some US states, if you earned more than 600 USD in 2022.

How will tax forms be delivered?

If you earn $600 or more, you will receive an email invitation by end of 2022 (with subject: “Action required to receive your Exercise.com 2022 tax form“) from Stripe to set up a Stripe Express account and get your tax forms.

How do I update my tax information?

You can update your information by visiting your Connected Apps page and clicking the “View Stripe Dashboard” link.

Before the end of 2022. you will also receive an email invitation from Stripe. Once you receive the invite, open the email from Stripe and click on the “Verify Information” button, which will prompt you to create a Stripe Express account. After you create an account, you’ll be able to review your tax information.

How can I download my 1099 tax form?

Once you receive the email invitation from Stripe, open the invite email and click on the “Verify Information” button, which will prompt you to create a Stripe Express account.

We recommend e-delivery (fastest delivery method). Stripe will email you to let you know when your 1099 tax form was available for download via Stripe Express. If you don’t select e-delivery, Stripe will mail you a paper copy of your 1099 tax form instead.

I did not receive the invitation email from Stripe.

If you do not receive an invitation from Stripe but believe you should have received one based on your 2022 earnings, please check the following:

• Check your spam and deleted folders. The subject of the email is Action required to receive your Exercise.com 2022 tax form.
• Confirm whether you earned $600 or more on Exercise.com in 2022. If you earned less than that, you will not receive a 1099 form nor the Stripe invitation.
• Wait until early January 2023. Email invitations will be sent out in waves starting November 28, 2022.

Important: If you confirmed all of the above, please contact support.stripe.com/express from the email account associated with your Exercise.com account.

What is Stripe Express?

Stripe Express is a new way to engage with Exercise.com and Stripe. Stripe Express allows you to track your earnings, manage tax forms, update your business/personal information, and get direct support from Stripe from a web-based portal and app.

Which email address does Stripe use to send Stripe Express invitations?

Stripe uses the email information associated with your Exercise.com account to send you an invitation to sign up for Stripe Express. If you haven’t received that email, contact Stripe Support.

Why haven’t I received a Stripe Express invitation?

Check your spam or junk mail folder in case your invitation landed there.

You might not receive an invitation if Exercise.com doesn’t have your most current email address on file. You need to either update the email address on your account or check your other email addresses for an invitation.

You may not have received an invitation for other reasons, such as:

• You earned less than the threshold for your form type.
• Your email address on file is incorrect, missing, or unable to receive email.
• Your specific account is unsupported on Stripe Express

Will I receive a 1099 form?

If you earned less than 600 USD over the course of the year, you might not receive a 1099 form and one won’t be generated for you unless you meet a threshold in your state. If your state has a filing threshold lower than 600 USD, you might receive a 1099 form.

You can check your state’s requirements here: View 1099 state requirements (US).

When will I receive my 1099?

Your 1099 tax form will be sent to you by January 31, 2023 (note: paper forms delivered by postal delivery might take up to 10 additional business days).

• Starting November 2022: Stripe will email you instructions on how to set up e-delivery and create a Stripe Express account. If you haven’t already, you’ll need to complete these steps to access your 1099 tax form electronically.
• By January 31, 2023:
  • Your 1099 tax form will be available to download through Stripe Express.
  • Your 1099 tax form will be mailed to you if you don’t receive an email from Stripe or don’t consent to e-delivery. Please allow up to 10 business days for postal delivery.
  • Exercise.com will file your 1099 tax form with the IRS and relevant state tax authorities.
• April 15, 2023: IRS deadline to file taxes. You’ll need your 1099 tax form to file your taxes.

In January, we strongly suggest that you ensure all of your tax filing details and delivery preferences are up to date in Stripe Express. Your name, address and Taxpayer Identification Number (Social Security Number /Employer Identification Number) are of primary importance.

Why is Stripe requesting personal information like my Social Security Number?

Your Social Security Number is required to get your 1099 tax form properly filed with the IRS.

If you have earned enough to qualify for a 1099 tax form, the IRS requires your full details to be verified ahead of 1099 filing.

We understand you may have concerns about providing your full Social Security Number/Employer Identification Number when first claiming your account, given the sensitivity of this identifier. We take your privacy seriously and have enabled technical solutions to ensure that your personal information is secure.

How will I know when my 1099 tax form is available?

If you opted in to e-delivery, Stripe will send an email notification about the availability of your 1099 tax form to the email associated with your Stripe Express account.

How will I receive my 1099 tax form?

After you log in to your Stripe Express account, you will be able to consent to e-delivery of your 1099 tax forms. If you do not consent to e-delivery, you will not be able to view or download your 1099 tax forms in the Stripe Express Tax forms page. If you opted in to e-delivery, your 1099 tax form will be delivered electronically near the end of January.

If you would like to receive a paper copy of your 1099 form, please reach out to your platform for assistance.

My information has changed since I signed up for Exercise.com. How can I edit information?

Update your account information in the Account tab:

• Under Stripe Express Account, you can update the email address and phone number used to log in to Stripe Express. Please note that only one contact method can be updated at a time.
• Under Language preference, you can choose your preferred language for Stripe Express.
• Under Payout and Professional Details, you can update personal and legal entity information and view your bank account or debit card information for payouts. To update your payout details, please reach out to your platform.

Why can I see my earnings from other platforms?

One of the features of Stripe Express is a seamless view of all of your earnings across different platforms. You can see your earnings from other platforms that also use Stripe Express for tax purposes in one place.

If the information on my 1099 tax form is incorrect, who do I ask for updates – Stripe or Exercise.com?

If you need to correct the information on your tax form after it’s been delivered, you can reach out to Exercise.com

We understand the numbers on your form might be a bit confusing. Those numbers might represent your net take home pay, include fees, or represent total gross volume.

If the numbers seem higher than expected, see “Total Gross Volume” on 1099-K Form to learn more about gross reporting.

If you’d like to learn more about the particular 1099 form you were issued, please check here: https://stripe.com/docs/connect/tax-reporting