When will I get my 1099 tax form?
Last updated January 29, 2025
If you’ve processed dollars over a certain threshold in 2024, you will receive a form 1099K from Hotplate. This is essentially a summary of all the payments you processed through your Hotplate storefront.
In accordance with the IRS, you will only receive a form 1099K if you processed more than $5000 in transactions through Hotplate. Certain states also have lower thresholds, including:
- Maryland (MD): ≥ $600
- Massachusetts (MA): ≥ $600
- Vermont (VT): ≥ $600
- Virginia (VA): ≥ $600
- Illinois (IL): > $1,000 and 4+ separate transactions
Your tax information will be collected through our secure payment partner, Routable. Look out for an email from Routable asking you to confirm your personal information (Form W9). After that is submitted, you should receive an emailed 1099K by January 31st.
- Please note that if you submit your tax information in the last week of January, you are likely to get a delayed 1099K in early February.
If you have any issues or questions, email us at support@hotplate.com and we’ll be happy to help! Please remember that our team can help with technical questions, but you should consult your accountant for any tax related questions.