When will I get my 1099K tax form?
Last updated October 15, 2025
If you’ve processed dollars over a certain threshold in 2025, 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 1099K form for 2025 if you processed more than $20K and 200 transactions through Hotplate, or met your state-specific threshold. Lower state-specific thresholds include:
- 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 and payout partner, Stripe. When you get set up with Stripe on the payout tab, start by selecting whether or not you have an EIN, then confirm your business / personal details.
You should receive your 1099K by January 31st, 2026 via email.
- 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.