Tax Details and Form 1099-K (US event creators)

1. What is a 1099-K?
2. Who is required to submit the form?
3. What information do I need to provide to TicketSource?
4. Is my information safe?
5. What happens if I don’t provide this information?
6. How are gross annual sales calculated for the Form 1099-K?
7. When will I receive the 1099-K?
8. I have more than one TicketSource account
9. I have integrated Stripe into my TicketSource account. Will I receive a Form 1099-K from TicketSource?
10. I am not a U.S. person. Does the Form 1099-K apply to me?
11. We are a Non-Profit Organisation. Does the Form 1099-K apply to us?

1. What is a 1099-K?

Form 1099-K is an IRS information reporting form.  It contains information for your tax return which includes the gross amount of transactions processed on your behalf by TicketSource.  TicketSource is required to provide a copy of the form to you and submit a copy to the IRS and your state if this is a requirement of the state.

2. Who is required to submit the form?

Event creators utilising TicketSource merchant services will receive a 1099-K form from TicketSource if they have processed more than $5000 in gross annual sales in the calendar year (January to December)

3. What information do I need to provide to TicketSource?

We will require you to provide your business or personal tax information.  You can provide this information within your TicketSource account by going to Account and Tax Details.  The information we need to record is as follows:

• Legal Name (as shown on your tax return which would be your business name or personal name)
• Business Name (your trading name if different from your Legal Name)
• Organization classification
• Business address (as shown on your tax return)
• Tax Identification Number (TIN) such as a Social Security Number (SSN) from individuals considered U.S. persons for tax purposes or an Employer Identification Number (EIN) if you are a legal entity.

4. Is my information safe?

Your information will be stored securely in your TicketSource account and only accessed by members of the TicketSource Team who need to view this data.  We will submit your taxpayer information to the IRS to verify their accuracy. 

We use a third-party partner to manage and file our 1099-K submissions called Alavara.   You can view their Privacy Policy via this link 

For further information on how TicketSource safely handles your data, please view our Privacy Policy for Event Organizers 

https://www.ticketsource.us/kb/terms-of-use/event-organiser-data-privacy-policy

5. What happens if I don’t provide this information?

If you do not provide your taxpayer information, event pay-outs will be held until the information is provided.  This information needs to be entered into your TicketSource account prior to the Monday following your event to prevent any delays to your pay-out. 

Where there is a significant delay in you providing your tax details, the IRS may require us to undertake backup withholding which holds 24% tax from your completed event pay-outs and is paid to the IRS which you can reclaim through your next tax return. 

6. How are gross annual sales calculated for the Form 1099-K?

Gross annual payments are total transaction sales values processed on your behalf by TicketSource across the tax year. The figures are based on the pay-out date of your ticket income and not the transaction date.  We take the Monday following an event as your pay-out date. Therefore, if you have a future-dated event that has not yet taken place, these transactions will not be included on the 1099-K as we have not yet paid the ticket monies to you, only completed and paid-out events are reported.

The gross annual payment figures are calculated to include ticket monies and booking fees but does not report refunds – the IRS does not allow us to make adjustment to the sales figure for refunds or deduct our fees from the figure.  Therefore, the figures on the form will be different to actual monies paid away to you.

For example, you took $3,000 in ticket sales but you refunded $100 of tickets.  TicketSource then deducted their booking fees amounting to $204.00 and paid out the balance of $2,696.00 to you.  The Form 1099-K will report your gross annual payments on transactions as $3,000 as the IRS does not allow us to adjust this figure to account for booking fees, refunds or any other deductions.

It is recommended that you ask your tax advisor about which amounts you report on your tax return to take into account actual income which is less refunds or booking fees.  TicketSource is unable to provide tax advice.  You can obtain booking fee and refund figures for paid out events from your ticket pay-out statements which are sent to you by email the Monday following an event or via the sales reports in your TicketSource account.

7. When will I receive the 1099-K?

TicketSource will issue you with a 1099-K form for the previous tax year by 31st January.  Please note this form may be sent to you via our 1099-K processing partner, Tax1099.com, an IRS-authorized e-filing platform. 

8. I have more than one TicketSource account

If we identify that you have multiple accounts and the annual gross amount of your combined sales across all accounts exceeds $5000, we will provide a separate Form 1099-K for each account even if an individual account is below the threshold.

9. I have integrated Stripe into my TicketSource account.  Will I receive a Form 1099-K from TicketSource?

No, you won’t receive a 1099-K from TicketSource as we have not processed payments on your behalf.  Stripe will issue you with a 1099-K form before 31st January. 

10. I am not a U.S. person. Does the Form 1099-K apply to me?

If you are not a U.S. citizen or resident, you may not be subject to reporting or withholding requirements.  However, TicketSource is required to verify your non-US status to comply with the IRS regulations.  You will need to complete the W-9 form and ensure the correct codes are used in the ‘exemption’ section.

11. We are a Non-Profit Organisation. Does the Form 1099-K apply to us?

TicketSource is required to issue a 1099-K form to all eligible US-based users who accept payments via TicketSource.  For tax-exempt organisations and activities which may include non-profit organisations, TicketSource is still obligated to issue a 1099-K form.  The 1099-K form is for informational purposes only and we recommend you consult a tax advisor if you are unsure how to use the information provided in this form.

Updated on: 31/07/2025