# How Autobooks issues 1099K forms to merchants

At the start of each year until January 31st, businesses receive a 1099K form for the previous tax year if those businesses processed payments through Autobooks. Autobooks is required by the IRS to provide a 1099K to businesses that process credit/debit card transactions and meet the following threshold:

**Requirements for 2024:**

- **$5,000 or more in payments processed in the tax year. (threshold subject to change)**

#### How will the business receive a 1099 form from Autobooks?

**If the SMB opted to receive an electronic copy:**

Log into Autobooks and navigate to **Settings**. Click the **Tax information** tab. If they've processed enough through Autobooks to require a 1099, they'll see one available for download.

**NOTE:** Only primary account administrators will be able to access the **Tax Information** tab.

**By mail (if the SMB chose not to receive electronic copies):**

1099 forms will be mailed via US Mail to the physical address we have on file for the Autobooks account. You can see the address on file by visiting **Settings**, then clicking on the **Company** tab.

#### When will the 1099 forms be mailed by Autobooks?

Autobooks mails 1099 forms no later than January 31 for the prior tax year.

#### How can I obtain a 1099 from a previous tax year?

Please contact Autobooks if you need a copy of a 1099 form from a year previous to 2024.