- Subscribe to RSS Feed
- Mark Thread as New
- Mark Thread as Read
- Float this Thread for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
We are new to Square. My question is about tax filing and payment to the IRS and other agencies.
Are all payments to the IRS and other agencies done for us or do we still need to pay this on our own? We will be starting with square on Jan. 1, so I'm trying to get a better understanding. Also, not having much luck getting ahold of someone in support right away. I always have to have them call back. Is this a problem?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
If you are using Square Payroll Square takes care of State and Federal Tax. Payroll it the only thing Square takes care of. Everything else like sale tax is your responsability.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
@Greatspirit, welcome to Square and thanks for posting your question! I wanted to add to the answer @RHatch gave: Square will also provide a 1099-k form if your business qualifies for one - i.e. you've done $20,000 in gross sales and over 200 transactions in the calendar year. You can read more about 1099-k qualification here.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report
The title of this thread has been edited from the original: IRS question
Hello @Dnap. There isn't a way for Square to do this but I'll share your request with the relevant teams here. I moved your post here so you can see the helpful replies from @RHatch and @Kpay in the meantime!
Seller Community Manager
Did you find help in the Seller Community? Mark a Best Answer to help others.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report