I assume Square sends out 1099's, yes?

@pstrisik , yes they create 1099-k if you processed in credit card transactions $20,000 AND had 200 transactions.  you can get your 1099-k here https://squareup.com/dashboard/business/taxes

Thanks.  Not that I'm complaining, but I thought it was a requirement when more than $600 is paid to a non-incorporated entity.  If I do move to SQ, I would be over the annual $20k anyway.

@pstrisik, you must be in Vermont or Massachusetts as they are the only 2 states that have their own law of $600.  so then yes if over $600 Square will provide once.

https://www.sellercommunity.com/t5/General-Discussion/1099-K-Forms-amp-Tax-Season-FAQs/m-p/105962#M2...

Alaska actually.  I don't know the state law though.  My accountant has told me this.  I always thought it was a federal requirement, not state.  Always learning new

Researched it a bit more.  I've always assumed I received 1099-MISC from Elavon as I do from insurance companies that pay me more than $600/year.  Since I collect more than $20000/year from charges, I do get the 1099 from them.  I don't have access to it right now, but I am now assuming it is actually a 1099-K. 

Federal law requires payors, in general, to issue 1099-MISC to non-corporate entities that receive more than $600.  Federal law also specifies that 1099-K be issued by "payment settlement entities" (like banks/merchant services) when more than $20000 is paid to an entity including corporations.  Evidently, a couple of states have their own laws that make this stricter and use the $600 threshhold for the 1099-K.

Ta-da!