[codehawke]

I've been using Stripe for years for my website, codehawke.com. Once you get over a certain amount of revenue and or sales transactions, they file 1099-K directly with the US IRS, they won't miss your failure to report that. I'm not sure if this is new, or I reached some new threshold? They are definitely in communication with the IRS at this point. PayPal does the same thing.

[HatchedLake721]

Do you sell to US only or globally? Each country has its own tax rules.

E.g. if you sell to EU customers, you need to apply a correct VAT % of their country on top. If you reach a certain threshold you then need to file VAT returns.

[codehawke]

I do account for that, but honestly I don't make the international sales to worry about it. UK is the one exception for that. The rules are being a bit more simplified starting July 1 of this year. VAT is a disaster for all businesses. This is a case of going after the big guys and screwing the little guys in the process. Luckily, 70% of my revenue is in the USA and on top of that my company is based in business friendly Virginia.