Please note that we are unable to provide any tax advice to organizers.
If you are collecting funds through WeTravel, we must comply with reporting requirements to the United States Internal Revenue Service (IRS). As per these requirements, you will receive a 1099-K form if your card payments exceed $20,000 in a calendar year and you have more than 200 transactions processed via WeTravel, or as otherwise required by the regulations in the state where your business is registered. If you do not meet these criteria, we will not issue a 1099-K report to the IRS.
WeTravel is required to report to the IRS the total amount of gross payments (card transactions only) that you have received through the platform, before any refunds, disputes, or adjustments. Please note that transactions made in currencies other than USD (such as EUR, GBP, AUD, CAD) will be converted to USD using the applicable foreign exchange rates recognized by the IRS.
More about the 1099-K form and process can be found here: https://www.irs.gov/businesses/understanding-your-1099-k
Please note that this policy only applies to individuals and businesses registered within the United States.
Frequently Asked Questions (FAQ)
What is a 1099-K form?
The 1099-K form is a statement that summarizes the total payment activity of your account. It will be provided to you, the IRS, and certain U.S. states if, in 2025, your payments meet the federal reporting threshold — more than $20,000 in total card payments and over 200 transactions processed via WeTravel. It's important to note that if you have connected your own Stripe Standard account to collect payments, you will receive a 1099-K form directly from Stripe.
When and where can I expect my 1099-K tax form?
You will receive a 1099-K form in January 2026 if you meet the reporting thresholds mentioned above. This will either be mailed to your registered address or sent electronically to your preferred email address.