FastSpring acts as your merchant of record, meaning we handle the assessment, collection, filing, and remittance of sales tax, VAT, GST, and other transaction-based taxes on all transactions processed through our platform.
This does not replace your responsibility to report income earned through FastSpring. You’re still responsible for meeting any local income reporting requirements in your country.
Under IRS regulations, FastSpring is required to report certain payment transactions to the IRS. As a result, FastSpring will issue Form 1099-K to U.S. sellers who meet the applicable IRS reporting thresholds.
Where Can I Find My Total Earnings?
To view your year-to-date gross sales:
- Go to FastSpring App Dashboard > Account Summary.
- Weekly Summary Reports, when totaled, show your Gross Sales for the calendar year.
Gross Sales are calculated as gross proceeds minus discounts, returns, and FastSpring fees. Taxes are excluded, where applicable.
For more detailed reporting, you can also use Payout Statements, which include orders, refunds, fees, chargebacks, and adjustments.
Where to Find Your Payout Statements
Payout statements are available in the FastSpring App Dashboard:
- Go to Account Summary.
- Select Payout History.
From there:
- Click a date range under Payout Cycle to view a specific payout.
- Select Generate Statements to create monthly or annual statements.
- Use the download icon to save or share statements.
These statements are commonly used for reconciliation and year-end tax preparation.
1099-K Reporting: What’s Current for 2025 Reporting Year
Under updated IRS guidance, Form 1099-K is generally issued to U.S. sellers only if both of the following thresholds are met:
- More than $20,000 in gross payments, and
- More than 200 transactions in a calendar year.
Receiving a 1099-K does not mean you owe additional tax. The form reports gross proceeds, not net taxable income. You are taxed on net income after refunds, fees, and allowable deductions.
For more information, please see our Tax information reporting: Form 1099-K page.
Update Your Tax Information (W-8 / W-9)
All sellers are required to complete and maintain a valid Form W-9 (U.S. sellers) or Form W-8 (non-U.S. sellers) in the FastSpring dashboard.
Sellers must promptly review and update their tax information whenever there is a change that could affect tax reporting or withholding, including but not limited to:
- A change in legal entity name or classification.
- A change in tax residency or country of incorporation.
- A change in authorized signatory.
- A change in permanent address or business address.
- Any other change that impacts the accuracy of the information provided on the W-9 or W-8.
Failure to keep tax information current may result in incorrect tax reporting, backup withholding, or delays in payment processing.
To update your tax information:
- Log in to the FastSpring App.
- Go to Account Summary > Manage Tax Information.
- Complete or update your W-8 or W-9.
If your tax details or mailing address change after a 1099-K is issued, contact
support@fastspring.com.
Quick Tips for a Smooth Year End
- Track earnings consistently using weekly summaries and payout statements.
- Understand gross vs. net income when reviewing 1099-K data.
- Keep records of refunds, fees, and expenses.
- Reach out early if you need help accessing reports or tax documents.
