ShootProof mails 1099-K forms to studios that had at least $20,000 USD in funds processed AND over 200 individual transactions through ShootProof Payments by January 31st, in accordance with IRS guidelines. This 1099-K form represents the gross income processed through ShootProof Payments. You can learn more about what what a 1099-K form is by heading over to the IRS's website here.
For studios not meeting these IRS reporting minimums, no tax forms will be generated or submitted to the IRS by ShootProof.
Sales and Invoice Payment reports, of course, can be accessed at any time on the Reports Page in your Studio Panel.