Tax Forms
Updates
10/07/25 - Update for tax year 2025.
10/31/24 - Update for tax year 2024.
12/18/23 - Added FAQ regarding opt-out procedure.
Background
This page explains the circumstances under which Priori will report payments received through our platform for tax purposes.
For the past several years, the IRS has been phasing in a lowered threshold for 1099-K reporting. For the 2024 tax year, Priori issued forms 1099-K to providers who received annual gross payments of $600 or more through Priori Marketplace.
The One Big Beautiful Bill Act (OBBBA), enacted by Congress in the summer of 2025, eliminated the lower threshold. Digital platforms like Priori Marketplace are now only required to report payments via Form 1099-K if the recipient received gross payments exceeding $20,000 and had more than 200 transactions through the platform in the relevant year.
Our Position
The revised legislation means that most providers on our Marketplace would not receive a 1099-K for the 2025 tax year under the new statutory thresholds.
However, to ensure clarity and consistency for our network, meet conflicting state income tax thresholds, and to make your tax season easier, Priori is electing to continue with our practice from tax year 2024. Specifically, Priori will voluntarily file and issue 1099-Ks for all providers who receive payments totaling $600 or more through our Marketplace in 2025.
We recognize this approach goes beyond what the IRS requires. Provided that you are not a resident of a state with a reporting threshold lower than the current federal threshold, and do not meet the current IRS threshold, you may request to opt out of reporting your earnings activity for the 2025 tax year by contacting [email protected]. If we are able to, we will be glad to honor your opt-out request.
Our goal is to make tax season easier for you and your advisors by providing consistent documentation of Marketplace payments. We believe this approach reduces confusion and questions, particularly given the evolving reporting landscape.
You can read more in the detailed FAQ below.
Frequently Asked Questions
Why am I receiving a 1099-K if I don’t meet the IRS thresholds?
For tax year 2025, Priori has chosen to voluntarily issue 1099-Ks for attorneys who receive $600 or more in Marketplace payments. While federal law only requires 1099-Ks if both $20,000 in payments and 200 transactions are met, voluntary reporting is permitted. Many states also have lower reporting thresholds. We believe a uniform approach provides transparency and simplifies tax preparation for providers in our network.
Can I opt out of receiving a voluntary 1099-K?
If you do not want Priori to issue you a voluntary 1099-K, you may request an opt out by contacting us at [email protected]. If your platform-derived income is under the IRS threshold and any applicable state reporting thresholds, we will honor your request.
I am not a U.S. taxpayer. Will I still receive a 1099-K?
No. If you are not a U.S. taxpayer, you will not receive a 1099-K.
What is the process?
We will be partnering with our payment processor, Stripe, to facilitate the issuance of the 1099-Ks.
What this means for you:
Beginning Nov 3, 2025, eligible providers will receive an email from [email protected] with a request to confirm tax information and delivery preferences. The available options are e-delivery or paper mail delivery.
The email will prompt you to log in to or create a Stripe Express account to confirm your tax information and delivery preferences. Stripe Express is a secure mobile app and web experience built by Stripe that will allow you to receive and access your tax forms online. In reviewing your information, please ensure your TIN or EIN is accurate.
You will receive an email notification from Stripe Express by January 31, 2026 once we have filed your form. If you enable e-delivery, you’ll be able to access your 1099-K immediately in Stripe Express once it becomes available. Otherwise, paper forms delivered via postal mail will be delivered in February.
Should I provide Stripe with my personal tax information or tax information for my law firm or business?
This will depend on how you have practiced and received payments through the Marketplace and the details of your practice structure. Priori cannot offer you tax advice. We recommend consulting with a tax professional for guidance based on your individual tax situation.
What is included on my 1099-K?
Your 1099-K will reflect the total gross payouts you received through Priori Marketplace in 2025, excluding Priori’s management fee and any Stripe processing fees.
What is Stripe and Stripe Express?
Stripe (www.stripe.com) is a multinational financial services company and best-in-class payment processor. Priori uses Stripe to process payments made through our Marketplace. Stripe Express is a secure mobile app and web experience built by Stripe that allows you to access your tax forms online.
What if my personal or company details are incorrect on Stripe?
The information displayed on Stripe is typically the information provided when you first verified your identity after joining Priori. You can update the information via Stripe Express or contact our team ([email protected]) for assistance.
When will I get my Form 1099-K?
You will receive an email notification by January 31, 2026 once Priori has filed your form. If you enable e-delivery, you’ll be able to access your 1099 tax form immediately in Stripe Express once it becomes available. Otherwise, paper forms delivered via postal mail will be delivered in February.
How will I receive my 1099-K?
Please see the response to the previous question.
What should I do if my 1099-K is incorrect?
If you believe there is an error in your 1099-K, please contact us [email protected] with specific details of the discrepancy. Our team will review and, where appropriate, work with Stripe to issue a corrected form.
Do I need to report this income on my tax return?
Priori cannot offer you tax advice, though it is important to know that the IRS (and, where required, state tax authorities) will receive each 1099-K when Priori files it. We recommend consulting with a tax professional for guidance on how to report this income accurately based on your individual tax situation.
What if I didn't receive my 1099-K?
If you haven't received your 1099 form by January 31, 2026 (for e-delivery) or end of February (if you elected for postal delivery), please let us know and we will look into the issue.
What if I worked on a W-2 matter through Priori?
If you worked on a matter or matters that required you to be employed by our workforce solutions partner (Precision Global Consulting (PGC)) for the duration of the engagement, you will receive tax documents directly from PGC for payments received on those matters.
What if I also receive a 1099 from a client?
If you receive a 1099 form from both our platform and a customer on the platform for the same earnings, we recommend consulting with a tax professional to ensure that your income is appropriately stated on your tax return. They can provide specific guidance on how to accurately report your income on your tax return.
Will this change affect my earnings or rate on Priori?
No. This change only affects tax reporting and does not impact your Marketplace earnings, rates, or Stripe Express access. There is also no cost or fee for you to use Stripe Express to receive your 1099-K.
I have another question not answered here.
Please contact [email protected] if you require further assistance.
Last updated
Was this helpful?