# 1099-K Tax Forms

Learn how Finix handles security and your compliance obligations.

Every year, Finix's processor sends out a 1099-K form to *every* Finix account. The 1099-K form details the sales activity of your account to help you report your taxes. This form is sent to you, the IRS, and some US states.

- For information about understanding your 1099-K form, see the following [IRS article](https://www.irs.gov/businesses/understanding-your-form-1099-k).
- For your review, a blank example of the 1099-K form is available [here](http://www.irs.gov/pub/irs-pdf/f1099k.pdf).


The 1099-K form is generated based on the information saved in the `Identities` resource associated with the `Merchant` .

Keep the `Identities` resource updated with any changes to ensure there aren't any issues with the 1099-K form. Changes that would require the `Identities` resource to be updated include:

- Change in address or name.
- Ownership changes.
- Bank account changes.
- Change in tax ID or other entity information.


If you make changes to the `Identities` resource, you'll need to verify the updated information by submitting a **new** Merchant Verification Request and provisioning the merchant again.

For details on how to re-provision a merchant, see [Re-Verifying Already Approved Merchants](/guides/platform-payments/onboarding-sellers/seller-onboarding-process).

**Note:** The total amount listed on the 1099-K form is the *gross total*. Refunds, credits, and fees are not included in the amount listed on the 1099-K form.