Tax Tips for Authors: When and How to fill out the 1099

Self-Employed Tax Tips for Writers, Authors and Artists

As a self-publishing author, you should consider your writing as a business. And in this way, there are protocols that you need to follow — namely taxes. (See Tax Tips for Authors: Are you a Business or a Hobby? )

When Form 1099-MISC must be filed

The basic rule is if you promote your writing in n attempt to make a profit, and if you paid an unincorporated independent contractor — independent contractor who is a sole proprietor,  member of a partnership or LLC — $600 or more in a year, then you must file a 1099.

 

Helpful Links:

The paper forms are printed with two 1099-MISC to a page. The 1099 form can be found at your local Internal Revenue Service (IRS) or you can order them online from the IRS website (also free). You can also purchase them through an office supply retailer.

Great tip from Carol Topp, TaxesforWriters.com

If you don’t need 25 copies of the Form 1099MISC, consider using an online service like FileTaxes.com. They charge about $4 per form and will mail a copy to the recipient for you and one to the IRS too! I’ve used them so several years and have been quite happy!

US 1099-MISC tax form

What form goes where?

  • Copy A goes to the Internal Revenue Service
  • Copy 1 goes to the state (if your recipient lives in a income taxing state)
  • Copy B and Copy 2 goes to the person or business who did work for your business
  • You keep Copy C for your records.

If you have only a few 1099-MISCs to issue, these can be accomplished manually with little frustration. If you have more than a few, consider either outsourcing the work or purchasing software to print the forms in a submittable format to avoid making mistakes.

Carol Topp, TaxesforWriters.com

…the 1099MISC form (in pdf format) on the IRS website cannot be used as is. The IRS requires the form in red ink so their machines can scan it in. That’s why you have to buy forms from office supply stores or use an online service.

Tax Tips for Authors: Filling out the Schedule C for Artists, Writers and Performers

Self-Employed Tax Tips for Writers, Authors and Artists

Guest Blog Post by: Angela Christina Fyri The tax Deadline is just around the corner, but don't panic! Now is a good time to review your record-keeping, for good or ill. Schedule C Let's begin with the familiar form for 1040 filers, the Schedule C. … [Continue reading]

Tax Tips for Authors: Are you a Business or a Hobby?

Self-Employed Tax Tips for Writers, Authors and Artists

Guest Blog Post by: Angela Christina Fyri For those of us in the United States, it's that time of year again -- taxes. Whether you are a writer or freelance artist, you are in business. And as such you need to keep track of expenses and income. Here … [Continue reading]

Kindle Formatting Solutions: HTML Tables and Charts in eBooks

Tables allow you to display facts, figures and data in an organized manner. However, tables must be manually coded into an ebook, which can be time consuming and/or expensive. Use tables for tabular data only Do not use tables to create drop caps or … [Continue reading]