Tax Season Is a Time to Keep Cool: A Writer’s Guide to Missing 1099-MISC forms and Unpaid Royalties
It’s tax season here in the United States, and questions popping up on many author boards is, “What do I do if my publisher didn’t send me a Form 1099-MISC?” and “Can I deduct unpaid royalties as a loss if my publisher closed?” This article covers who needs a 1099-MISC, what to do if you don’t get a 1099-MISC or get one that’s wrong, and how little the IRS cares about your unpaid royalties. It also discusses reporting publishers you suspect of tax fraud. …Read more