If you’ve earned at least $10 in royalties in the prior tax year, when tax season rolls around you can expect to receive a tax form from us.
Depending on which tax form you submitted when registering with Author’s Republic, you’ll either receive Form 1099 or Form 1042.
Please keep in mind that while we’re quite a talented team, we are not qualified to give tax advice. If you need additional guidance we recommend reaching out to a tax professional.
If you’re not sure which tax form you originally submitted to us you can check by logging into your Author’s Republic account.
Log in to your account and select “My Account” from the navigation menu on the left.
Select the “Tax Forms & ID” tab
Select “Download My Tax Form”
A Form 1099 is a record that an entity or person (other than your employer) paid you US-sourced money.
You will receive Form 1099 by January 31st each year for prior tax year royalties earned.
Either you did not have over $10 in royalty earnings in the prior tax year, you are a non-US person, or you submitted incorrect tax information.
The amount displayed on your tax form is your gross income for the tax year. This is the total revenue received over the course of the tax year before any deductions for transaction fees are made. The sales dashboard reflects royalties earned within the sales range selected. The amount differs as royalties are typically paid the following month they are earned.
Example: Royalties earned for the month of December 2020 would be paid at the end of January 2021.
Note: You may be able to claim a tax deduction for the transaction fees when you prepare your tax return. Please speak with your tax advisor/accountant about this.
Form 1042 is used to report taxes withheld on US-sourced income of non-US individuals or entities.
You will receive Form 1042 by March 15th each year for prior year royalties earned and taxes withheld.
You may not have been issued a Form 1042 because you did not submit your tax information, or you submitted incorrect tax information.
Based on your personal tax rate and other earnings, as well as the tax laws in your home country, you may receive a refund on the taxes withheld after you file your taxes in your home country.
Note: It is best to speak to your tax advisor/accountant for more information.
The amount displayed on your tax form is your gross income for the tax year. This is the total revenue received over the course of the tax year before any deductions for transaction fees are made. The sales dashboard reflects royalties earned within the sales range selected. The amount differs as royalties are typically paid the following month they are earned.
Example: Royalties earned for the month of December 2020 would be paid at the end of January 2021.
Note: You may be able to claim a tax deduction for the transaction fees when you prepare your tax return. Please speak with your tax advisory/accountant about this.
If you have any questions about tax forms, please contact customer service at [email protected].
*The information on this page is not intended as tax advice. Please reach out to your tax advisor/accountant for any tax guidance and more information on these forms.