This might be a stupid question, but I figured it'd be best to ask around. If necessary, I'll contact the site directly, but since I know some people on here distribute via All Romance Ebooks, I thought I'd ask here.
I've been looking into creating a publisher/author account to sell self-published erotica on ARe. When I took a peek at the sign-up page, though, I was a little confused about something. Under tax information, it asks if you're going to use the account as a publisher or an author/group of authors. If you select that you're an author, the following question comes up: "Will you issue 1099s to yourself and/or to any other authors whose books were sold through this account in order to report royalties earned to the IRS?"
I'm not sure what they mean by that. I know that Amazon and Smashwords are supposed to provide tax documents for you so that you can report your earnings on your taxes. But I don't know what ARe means by asking if I will be issuing a 1099 to myself.
I'm also not entirely clear on the difference between listing myself as a "publisher" or an "author/group of authors." I'm sort of both in this instance, though I don't own a publishing house or anything.
Thanks. I feel stupid that I couldn't figure this out by looking on their website and googling, but I really wanted to see what other people have done.
I've been looking into creating a publisher/author account to sell self-published erotica on ARe. When I took a peek at the sign-up page, though, I was a little confused about something. Under tax information, it asks if you're going to use the account as a publisher or an author/group of authors. If you select that you're an author, the following question comes up: "Will you issue 1099s to yourself and/or to any other authors whose books were sold through this account in order to report royalties earned to the IRS?"
I'm not sure what they mean by that. I know that Amazon and Smashwords are supposed to provide tax documents for you so that you can report your earnings on your taxes. But I don't know what ARe means by asking if I will be issuing a 1099 to myself.
I'm also not entirely clear on the difference between listing myself as a "publisher" or an "author/group of authors." I'm sort of both in this instance, though I don't own a publishing house or anything.
Thanks. I feel stupid that I couldn't figure this out by looking on their website and googling, but I really wanted to see what other people have done.
