FAQ
Pricing & Royalty
Will LifeRich Publishing send me a 1099 to report additional income from royalty payments?
LifeRich Publishing will mail a Form 1099-MISC to each U.S. author who was issued a payment for $10.00 or more in royalties (or incurred backup withholding greater than $0.00) during the calendar year. The income and withholding represent royalties from Quarter 4 of the previous year through Quarter 3 of the Form 1099-MISC year. The form will be mailed by Jan. 31, and should be delivered to the author in February. It reports your additional income in royalties during the first, second and third quarter of the current year and the fourth quarter of the previous year. It is the form you need to use to report taxes showing additional earning or contractual work.
Authors who have any royalties withheld (due to payment threshold) during the past calendar year will receive a 1099-MISC form.
International authors will receive a Form 1042-S instead of a Form 1099-MISC for the royalties earned and the amount withheld during the calendar year. The Form 1042-S will be mailed by March 15.