: Re: Is it legal to self-publish books independently (in any form) with no LTD, L.L.C., D.B.A., etc.? I want to know if I'm safe publishing a book(s) with no copyright/trademarks/etc. and avoiding
You are correct in your assumption that you do not need to have any type of company designation regarding a publisher, whether it be as a sole proprietorship or "doing business as". You simply operate as an individual publishing his own works, end of story. Some writers do choose to pursue some form of incorporation, but most don't need to bother with it. You should talk to a tax adviser to determine whether or not there is any benefit for you individually.
You are incorrect, however, in your assumption that you shouldn't have to file taxes. If you publish through a company such as Kindle Direct Publishing (Amazon), they will send you a Form-1099 at the end of the year which identifies the full amount you earned from them in the previous year. It doesn't matter whether it is or ,000.
The IRS will receive a copy of that same form, so you will be expected to declare that income, and it will need to be reported as self-employment income. Whether or not you actually owe any taxes will depend on how much you earn as a total between your self-employment (writing) income and all other forms of income.
More posts by @Speyer920
: How to find the balance between research and the obvious I'm embarking on writing my first popular science book on a controversial subject. For sure the writing must be rational, coherent with
: I need to smash a wrist in a grocery store One of my lead characters has to do community service at a grocery store. She has magical powers that will allow her to escape easily, but they
Terms of Use Privacy policy Contact About Cancellation policy © selfpublishingguru.com2024 All Rights reserved.