The IRS requires publishers to issue 1099s each year to anyone earning $10 or more in royalties, which must be issued before January 31st of each calendar year. Therefore, Nitis Books will issue 1099s to every author who earns more than $10 in royalties in any calendar year.
If you are a US citizen, you will be required to submit a W-9 form prior to receiving any royalty payments so that we can prepare your 1099 form. If you are not a US citizen, you will be required to submit a W-8BEN form prior to receiving any royalty payments, and can use the 1099 form we send to you for income-reporting purposes as required by your country.
Posted in: Manuscript Submission FAQ