*This question is to all the authors out their that use CS and also to the ones who use this and have to share your royalties with other authors.*
I know that it is form 1099 to file taxes for all royalties, here's my problem I split 50/50 royalties with my co-author. So how do I file the money with form 1099 when CS only allows one author to receive royalties. Also can I file a 1099 every month so I don't have to worry about the taxes at the end of the year? Thanks everyone. I truly appreciate all the help.
You can pay estimated taxes every quarter ,1099 or no. At the end of the year when you calculate your taxes you use your 1099's to calculate the income. Income isn't my problem. It's the related expenses of publishing my book.