US withholding tax for authors (KDP, Amazon, etc.)
in Business, Accounting & Taxes ·
Tyler Gonzalez6 said:Of course you can publish as an individual—regardless of how much you make.
Is anyone here currently employed by a company while also publishing on KDP as an individual? I'm wading through a 60-page tax document regarding royalties, and just when I think I finally get it, I realize I'm lost again... from what I've gathered, an author has to register with the IRS within 8 days of receiving their first payment. Can anyone confirm if that's right? Also, if you have experience with this, could you walk me through the process—what documents do I need to file with the IRS, and when do the tax payments actually happen? Truly grateful for any help. 🙂