Copyright Agreement Details
in Business, Accounting & Taxes ·
I assume this would apply if you’re operating as a sole proprietor under the US tax system—basically, when you issue an invoice for intellectual services performed.
In those situations, how you handle a copyright agreement depends entirely on whether the contract specifies the fee as a gross or net amount, and who is ultimately responsible for the tax hit.
If your client is insisting on a formal invoice, just draft one that reflects the terms of your signed agreement. Make sure to include your professional details, the total amount due, and then simply settle the tax obligations with the IRS afterward.
You might find this helpful: http://www.iammoney.com/Issuing-and...1,-R2)/51.aspx
In those situations, how you handle a copyright agreement depends entirely on whether the contract specifies the fee as a gross or net amount, and who is ultimately responsible for the tax hit.
If your client is insisting on a formal invoice, just draft one that reflects the terms of your signed agreement. Make sure to include your professional details, the total amount due, and then simply settle the tax obligations with the IRS afterward.
You might find this helpful: http://www.iammoney.com/Issuing-and...1,-R2)/51.aspx