Why are taxes required to be filed? What tax forms do I need to receive Royalty payments?
Here’s the tough part where we have to act like “The Man”. Since mycontent.com is an outlet for professional and legal distribution of media, we must report royalty income to the IRS for any artists receiving more than $10 in any year. At the end of the year, we will deliver a 1099/1042 form to you and the US Internal Revenue Service as required by law. To enable us to report this income, we must collect information such as address and tax id, which you have already provided if you signed up as a “seller” when you registered for mycontent.com.
