IRS And Sync Fees

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  • This topic has 2 replies, 1 voice, and was last updated 3 weeks, 5 days ago by Michele Vice-Maslin.
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  • #36075 Reply

    Hi all

    I’m with a US library which I sent a email about any potenial sync fees yet. They said that in January 2020 the owner filed for a IRS report which is just being processced now. Would love to know how IRS works in regards to a library paying syncs.

    Thanks in advance

    #36081 Reply
    #36125 Reply
    Michele Vice-Maslin

    Sync fees are regular taxable schedule C income

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