IRS And Sync Fees

[Vasim]

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

[Vasim]

Found what I was looking for. https://musiclibraryreport.com/forums/topic/tax-question/

Thanks

[Michele Vice-Maslin]

Sync fees are regular taxable schedule C income

[Author]

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