 that explains how Amazon will be required to report Kickstarter payments to the IRS in the US. for the 2011 tax year. (It appears these regulations were finalized in August 2010 so this has been coming for a while it seems, but check with your CPA.) This is what we anticipated happening and warned you about in “One for You, 19 for Me“. You can get more information about Form 1099-K on the IRS website www.irs.gov/form1099k or by entering “new payment card reporting” in the search box on www.irs.gov.
I don’t belive that filing the 1099-K solves the local sales tax issue that applies to all other retailers in your state as described in the video. Not to be too US centric about it all, you definitely want to check with your accountant or tax advisor for local rules outside of the US and also US rules applicable to non-US taxpayers.
Thanks to Leslie Burns for the tip on the animation and also see the post on Semaphoremusic.com on this topic from last July.)
It is very likely that we will hear about a move to make significant amendments to the Copyright Act at some point before the beginning of campaign season in 2018. There are a high number of copyright-related bills that have been introduced in the House of Representatives in the current session, so brace yourself for an “omnibus” copyright bill that would try to cobble them all together Frankenstein-style.
A Frankenstein omnibus bill would be a very bad idea in my view and will inevitably lead to horse trading of fake issues against a false deadline. Omnibus bills are a bad idea for songwriters and artists, particularly independent songwriters and artists, because omnibus bills tend to bring together Corporate America in attack formation.
Artist Rights Watch--News for the Artist Rights Advocacy Community 