I know the holidays are around the corner and the last thing you want to think about right now is tax season but…
I just want to give a quick reminder to everyone that tax season, no matter how much we might want it never to come, will inevitably roll around.
If you’ve earned money from book sales in 2017 (which is awesome by the way!) you may receive a 1099 (in the US) or a 1042 (non-US) from Lulu in early 2018. Not all revenue earned is taxable so not everyone will receive a form.
We have to prepare and send these forms by January 31st for 1099s and March 31st for 1042s, so we’re working on preparing them even now!
Sending out these necessary tax forms means we have to have your most up to date and accurate address on file. Every year, we get thousands of these forms back to us. It costs a lot in stamps and potentially makes it harder for you to do your taxes!
So, we’re asking all of our users to log in and check their Payment Contact (found on the left sidebar of your My Projects page) and update the information if needed.
If you’ve filed a W-9 or W-8BEN to adjust your withholding, you’ll need to resubmit the form. You’ll find links to do this on your Payment Contact’s edit page as well.
Here’s a couple of screen grabs with more detailed instructions:
1. Finding your Payment Contact
2. Editing your Payment Contact
For more detailed information about taxes and the forms you can use to tell us how to handle taxable income you earn with Lulu, please visit our Knowledge Base.
Paul is the Senior Copywriter at Lulu, responsible for all the words you see on our site (misspellings included). He also manages the community site – http://connect.lulu.com/en/ – and in his free time, he’s an avid reader and short story writer.