It has also stopped issuing 1099-MISCs to producers and instead now issues 1099-Ks to producers that meet the income threshold. This is because Audible/ACX now reports all of the net earnings from ACX audiobooks on the authors’ 1099-MISC forms, including the earnings it paid over to producers, as the authors’ royalty earning. Thank you to the Authors Guild for compiling this guide, and do feel free to share it with other authors you know who may be affected by the reporting change.Īudible/ACX’s New Tax Reporting Policy: What Authors Should KnowĪs of January 1, 2021, authors who publish their own audiobooks on ACX and use ACX producers must now declare the producers’ portion of the royalties as income and then deduct those payments as business expenses when they file their taxes. This move created a lot of confusion about how to file taxes for independent authors its effects are explained more fully below.Īlthough it is now late in this year’s tax season, we do hope that affected authors will find this guidance useful in preparing or amending their United States taxes for 2021 and looking forward to next year’s. That’s when Audible/ACX changed their tax-reporting practices for royalties from audiobook productions, by including royalties for both authors and their audiobook narrators on the same form delivered to authors. Please consult the guidance that follows from the Authors Guild, one of SFWA’s sister organizations, on a significant United States tax-reporting change that many independent authors have shared concerns about since January 1.

SFWA Alert: Tax Guidance for Audible/ACX Royalties Reporting SFWA Middle Grade and Young Adult Writers.Operating Policies and Procedures (OPPM).

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