DashonnonH
Employee Tax Expert

Business & farm

You should received Form 1099Misc from the company paying you royalties. If you are a self-employed artist/writer you will have to file the 1099Misc on Schedule C and pay self employment taxes on the net profit that is $400 or more. 

 

If you owe self-employed taxes or expect to owe income taxes when you file your return, you should pay quarterly taxes to avoid any interest and/or penalties. 

 

https://www.irs.gov/businesses/small-businesses-self-employed/what-is-taxable-and-nontaxable-income#....

 

The foreign income exclusion only applies to income tax. Self employed taxes are not excluded. You should still make quarterly payments for the self-employed taxes. Please see link below for additional information.

 

https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion#:~:text=Self....

 

 

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