Anybody know how to handle the taxes on any subscription revenue? Is it handled as regular earned income? How about paying Social Security on it? Filing quarterly?
Would it make sense to set up an S-Corp or LLC to handle the revenue?
I would assume that Matthew will provide IRS 1099’s for revenue. Then, how you report it is a function of how you are set up. For example, if you go with a sole proprietorship, you would report income (and expenses) on 1040 Schedule C. LLCs, partnerships, etc would be handled differently. I’m no tax expert, but I believe I am correct.
