If you are a musician, songwriter, or writer, royalties are likely one of your main income streams. They can feel like passive income — money that shows up without you actively working for it — but the IRS does not see it that way. Royalty income is taxable, and depending on how you earn it,… Continue reading How Royalty Income Is Taxed: A Guide for Musicians and Writers
International Royalties for Songwriters and Producers: PROs, MLC, Neighboring Rights, and Taxes Explained
If you’re a songwriter or music producer working in today’s global industry, your music is probably traveling much farther than you think. A track made in your home studio can be streamed in Brazil, played on radio in Germany, used in a café in Japan, or synced in a TV show in Australia. And that… Continue reading International Royalties for Songwriters and Producers: PROs, MLC, Neighboring Rights, and Taxes Explained
