2015 is my first year in the app business, I started around July. I have an individual
developer account for myself and another one under my friends name (he filled it out using his social security number and other personal
information, but is letting me use it).
Apple doesn't send developers a 1099; or at least at my level of income
. I have a portal that tracks all revenues and expenses. Reporting
the correct figures is easy.
Problem is, how can I claim the income under my friends' developer account so he is not liable for tax
? It's all under his name, but I've been using it 100%. I don't want him to be audited and screwed over.
Is there a form
he and I can sign that transfers the tax liability
? Not sure what my options are.
Thanks a lot for the help!