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Of course, the company will report to the IRS and publishers must so too.the problem is if they make a mistake and reported a different amount than you think you earned and the IRS audits you years later, YOU are the one who has to jump through hoops to try to get them to correct their mistake. Good luck with that. That's one of the reasons the IRS requires them to send a 1099 by Jan. 30- so you can (theoretically) fix any discrepancies in a timely manner.
our bank is based out of United Arab Emirates, where there is no provision of the 1099 Misc Form. Hence we are unable to provide these forms to our publishers.The bank doesn't send the 1099- the company does.