SSN/EIN Amazon - Its Official..2012..
Dear XXX,
We're writing to let you know about new Internal Revenue Service (IRS) regulations that may impact your seller account.
Beginning with the 2011 tax year, new IRS regulations require that U.S. payment processors, including Amazon, file Form 1099-K for sellers that exceed $20,000 in gross sales and 200 transactions in a calendar year. The regulations also require that all registered sellers (regardless of account status and sales volume) have taxpayer identification information on file in order for backup withholding not to apply on gross sales.
(read above guys)
As a result of the new regulations, Amazon.com sellers will be required to provide taxpayer identification information to Amazon. If the required information is not provided to Amazon in 2011, your Amazon selling privileges will be suspended until you provide the information.
(not sure when?)
We are committed to making this process simple. In the coming months we will provide instructions on how to enter the required information directly into your seller account. To help protect the security of your taxpayer identification information, we will not ask you to disclose it by e-mail or over the phone.
(Coming months sounds goods right?)
See answers to frequently asked questions and check back occasionally for updates: https://sellercentral.amazon.com/gp/help/200663290
Learn more about the regulations and Form 1099-K at the IRS website: Final Regulations on Payment Card Reporting
Important Notice: Information in this document does not constitute tax, legal, or other professional advice and must not be used as such. To find out how this new legislation will affect your business, or if you have other questions, please contact your tax, legal, or other professional advisor.
Best regards,
Amazon Services
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