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-   Amazon X (https://www.aspkin.com/forums/amazon-x/)
-   -   Couple of Am..zon questions (https://www.aspkin.com/forums/amazon-x/40021-couple-am-zon-questions.html)

MaximkaLa 12-02-2011 08:42 PM

Couple of Am..zon questions
 
1. Is 750 velocity monthly NET or Gross?
2. on one of my suspended accts i keep on receiving those emails about providing amazon with ein. Sadly the acct was real and i have no problem providing social for it : here is the question - i havent sold anywhere close to 20K on it but i had 135 transactions - if i provide the ssn will i have to pay taxes? if i dont provide it - will i be able to withdraw from it after 90 days - the acct is already suspended and i love how amazon writes that they will suspend me if i dont go through tax interview.
Thanks for replying

nobody999 12-02-2011 10:27 PM

1. i think 750 is gross
2. regardless if you don't provide or not provide your ssn/ein to amazon, you should pay your taxes if you made a profit....if the account is suspended, then why bother giving amazon the ssn/ein? if your account is suspended you should be able to withdraw after 90 days...

linktohard 12-03-2011 10:20 AM

Another question...Is it safe to create a seller account from a buyer,in the same day the buyer account is created.Or should I wait some time?

boszika 12-03-2011 01:33 PM

750 Is definitely gross.How would they know what is your net?
They also suspended mine and keep sending me emails give me your tax id. Why should I?It is definitely under 200 transactions,dont bother give it to them if you blocked.

@linktohard.
I always wait a week after registering an account to sell some used stuff.

MaximkaLa 12-03-2011 02:01 PM

By NET i mean the amount after amazon fees or the withdrawal amount. i understand that i do have to pay taxes - again not a problem - but isnt the law 200 and 20K? if i sell 201 paperclips on amazon for a penny they will send me 1099K as well?

sax4 12-03-2011 07:47 PM

Quote:

Originally Posted by linktohard (Post 292468)
Another question...Is it safe to create a seller account from a buyer,in the same day the buyer account is created.Or should I wait some time?

I always create a seller account straight away, no problems.

helpme1 12-06-2011 07:08 AM

Quote:

Originally Posted by MaximkaLa (Post 292496)
By NET i mean the amount after amazon fees or the withdrawal amount. i understand that i do have to pay taxes - again not a problem - but isnt the law 200 and 20K? if i sell 201 paperclips on amazon for a penny they will send me 1099K as well?

Its the amount including Amazon fees and you will only get a 1099 if you have met both things..$20,000 & sold 200 items.

rsot 12-06-2011 01:46 PM

Good thread going.

TheSkyInYourEye 12-07-2011 01:36 AM

Any suggestions on how to start out an am azon account if I'm going to be selling dvd s? Wait 30 days without listings or...?

For some reason, am azon is super bashful toward the accounts I've made so far. :juggle:

nobody999 12-07-2011 11:26 AM

Quote:

Originally Posted by TheSkyInYourEye (Post 293357)
Any suggestions on how to start out an am azon account if I'm going to be selling dvd s? Wait 30 days without listings or...?

For some reason, am azon is super bashful toward the accounts I've made so far. :juggle:

the problem is that your selling dvds, amazon doesn't take too kindly to those listings from what i've read

boszika 12-07-2011 11:40 AM

@theskyinyoureye

Dont put like 10 in stock in the inventory,just sell one by one. Cannot guarantee it will last but if you do it slow, it will last longer.


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