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Old 12-02-2011
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Default 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.
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Old 12-02-2011
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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...
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Old 12-03-2011
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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?
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Old 12-03-2011
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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.
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Old 12-03-2011
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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?
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Old 12-03-2011
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Quote:
Originally Posted by linktohard View Post
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.
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Old 12-06-2011
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Quote:
Originally Posted by MaximkaLa View Post
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.
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Old 12-06-2011
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Good thread going.
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Old 12-07-2011
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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.
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Old 12-07-2011
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Quote:
Originally Posted by TheSkyInYourEye View Post
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.
the problem is that your selling dvds, amazon doesn't take too kindly to those listings from what i've read
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Old 12-07-2011
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@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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