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-   Amazon X (https://www.aspkin.com/forums/amazon-x/)
-   -   Amazon tax identification How long before amazon suspends you? (https://www.aspkin.com/forums/amazon-x/46721-amazon-tax-identification-how-long-before-amazon-suspends-you.html)

helpme1 10-01-2012 09:35 PM

Quote:

Originally Posted by incniu (Post 380847)
It has past sep 30..


Any account suspended?

I was wondering the same thing because my one account that don't have my ein or ssn on it is still up and running no problem or mention from Amazon yet...knock on wood :dance:

Recherché 10-01-2012 10:15 PM

All mine are still up without EIN/SSN. On the log in home page I no longer get the provide your tax identity by Sept 30th. All I have now is that I need to provide it.

Artann 10-01-2012 11:21 PM

All clear sky here as well!

dancnbaby 10-01-2012 11:26 PM

Me too...no emails or asking for it yet. But it is a new account and no sales yet.

Gamefreak 10-02-2012 12:01 AM

Mine are still up too! What kind of stupid game is amazon playing here with all this bs! :faint:

Artann 10-02-2012 01:02 AM

Quote:

Originally Posted by Gamefreak (Post 380884)
Mine are still up too! What kind of stupid game is amazon playing here with all this bs! :faint:

I wish I had an answer to your question.

zhan 10-02-2012 11:36 PM

question -

if you open up 10 LLCs and register 10 accounts... and you can sell $19999 per account without paying tax...
does that mean you can sell $199,990 between 10 accounts without paying tax?
or does the govt know and they can link up who registered the LLCs?

and also, if you open 1 account via SSN and 1 account via EIN sole prop...
can you sell 2x$19999 and not get 1099?

nobody999 10-04-2012 11:07 AM

Always always always pay your taxes!!!!
Gb, time to lock this up.


Quote:

Originally Posted by zhan (Post 381129)
question -

if you open up 10 llcs and register 10 accounts... And you can sell $19999 per account without paying tax...
Does that mean you can sell $199,990 between 10 accounts without paying tax?
Or does the govt know and they can link up who registered the llcs?

And also, if you open 1 account via ssn and 1 account via ein sole prop...
Can you sell 2x$19999 and not get 1099?


dancnbaby 10-04-2012 05:48 PM

Quote:

Originally Posted by nobody999 (Post 381579)
Always always always pay your taxes!!!!
Gb, time to lock this up.

Agreed... Don't mess around with not paying taxes, unless you like sharing showers with big men (and if you do that's cool,but I doubt in this setting).

Artann 10-05-2012 12:09 PM

Still all good here, but i keep on getting emails from AZ asking for tax info and the yellow message is still there. But it doesn't have sep 30th anymore.

goldfish 10-06-2012 06:57 PM

1) is anyone over $20,000 and still not suspended

2) has anyone tried using same ssn or ein in different accounts. I read on amazon that you can use same ssn on differnt account and they will just add them up and issue you 1 1099k

im tax professional

Also you need to pay your taxes / report your income . the money is getting deposited to your bank account IRS can find outs its not cash business

Report the income deduct the expenses inventory, ebay fees, refunds, postage, indirect deducatble exepenses cell phone (50% deducatble), auto expneses (about 55 cents a mile for going to post office, buying inventory), office at home (percentage of mortgage, utilities), health insiurance.

Generally as long as your tax return doesnt stick out your chances of getting audited are small

iF YOUR GROSS SALE is $100,000 a year 10,000 to 20,000 profit is reasonable

slim jim 10-06-2012 09:59 PM

You should not be afraid of getting audited. There are plenty of ways to deduct expenses while staying within the limits. You must spend good money on a CPA not just someone who calls themselves an accountant. The money spent will be made back every year in savings because they know the system. A lot of accountants will take advantage of you so beware when choosing a tax professional. This is not the place to save money and go cheap!

nobody999 10-10-2012 12:48 PM

from my understanding, people can not make more then 1 seller account on amazon....someone correct me if i'm wrong
thanks


Quote:

Originally Posted by reza1982 (Post 382059)
1) is anyone over $20,000 and still not suspended

2) has anyone tried using same ssn or ein in different accounts. I read on amazon that you can use same ssn on differnt account and they will just add them up and issue you 1 1099k

im tax professional

Also you need to pay your taxes / report your income . the money is getting deposited to your bank account IRS can find outs its not cash business

Report the income deduct the expenses inventory, ebay fees, refunds, postage, indirect deducatble exepenses cell phone (50% deducatble), auto expneses (about 55 cents a mile for going to post office, buying inventory), office at home (percentage of mortgage, utilities), health insiurance.

Generally as long as your tax return doesnt stick out your chances of getting audited are small

iF YOUR GROSS SALE is $100,000 a year 10,000 to 20,000 profit is reasonable


Gamefreak 10-10-2012 02:24 PM

Quote:

Originally Posted by reza1982 (Post 382059)
1) is anyone over $20,000 and still not suspended

2) has anyone tried using same ssn or ein in different accounts. I read on amazon that you can use same ssn on differnt account and they will just add them up and issue you 1 1099k

im tax professional

Also you need to pay your taxes / report your income . the money is getting deposited to your bank account IRS can find outs its not cash business

Report the income deduct the expenses inventory, ebay fees, refunds, postage, indirect deducatble exepenses cell phone (50% deducatble), auto expneses (about 55 cents a mile for going to post office, buying inventory), office at home (percentage of mortgage, utilities), health insiurance.

Generally as long as your tax return doesnt stick out your chances of getting audited are small

iF YOUR GROSS SALE is $100,000 a year 10,000 to 20,000 profit is reasonable


you have to be pre approved to be able to use the info more than once... u can try it and let us know though.. :D

dancnbaby 10-10-2012 09:47 PM

Quote:

Originally Posted by nobody999 (Post 382916)
from my understanding, people can not make more then 1 seller account on amazon....someone correct me if i'm wrong
thanks

You can have more than one as long as they approve you for it and the accounts are not selling the same stuff.

incniu 10-26-2012 06:51 PM

The status of listings will become "inactive", if the account has sold a lot and no tax id provided.

GreenBean 10-26-2012 06:58 PM

Quote:

Originally Posted by zhan (Post 381129)
question -

if you open up 10 LLCs and register 10 accounts... and you can sell $19999 per account without paying tax...
does that mean you can sell $199,990 between 10 accounts without paying tax?
or does the govt know and they can link up who registered the LLCs?

and also, if you open 1 account via SSN and 1 account via EIN sole prop...
can you sell 2x$19999 and not get 1099?

Here's the simple and factual message.

Earn money.

Pay taxes.

DO NOT SEEK free tax advice from a forum


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