Forum

Amazon tax identification How long before amazon suspends you?
 

Amazon tax identification How long before amazon suspends you?

My account is 2 months old. I sold $700 first month, $1500 2nd month

Amazon is requesting a tax ID. I have already set up a sole proprietorship & used the EIN in a suspended account. IRS said they will only give 1 EIN for sole prop. Per person

Shall I use my Social security & real name for the tax id. My real was used in my 1st amazon account which was suspended

Dont you have to provide it something this month or next otherwise you will be suspended?

1 EIN for sole prop. Per person

is it true?

thats what IRS said

they said i would have to open LLC if i want new EIN

That is true, I spoke to the IRS about this as well. Are you going with the LLC route? I am thinking about doing this as well.

i think i will use my real name & social for 1099 purposes

I read that it doesn't have to match the name on amazon etc

I am hoping this account will be come featured after 90 days

I cost $500 to open LLC in IL

few days , your acc blocked, and u need new ein

I was for certain I read on amazon that if you did not provide info 30 days after email, your seller account will be considered in violation of our Amazon.com selling policies. Which violation I wonder. Some are more serious than others.

Also, it doesn't necessarily mean you would automatically be suspended upon the 30th day. But eh, I would venture if your not suspended right away, you will be eventually.

"Alert

Amazon requires that you provide your taxpayer identification information. To provide the required information, please click here to start the self-service tax interview."


What will happen if no tax ID provided?

That is an old message.

I think the hammer is coming down on the 10th, based on the last email regarding this subject from AZ. I am entering my new LLC info today. Yes, it cost a lot ($650), but I am to keep this account for many years.

How do you do bookkeeping and sales tax issue?

Have been doing bookkeeping for 7 years now, and my accountant is setting my new LLC up for sales tax & B&O.

Will the new LLC solve your problem about the Stealth account?　Could Amazon just link the account by the LLC EIN number?

Thanks

the due date is Sep 30

This time, amazon will really suspend all on sep 30?

really looks like it

Do you have multiple Account by different LLC EIN? Will Amazon link them together by the final owner of the LLC?

Will see how many accounts will amazon suspend...

Mine has 100% feedback with 140.

fb has nothing to do with it. It is in AZ policy now and on september 30th everyone will have to provide ssn or ein. Pro seller will have to do it at the time of the registration if the account is new! and personal accounts (the one that you register as a buyer and then convert to a seller) will be required to provide one after they start sale, within 30 days or 50 sales, whichever comes first.
So, if AZ spelled out all of those details in their policy, I bet you they are getting serious about it!

I wonder if it is possible to use your SSN if it hasn't been used before. I did though have my real name suspended years ago. Have moved to different state. My name is very unique. Has anyone used SSN with real info suspended before successfully?

will definitely link by LLC #

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:

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.

All clear sky here as well!

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

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.

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?

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).

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.

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 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!

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

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

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

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

Here's the simple and factual message.

Earn money.

Pay taxes.

DO NOT SEEK free tax advice from a forum