AMAZON asks for tax ID by September 30, 2012

[incniu]

Way more than $20K sold on that account.

This time amazon specially asks for TAX ID by September 30, 2012



Amazon requires that you provide your tax identification information. If the required information is not provided to Amazon by September 30, 2012, your Amazon selling privileges will be suspended until you provide the information.



If I provide Tax ID now; how can I do the accounting and tax reporting?

[Artann]

Easy... total income - expenses - cost of the supplies = net income. Government wants 40% of your net income

[yotano211]

Ask a Accountant about these questions. Different states have different rates of state income and there is also federal level income taxes.

My super computer is predicting GreenBean will close this thread.

[Eduktd]

Amazon requires that you provide your tax identification information

So any ideas on what to do with Stealth accounts to meet the requirements?

[EbanYtsa]

use stealth everything

[Eduktd]

I guess Amazon is tired of 'undocumented workers', I think I have an idea am gonna try, lets see what happens. More on next.

[Eduktd]

Originally Posted by Eduktd

I guess Amazon is tired of 'undocumented workers', I think I have an idea am gonna try, lets see what happens. More on next.

Just thought I'd update you guys that the testing did work. I tried it on several other accounts too and it works all the time. Takes about 2 seconds and you're back in business.

Let me drop a hint without any intentions of advancing any political propaganda.

Hint: [QUOTE]Obama claimed that “companies that are shipping jobs overseas” get tax breaks, saying that they “can actually take a deduction for moving a plant overseas.” But Mitt Romney said that he had “no idea” what the president was talking about, adding that “the idea that you get a break for shipping jobs overseas is simply not the case.” .[QUOTE]FactCheck.org : Talking Tax Breaks for Offshoring

In my opinion and for the purposes of this example Obama was right, you get a tax break by shipping your business overseas. Hmm, but wait this is an online business, how does this relate to Amazon... Aha!, now you're thinking.

Keep reading. I am not sure if my link to the specific Amazon page will work but here. http://www.amazon.com/gp/help/customer/display.html?nodeId=200663310

[dancnbaby]

Doesn't work...

[Eduktd]

Let me repost link

http://www.amazon.com/
gp/help/customer/display.html?nodeId=200663310

Re connect the link of course.


Let see if this works

[Gamefreak]

you get a break for shipping jobs out of your state.... pretty messed up tax code we have...

[Artann]

is your hint to open accounst as a foreign business?

[GreenBean]

Originally Posted by Eduktd

So any ideas on what to do with Stealth accounts to meet the requirements?

IRS wants to see money is paid for taxes.

they care less if it is stealth.

TAX PROFESSIONAL give the assistance for all of this


END of thread