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-   -   To those in the USA who don't report (https://www.aspkin.com/forums/amazon/42250-those-usa-who-dont-report.html)

schuerm26 02-03-2012 06:44 PM

1099-K received in mail. No tax info was provided.
 
I have always reported and obviously will continue to, and just to let you know, I just got a 1099-K in the mail from Amazon. I did NOT provide the tax info that they were asking for. I have already put all the income on my taxes though had no clue I would be getting one of these. Just letting you know that even if you didn't to the tax information they required, it appears they are still giving the info to the IRS.

degsey69 02-03-2012 06:49 PM

Yup they are required to, basicaly if you do not submit a EIN number everything is 1099 or else they will have to pay tax on it.

schuerm26 02-03-2012 06:52 PM

Quote:

Originally Posted by degsey69 (Post 308885)
Yup they are required to, basicaly if you do not submit a EIN number everything is 1099 or else they will have to pay tax on it.

Yes. They can track it back to you though Im assuming. I have just seen posts on here about people who don't pay on their Amazon stuff and was just letting people know that just because you didn't give them tax info, the Govt. is still getting information.

degsey69 02-03-2012 07:11 PM

If you think about it, if Amazon does not get an EIN number because its a stealth account, when they mail out the 1099's to the address on file then, when its returned they will probaly close the account to get your attention.

I expect the IRS will also ask why a long list of 1099's have not been submitted in with tax returns and they could probaly turn you off because of that information.

Anything that is not kosher with Amazon and you are gone.

Gamefreak 02-03-2012 07:29 PM

What were your sales like?

Did you reach of exceed the limit required?

schuerm26 02-04-2012 08:43 AM

Quote:

Originally Posted by Gamefreak (Post 308901)
What were your sales like?

Did you reach of exceed the limit required?

Yes I exceeded the limit.

schuerm26 02-04-2012 08:44 AM

Quote:

Originally Posted by degsey69 (Post 308895)
If you think about it, if Amazon does not get an EIN number because its a stealth account, when they mail out the 1099's to the address on file then, when its returned they will probaly close the account to get your attention.

I expect the IRS will also ask why a long list of 1099's have not been submitted in with tax returns and they could probaly turn you off because of that information.

Anything that is not kosher with Amazon and you are gone.

Im wondering if this is exactly why Amazon didn't shut people down on the 26th of December like they said.

GreenBean 02-04-2012 08:55 AM

Quote:

Originally Posted by schuerm26 (Post 309013)
Im wondering if this is exactly why Amazon didn't shut people down on the 26th of December like they said.

IRS back-tracked because of the economy.

kris3841 02-04-2012 10:19 AM

I'm worried they might close accounts now if the 1099s get bounced back. Any thoughts on this? Also has anyone received a 1099 if their gross sales were under 20k?

mickey65 02-05-2012 03:34 PM

I didn't. I went on my seller's page on Amazon and clicked on the "reports" and there was a message there saying I wouldn't get a 1099-k because I didn't reach the 20k and 200 transactions mark.

Gamefreak 02-05-2012 03:38 PM

Well I guess we can wait until after april 15th. If nothing happens they IDK what is going on with amazon for the 20k/200 situation if no one gets canned.


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