I was wondering if any of you guys knew a way I could set up my account so that everytime I sell an item it takes taxes out. That way I wouldn't have to pay back a lump sum at the end of the year and all money in my account would be take home. Thanks for your time to respond it's greatly appreciated!!!
The complete step-by-step guide to get back to selling today!
Its actually worth paying your taxes unless you have something to hide. A lot of ppl dont make the 30% profit on an item that amazon would be taking and with fees you would have to be making near 50% profit to break even.
Why in the hell would you want to do this? It will take a much higher percentage of your sales if you go directly through amazon, and you still need to file them even though you wont owe any. So why would you do this since you have to file anyways. And to add you still need to pay state taxes.
When you take the little test for tax purposes, specify you are not a U.S. Citizen or that you are subject to tax withheld and Amazon will automatically take the 30% away so you do not worry at the end of the year.
When you take the little test for tax purposes, specify you are not a U.S. Citizen or that you are subject to tax withheld and Amazon will automatically take the 30% away so you do not worry at the end of the year.