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Old 01-03-2014
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Default Seller account banned, 1099 form question

Hi there guys/gals, I had a quick tax related question that hopefully somebody here can help me with. My amazon seller account was banned about two months ago (Got careless with my account and they connected it to a previously banned account)
But, prior to getting banned, I had more than met the 1099 form requirement of 20K in gross sales and 200 transactions. I know they normally send out the 1099 forms by the end of January, and this has me wondering if I'll still get one/still be required to file taxes even if my account is banned.
I'm well aware that I should legally be filling taxes on my amazon sales, regardless of how much I make, but I basically just wanted to know if either Amazon or the IRS would be up my ass about filing for my amazon seller account, even though it's been banned.
Any tax related advice at all would be welcomed here actually, as this is my first year filing taxes (Still a teenager. Yay my own income, boo taxes!)
So yeah, thanks in advance for any help.
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Old 01-03-2014
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Default Re: Seller account banned, 1099 form question

Welcome to the forums - stealth does work so good luck on the reading - all the best

Lot of posts to read - you want serious tax advice? Go see a tax professional
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Old 01-03-2014
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Default Re: Seller account banned, 1099 form question

Welcome to the forum

If you need advise about taxes, then you will need to talk to a professional who can assist.
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Old 01-03-2014
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Default Re: Seller account banned, 1099 form question

JamesNorth has it right
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Old 01-03-2014
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Default Re: Seller account banned, 1099 form question

Yes they will. I forgot about an account I made like 9000 on. 15 months later I was contacted by irs asking me if I forgot to claim or if I did not know the law. Lmao. U most certainly need to pay

Just because it is a dead account it dont matter. Thats like saying if you owned a business and it went under do u need to pay. Hell yes. Irs dont care what happened, they just care about the money you made.
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Old 01-04-2014
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Default Re: Seller account banned, 1099 form question

That's what I figured, but since the account's closed I didn't know if amazon would bother sending out a 1099 at all. If they don't, how exactly would I even be able to file for everything? With the account closed I can't access any sort of history of the account or see how much was sold. Really wishing I hadn't gone over that 20K mark at this point.

I do plan to see a tax professional since I don't really know what I'm doing, but figured I'd ask here first since the amazon account being banned makes things a bit more complex, and since any tax professional I visit likely wouldn't know much at all about selling on amazon, especially when it comes to closed accounts. Thanks again for the posts everybody.
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Old 01-05-2014
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Default Re: Seller account banned, 1099 form question

Need not worry they will still send it out to you.. and my advice just keep good records of all the sales not hard to do nowadays.
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