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- - amazon and taxes, is this a must for me? (https://www.aspkin.com/forums/amazon/82629-amazon-taxes-must-me.html)

jboone733

02-07-2015 02:24 PM

amazon and taxes, is this a must for me?

ok so last year in a month and half I netted almost 20k before being banned. I didn't have an LLC or anything just my regular account. Do I have to do taxes on this amount? Would it be a terrible idea to not claim this?

Kelly441

02-07-2015 11:12 PM

Re: amazon and taxes, is this a must for me?

Yeah if you don't want to go to jail for tax evasion

123	02-08-2015 02:57 AM

Re: amazon and taxes, is this a must for me?

dont recommend messing with the IRS, if you make money just pay taxes

vogeltron

02-08-2015 04:58 AM

Re: amazon and taxes, is this a must for me?

Federal Law states that you are suppose to report all earned income. They don't care if it is selling drugs on the street corner. If you went over 20k/200 Transactions a 1099k will be filed with the IRS.

rsot	02-08-2015 10:32 AM

Re: amazon and taxes, is this a must for me?

Time to consult a financial professional

zexaah

02-11-2015 01:20 AM

Re: amazon and taxes, is this a must for me?

u do not have to at all sir.

rsot	02-11-2015 01:35 AM

Re: amazon and taxes, is this a must for me?

Quote:

Originally Posted by zexaah (Post 641108)

u do not have to at all sir.

You are recommending tax evasion? :eek:

GreenBean

02-11-2015 02:03 AM

Re: amazon and taxes, is this a must for me?

Quote:

Originally Posted by zexaah (Post 641108)

u do not have to at all sir.

We do not give out tax advice.

do not be offering what you appear to know very little about.

You are making trouble.

jboone733

02-14-2015 11:44 PM

Re: amazon and taxes, is this a must for me?

thanks guys.. I will bring it up with my CPA. Just curious here

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