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  #1  
Old 02-07-2015
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Default 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?
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Old 02-07-2015
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Default Re: amazon and taxes, is this a must for me?

Yeah if you don't want to go to jail for tax evasion
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Old 02-08-2015
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Default Re: amazon and taxes, is this a must for me?

dont recommend messing with the IRS, if you make money just pay taxes
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Old 02-08-2015
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Default 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.
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Old 02-08-2015
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Default Re: amazon and taxes, is this a must for me?

Time to consult a financial professional
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Old 02-11-2015
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Default Re: amazon and taxes, is this a must for me?

u do not have to at all sir.
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Old 02-11-2015
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Default Re: amazon and taxes, is this a must for me?

Quote:
Originally Posted by zexaah View Post
u do not have to at all sir.
You are recommending tax evasion?
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Old 02-11-2015
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Default Re: amazon and taxes, is this a must for me?

Quote:
Originally Posted by zexaah View Post
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.
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Old 02-14-2015
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Default 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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