Filling taxes
Hey everyone, this is my 1st time filing taxes as a amazon seller, I was just wondering what accountant do anyone use? for both personal and business tax filing. And where do I find the taxes documents? Thank You.
Filling taxes
Hey everyone, this is my 1st time filing taxes as a amazon seller, I was just wondering what accountant do anyone use? for both personal and business tax filing. And where do I find the taxes documents? Thank You.
3 Antworten
Seller_kIukTwdhvntAp
Do a Google or Bing search for accountants in your area. Contact them by phone or email and be sure they are familiar with helping Amazon sellers.
Go to the "Menu". Look for "reports" and the "tax document library."
CR_Amazon
@Seller_n3mdtOoYzL6zn
Hello there. I wanted to pop in here to provide you with some additional information on where to find your report. @Seller_kIukTwdhvntAp has already provided you with some great guidance above.
Amazon will provide your Form 1099-K to you on or before January 31 of the following year via electronic or physical mail delivery, depending on your selected preference. By default, the form will be postmarked on or before January 31 and will be mailed to the address provided by you in the tax interview.
Alternatively, you can retrieve the form from your seller account. From the Reports section, select Tax document library, followed by the appropriate year, and then Form 1099-K. Click Download PDF link.
Please review this resource for more information on the 1099-K form.
CR_Amazon
Seller_kIukTwdhvntAp
Additional note ---
@CR_Amazon gave you some sources.
What they did NOT say is if you didn't sell that much you will NOT get anything!
Here is the info from Amazon:
https://sellercentral.amazon.com/help/hub/reference/GT86AHE3YMNCB4P4
IRS Form 1099-K – form generation and payee information FAQ
Important: Information on this page does not constitute tax, legal, or other professional advice and must not be used as such. If you have other questions, contact your tax, legal, or other professional adviser.
There has been a recent change in tax reporting rules relating to U.S. third-party settlement organizations and payment processors, including Amazon. The law reduces the thresholds from $20,000 in unadjusted gross sales and more than 200 transactions down to $600 and no transaction threshold for IRS Form 1099-K. However, the Internal Revenue Service (IRS) has delayed the effective date of the new reporting threshold, and it will not be applicable for tax year 2023.
For calendar tax year 2023, Amazon is only required to issue a Form 1099-K to you if a seller had:
More than $20,000 in unadjusted gross sales, and
More than 200 transactions.
If you did not meet the reporting threshold for the respective tax year, you will not receive an IRS Form 1099-K from Amazon.
