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21
Amazon just upped the ante in the race for free holiday shipping

Amazon upped the ante by expanding free shipping to all customers through the holidays, with no minimum purchase required. The retail and tech giant is also offering Prime Members free same-day delivery on more than 3 million items. Prime members, who pay $119 a year for the service, already receive free two-day shipping with no minimum purchase necessary.


The battle is real between Amazon, WalMart and Target.
Oh yes, it is.
22
Nope.
Not sure.
Just googling...alot.
I have brought this up to my accountant.
He is on it, so I'm not as worked up about this as I normally am.

Just ran a 'quasi' report on the taxes I've collected via my main selling venue/Amazon.
The amount is so small. So very small.

I will be checking in with accountant before end of year and this is one of the items I need to make sure I pull reports for or not.


Thanks for input, Steve.
By all appearances, this is going to be a mess.
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* Amazon Central / Re: Dogs of Amazon
« Last post by Southern Jewel's Fab Finds on November 06, 2018, 09:25:18 AM »
I've had one fixed.
After months of bumping my ticket.
The rest I said the hell with it and moved them to another venue.

Now, the amount of suppressed in my dashboard...SKY HIGH!
Every time I sign in...more are added.
I've taken care of all but 2 that just won't 'take' for some reason.


24
Won't the 1099-K throw a wrench into the theory?
Paypal, credit card processors, Amazon Pay, Apple Pay, etc are required to report earnings/payments of 200 AND $20,000.00.
I say Paypal because if it's an option on a website, I'll normally use that or Apple Pay.
So, I would think there wouldn't be a way around this.

Am I wrong?

There is no way around it for the state that you are in. Minnesota has no right to my federal tax income, so it would not have the 1099K information.

As far as PayPal and other credit card processors reporting to each state how many sales it has processed for each company, are you sure about that? I only thought that the information reported on the 1099K went to the federal government and not to each and every state with the company's business information.
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* Amazon Central / Re: Dogs of Amazon
« Last post by uncleleroy on November 03, 2018, 03:10:17 AM »
There is a thread currently in the forums dealing with that very issue. As of right now, there are 305 posts. It's been an ongoing issue for quite some time and nobody at Amazon seems to know (or care to know) how to fix it.
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(Standard not an attorney nor an accountant disclaimer)

The 1099K goes to fed govt, and that data carried over to state(s) where you file income tax, so they'll have a clue, but other states won't.

That being said, imho it would still depend on the state income tax ppl talking to the state sales tax ppl, which doesnt always happen.  In Okla, they have been comparing notes for at least a few years now, but with mixed results.

For example, a person who works in sales tax division warned me that if I report zero sales on sales tax report, without showing all my sales first and deducting the non-oklahoma ones as non-taxable sales (with explanation that they were out of state) , that it could trigger an audit (because of total sales on sales tax report not matching total sales on income tax) and that she had seen that very thing happen more than once.  However, I've done this very thing and no audit. I suspect that such things change based on who is running things that year, that enforcement procedures and what to focus on is an administrative decision.

Another one I've seen pop up, as a result of two divisions sharing info, my mother sold an oil lease to another party and it included all equipment on site.  After filing paperwork with corporation commission (the agency in okla that overseas oil and gas wells) she got a demand for payment of sales tax from the tax commission. So, different agencies within the state can and do sometimes share data. But, again, I dont see state and fed sharing data unless you were filing income tax with both.
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* Amazon Central / Dogs of Amazon
« Last post by Southern Jewel's Fab Finds on October 29, 2018, 11:18:59 AM »
GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

So many freaking items are (and have been) going to the dogs.
Literally, The Dogs of Amazon page.

Last reported one took weeks and weeks and weeks to get reinstated.
Still waiting on 4 to be reinstated and one of those has been over a month.
What the heck?
28
Won't the 1099-K throw a wrench into the theory?
Paypal, credit card processors, Amazon Pay, Apple Pay, etc are required to report earnings/payments of 200 AND $20,000.00.
I say Paypal because if it's an option on a website, I'll normally use that or Apple Pay.
So, I would think there wouldn't be a way around this.

Am I wrong?
29
* Amazon Central / Re: Pushing for sellers to buy ads
« Last post by Southern Jewel's Fab Finds on October 26, 2018, 11:02:19 AM »
Back in the day...
Oh about 10 years ago, we had a member that swore by paying for ads via Amazon.
That person did quite well.

I signed up but never moved forward.
Glad I didn't as it just seems like a total waste of money for me.
30
I was just reading about this on Minnesota's tax dept website.  They do have a small seller exception. The tax collection requirement doesn't kick in until you ship 100 orders to Minnesota OR you have 10 or more sales that total $100,000 in more that are shipped to Minnesota.

MN tax dept link

If Amazon is doing it for us, okay, fine. As for personal sites and such, though, most mom & pop online sellers don't have to worry (yet).


Will most mom and pop online sellers (not on a third-party website such as Amazon, eBay, etc.) even bother? If they are having their own website, how many hundreds of thousands of websites are there for agents to go through and search out? And, if they are like me, they have a law firm as a registered agent so anyone looking for the owner will run into the law firm instead. Gotta love that attorney-client privilege.
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