A2X Newsletter (for Online Sellers) | U.S. income tax basics for Amazon sellers
Tax season is officially here. Even if you’re already well-prepared, ecommerce income tax compliance comes with its own set of complexities – especially when it involves navigating Amazon’s reporting.
That’s why we teamed up with Steve Freshour ( The SellerCPA) to create a video guide that covers income tax basics for U.S.-based Amazon sellers. We walk through what to file, upcoming deadlines, and the Amazon-specific complexities that often trip up sellers.
Not an Amazon seller? These filing fundamentals are still a great pulse-check for your business as you head into tax season.
▶️ Watch the full video (32 mins)
Disclaimer: This video contains general information only and does not constitute income tax advice. Every situation is different, so please consult a qualified tax professional about your specific facts and circumstances.
This video covers:
- A breakdown of the specific filing forms and responsibilities by business entity
- The “1099-K gap” and how to avoid IRS red flags when reconciling your revenue
- The truth behind common myths about when you are (and aren’t) required to report income
- How to identify if your business qualifies for the 20% QBI tax deduction
- Why accrual-based reporting prevents distorted profits and helps attract investors
- A calendar of the critical tax filing deadlines
Looking for U.S. income tax filing services?
Steve and The Seller CPA team specialize in accounting and bookkeeping for Amazon sellers – get in touch here.
See you soon,
Geoff
