Does Amazon remit taxes for me?
I need to know if amazon remits taxes on behalf of the seller. I have a seller permit In the state of Tennessee and if amazon does remit taxes on behalf of sellers, I am able to file taxes every year instead of MONTHLY. My last question is if amazon does remit taxes on behalf of the seller, does that mean I don't have to pay taxes to the Tennessee monthly since amazon already paid them?
Does Amazon remit taxes for me?
I need to know if amazon remits taxes on behalf of the seller. I have a seller permit In the state of Tennessee and if amazon does remit taxes on behalf of sellers, I am able to file taxes every year instead of MONTHLY. My last question is if amazon does remit taxes on behalf of the seller, does that mean I don't have to pay taxes to the Tennessee monthly since amazon already paid them?
2 replies
Seller_nRFmxiQg4EGrw
I cannot comment about the specifics of filing in your state, but yes, Amazon collects and remits the SALES tax on the items you sell (true now for all states that have a sales tax). If there are ANY OTHER taxes that apply, you will need to handle those (AFAIK, only Illinois has a problem with this, but don't take my word for it).
Note that you still probably have to file and report all of your sales; in NJ, we have to report the sales, then subtract out the sales for which there is no tax due; specifics will vary by state.
Note also that Amazon does NOT withhold anything that affects income tax. You will likely need to make quarterly Estimated Payments to the IRS; or as an alternate, if you have another job, you can increase withholding on that W-2.
CR_Amazon
@Seller_L0YmfQHm5Cgbj
CR from Amazon here, thank you for the post. While I am unable to provide specific tax advice, I have provided several resources below with more information on Amazon tax guidelines should these be of help to review with your tax professional.
After review, if your question is still unanswered, I recommend that you create contact your tax professional. You may also wish to open a case with Seller Support who can connect with the tax department.
CR_Amazon
