Understanding Sales Tax Collection for Amazon FBA in 5 Minutes for 2024

Amazon FBA

Amazon FBA, or Fulfillment by Amazon, has become an increasingly popular option for e-commerce sellers looking to streamline their operations and reach a larger customer base. One of the key aspects of selling on Amazon FBA that sellers need to be aware of is sales tax collection. In this article, we will explain the basics of sales tax collection on Amazon FBA in 2024 in just five minutes. Firstly, it is important to understand that sales tax laws can differ from state to state, and even from city to city. This means that as an Amazon FBA seller, you may […]

How to Understand Amazon FBA Taxes to Prevent IRS Audit

Amazon FBA

Amazon FBA has become a popular way for individuals to earn income. However, with this increase in popularity comes increased scrutiny from the IRS. One way to protect yourself from an IRS audit is to understand the taxes associated with your Amazon FBA business. As an Amazon FBA seller, you are considered a small business owner by the IRS. This means that you are responsible for reporting your income and expenses on your tax return. Failure to do so can result in an audit by the IRS. One of the most common mistakes made by Amazon FBA sellers is failing […]