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Amazon to screw FBA sellers. Hands over Tax Info to Government

Published on: December 10 2022 by RockstarFlipper

Recently, Amazon has made a controversial decision to provide information about third-party sellers who use their Fulfillment by Amazon (FBA) service to the US government. This move has caused uproar among FBA sellers who feel that their privacy has been violated. In this article, we will explore the details of this decision and its implications for FBA sellers.

Details of Amazon's Decision:

• Amazon has agreed to hand over seller data, including names and addresses, to the US Internal Revenue Service (IRS).

• This move comes as a result of a court case where the IRS was seeking information about FBA sellers who had not paid their taxes.

• Amazon has argued that they are legally required to comply with the IRS request and have no choice but to provide the information.

• FBA sellers who are affected by this decision have been notified by Amazon via email.

Implications for FBA Sellers:

• FBA sellers who have not paid their taxes may face consequences from the IRS.

• This move by Amazon may cause trust issues between FBA sellers and the company.

• The privacy of FBA sellers has been compromised, and this may lead to a decrease in their confidence in Amazon's ability to protect their information.

• FBA sellers may also face potential legal issues if their personal information is mishandled by the government.

In conclusion, Amazon's decision to provide information about FBA sellers to the US government has caused a stir in the e-commerce community. While Amazon may argue that they have no choice but to comply with the IRS request, FBA sellers are left feeling vulnerable and exposed. It remains to be seen what the long-term implications of this decision will be for FBA sellers, but it is clear that it has raised concerns about privacy and trust in Amazon.

Amazon to screw FBA sellers. Hands over Tax Info to Government

- State governments are starting to go after Amazon to collect sales tax

- Unpaid sales tax from third party online e-commerce resellers is causing states to lose money

- Understanding sales tax for Amazon FBA sellers can be complicated

- Massachusetts is the first state to threaten legal action against Amazon for unpaid sales tax

Main Points:

- When a customer buys from an FBA seller in a state, the seller must pay sales tax and collect it from the customer

- Inventory stored in multiple states requires sellers to file and pay sales tax in each location

- Massachusetts is requiring Amazon FBA sellers with inventory stored in the state to report sales and pay sales tax

- Other states will likely follow Massachusetts in requiring Amazon to collect and report sales tax on behalf of sellers

- eBay only sellers only need to pay sales tax in the state they live in

- FBA sellers should set up tax settings to collect sales tax from customers and make sure to pay it

- FBA sellers may need to hire someone to keep track of sales tax in multiple states

- FBA sellers should educate themselves on sales tax requirements and be prepared to pay it

- Massachusetts is the first state to take legal action against Amazon for unpaid sales tax, and other states may follow

- FBA sellers should set up tax settings to collect sales tax from customers and make sure to pay it to avoid legal action and penalties.

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