Amazon FBA 2024 SALES TAX Collection Explained in 5 Minutes

How can I check and see, or make it so my LLC is taxed as an S Corp in order to save money on taxes? I hear that this is what I am supposed to do but i don't know how to see if i am set up that way or how to change it. Any idea? I cant find it in any of the tax settings and menus.

I am selling about to start selling products on Amazon using FBA. I live in New York. Does that mean I don't need a Sales tax certificate?

Great video! the service I used to obtain my resellers certificate for my LLC, told me that it is required in certain states to file the sales tax quarterly.. is that accurate? I was confused when he said that..

Absolutely agree! Bookkeeping and taxes done right will save you a ton of time and headache!

Thanks so much man. The fact that your video is relatively short compared to others is what convinced me to listen to you...and you hit a home run. Best wishes.

Does this work Amazon FBM also??

Does amazon collect sales taxes for all states (apart from the 5 you mentioned) with individual and professional plans, or just professional plan? Their website says "All tax calculation settings and functionality will be removed immediately." when I try to downgrade to individual plan, so I am confused, but I would have assumed the tax collection should happen irrespective of the plan (because its by the law?).

Hi Everyone! Does anyone know. Why Amazon FBA Calculator doesn't take into account the Taxes of the sales that they charge?

Hi, Any chance you want to delve into Canadian marketplace tax collection/remittance; particularly Quebec based sellers?

Hi Kao. Thank you for your content, really excellent. I don't know if you have a video about it, however, Do you know if as a foreign Amazon Seller, with a Company in one state and a Virtual office with a physical address in another state, a Foreign LLC should be formed where the virtual office with physical address is?.

My amazon business llc is registered in Florida. Do I need to file any sales tax in Fl or does Amazon do that for me?

This video was extremely helpful and easy to understand! Just one question, to determine if we fall under the Economical Nexus for Missouri, does that have to be $100,000 in adjusted gross sales just for (or in) that state or in general that covers all states? Another question, if we need to still file our sales tax in our local state where our business is registered, then we can just file $0 sales tax since Amazon is already taking care of this. Correct? Thanks!!

So grateful for your videos! Thank you. What about the item level tax settings in the listing creation? Do you select a tax setting there or not needed? I am in California if that makes a difference.

Nice video, some questions. 1.What are the reports in seller central I need to download for the accountant to check?
2. Amazon remits GSTand PST, what will I do with that?

if a distributor asks me in what state I sell, what should be my answer? because I sell on amazon.

If I collect tax from my customers who leave in another state and I don’t reach the Nexus threshold. What happens? Am I obliged to return the money to the customers? How companies know when they will reach the Nexus. It is so hard 😢

I am based in Canada but selling in USA. Can you please tell me if I need to pay taxes or Amazon will take care...

Thanks man!

Hey there! Greatly appreciate the video. I do have a question. So what your saying is I do not actually have to have a sales permit in every state that I have sales tax nexus? So if Amazon, through FBA, stores my product in Texas, do I need a Texas tax permit? Would greatly appreciate the feedback! I am a little confused by this and can't seem to find a direct answer. Thanks.

Hi Sir many thanks for your effort to do this vdo so i've got a question. What about the Offshore company ? i mean if you have a company outside USA for exp. panama ? THANKS a LOT