Learn the basics of sales tax collection and remittance for Amazon FBA sellers from industry expert Mark Faggiano of TaxJar (http://www.taxjar.com). This webinar will take the mystery out of a complex topic with serious financial implications for your FBA business.

Mark will cover when FBA sellers must collect sales tax, how to determine how much sales tax to collect, and what changes if the current federal sales tax legislation passes.

Presenter
Mark Faggiano, industry expert and Founder / CEO of TaxJar — a service built to make post-transaction sales tax compliance easier for multi-channel ecommerce sellers. Mark previously co-founded and led FileLater to become the web’s leading tax extension service for both businesses and individual taxpayers.

Learn the basics of sales tax collection and remittance for Amazon FBA sellers from industry expert Mark Faggiano of TaxJar. This webinar will take the mystery out of a complex topic with serious financial implications for your FBA business.

Mark will cover when FBA sellers must collect sales tax, how to determine how much sales tax to collect, and what changes if the current federal sales tax legislation passes.

After “Sales Tax Bootcamp,” you will be armed with the tools and resources to take charge of this complicated part of your FBA business.

How to set your tax setting in Amazon Seller Central.

In this video Seller Essentials shows you How to add a sales tax exemption to your Amazon Account.

One strategy to find products to resell on Amazon or eBay is to look on Amazon for items selling far below what they normally do. If you are going to buy products from Amazon.com to resell, I would recommend setting up a separate Non-Prime buying-only account just for your AZ to AZ flips.

One of the main reasons to do this is that you can add your sales tax exemption/reseller’s certificate to you buying account. Doing this allows you to buy all of your AZ purchases that are for resale tax free.

How do you do this? It’s pretty simple.

Log in to your Amazon account first. Then click where it welcomes you with “Hello, XXXX” and “Your Account” directly under it at the top right side of your screen. Once you click on this, your account options will show up.

Go to the third box down titled, “Settings.” In this box, you will see “Amazon Tax Exemption Program” in the left hand column. Click this, and you will be walked through the application process. On the next screen, click “Edit Your Tax Exemptions.”

Once you do this, it will ask you to choose the state where your Tax ID was issued. Select your state, and click “Save and Continue.” The next page will ask you what type of tax exempt organization you are. Select “Resale” unless you have a different tax exempt code. Click “Save and Continue” again.

On the next screen, make sure the correct form is in the row under “Form Name.” This will differ from state to state. Now hit “Continue.”

From here you simply fill in all of the information about your organization, click “Save and Continue” and then upload your tax exempt form. They will ask you to review everything to make sure all of the information is accurate, and then you sign electronically and submit.

Now you are ready to purchase resale deals on Amazon without paying tax.

One other important note: It is Amazon’s policy that you may not use PRIME shipping to ship your items that you intend to resell. You can use the Free Super Saver Shipping option though. You’ll need to order at least $35 worth of merchandise to be able to take advantage of this Free Shipping option. This option is not available with a Prime account, so to be sure you are in compliance, set up a separate buyer account. Even selecting the slow shipping method with Prime is not within the policy guidelines, since Amazon gives you a free gift with that option. You must be using a non-Prime account in order to be in compliance.

Be sure to check out SellerEssentials.com for more tips, tools, and resources to help you run your online business more efficiently and more profitably.