Amazon FBA 2024 SALES TAX Collection Explained in 5 Minutes

New legislation has changed how taxes are collected and remitted on Amazon. Learn how these changes affect you and what you need to do for collecting and remitting sales tax as an Amazon seller. I'll show you how easily taxes can be set up on your Amazon seller account for each state.

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Marketplace Tax Collection

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00:00 Introduction
00:36 Sales tax vs Income Tax
01:42 Marketplace Tax Collection
02:16 Default Tax Settings
02:58 Physical & Economic Nexus
03:45 Updating Tax Settings
04:26 1099-K Tax Form
04:46 Bookkeeping Options

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DISCLAIMER
This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!

#AmazonTaxes #SalesTax #Taxes

[TheSmashCapital]

Great video. I was so confused on the tax setting page but your video clarified my confusion. ❤❤❤❤

[timtribiano]

Your videos are incredibly helpful. I don't think anyone provides the depth and breadth of knowledge you have provided over the years. Keep it coming 🤜

[Jallah-Tafari]

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.

[ecombalance]

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

[dnqyhnt]

That is the exact video I was struggling to find! Your explanation is simple and clear! Thank you so much! Bravo 🎉

[aryanasmith]

Excellent videos!
Thank you very much for your hard work.

[Xstevenn]

Straightforward, easy, and to the point! Love it!

[mr.washington]

Very informative. Thanks for the nexus explanation. Was confused on what it was exactly.

[devontaepayne]

Thanks bro like people that can get to the point of the question that was asked on top of adding great additional info more confident than ever now, usually dont leave comments but you deserved it bro keep up the good work, trying to get a piece of this american pie have my webiste coming soon and channel hope to stay in the loop with ya

[jeffwillis]

This was the video I needed! Thanks for making it simple and current

[garysaavedra]

This is great information - much appreciated. BTW, your lighting and background are fantastic.

[blaquesistah]

Nah this video just saved my life! Thanks Crescent!

[conniel]

Love how simple this was to understand, in a quick few mins! Do you have a video on how to book keep on your own when starting out? Thanks!

[tammyrealty]

Oh my goodness I have to say you have totally confused me, , LOL.. Yes I'm new FBA I was looking on YT to see if I should apply for an LLC to save me from paying taxes on the products I purchase then resell sell on Amazon... Now I'm confused... :(

[josevelasquez]

im starting my amazon business and this channel is helpful thank you!!!

[paulaj]

Thanks! You just made my life a lot easier!!!

[cissyz]

Easy to understand! Thanks, Crescent! Awesome content

[yxw]

Incredible video, and feel bad for Missouri folks.

[bhupeshbhuraria]

Please create a video on filling up Tax identify form while setting up Amazon seller center account.

[JamesWalker-pgco]

Thanks for this video!! ❤ You really made it so easy to understand. I appreciate it.