E-Commerce Income Tax
Marketplace payouts and bank deposits do not by themselves establish taxable profit. Reconcile sales, refunds, fees, inventory, and cost of goods sold before selecting and preparing the return.
Reports from Amazon, Shopify, eBay, Stripe, or PayPal do not necessarily use tax-return definitions. We reconcile Forms 1099-K, settlement reports, bank activity, and inventory records across the full transaction chain. Deductions require a business purpose and supporting records.
Start a service requestIdentify every store, marketplace, processor, bank account, and tax year.
Separate and match sales, refunds, fees, transfers, inventory, and cost of goods sold.
Determine the returns and information filings from the entity, ownership, and operating facts.
Complete the agreed filings after client confirmation and retain workpapers explaining material differences.
FAQ
Generally, taxable business income is still reportable. The IRS states that platform or gig income may be taxable even if no information return is issued or the work is part-time.
Not necessarily. It may reflect gross processed payments before refunds and fees or combine activity from several channels. It must be reconciled to orders, settlements, and bank records.
There is no universal answer. Inventory, cost of goods sold, and accounting-method treatment depend on the facts and applicable rules, including beginning and ending inventory.
It depends on tax classification, ownership, U.S. activity, and related-party transactions. Income-tax and information returns should not be selected from the legal entity name alone.
ABS INTAKE
Start with the state, entity type, tax year, sales channels, deadline, and bookkeeping status. Do not email tax IDs, identity documents, bank details, or full tax returns through ordinary email.