I think I made a huge mistake joining Amazon Vine! I was sent an invitation from Amazon asking me to join the Vine program because they liked how I write reviews for products I purchased with Amazon. I was told initially that I can order unlimited products from different sellers and all I had to do is to honestly review the products. They also said as long as I did not sell any of the products I recieve I would never have to pay anything. Then I was like a kid in a candy store and went overboard and ordered so many things but I kept up my end of the so called bargain and I wrote reviews for every product. Plus I kept every thing I ordered and I never sold anything and I never planned on ever selling any of the products and I never will sell any of the products I recieved. Then I was just notified I have to pay tax on everything I got. I was told when I signed up all I had to do was to review the products honestly and I got to keep everything, and keep it all for free. Now I have to pay taxes....I have been so upset that I have literally gotten myself sick over this. If I knew this was going to happen I would have never done it and I think I got about almost 15 thousand in merchandise but everything I got was to fix up my house and to get things myself and my family could not afford all these years. There is no way I can afford to pay all of those taxes so would I be able to possible make monthly payments. I knew this was too good to be true and I realize I am an idiot that made a huge mistake....so tax wise what do I need to do? I am 67 years old and I have not had to file a tax form in decades so I am lost here. Thank you in advance.
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Sorry you misunderstood the program. What you received is considered income and is taxable. After you compute your taxes owed, you can apply for a IRS installment plan the owed taxes.
There is not much you can do at this point; you need to report it.
Thank you so much for your advice!
Thank you, I appreciate your help.
If your amount is under $20,000 you may not be getting a 1099-K for 2024.
It depends on Amazon policy.
See here:
Thank you so much, I appreciate the help...
I tried to go to the link you sent but for some reason it says page not found. That would be a huge relief if Amazon didnt send me the 1099 form, i think thats the form...anyway again thanks for getting back with me.
ok, thank you!
It worked! Thank you so much it reallt helps me to understand this situation. Again thanks! I really appreciate it!
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