Here’s the situation: I opened a company in Kentucky, USA, and then registered an Amazon account.
I know the company needs to undergo an annual audit, but can anyone offer advice on tax-related issues?
With a new company and a new account, how should I file taxes if I generate sales in the future?
With a Kentucky company and a newly registered Amazon seller account, your tax obligations will generally involve federal, state, and potentially sales tax compliance, depending on activity and structure. At the federal level, you will file an annual return with the Internal Revenue Service based on whether the company is an LLC taxed as a disregarded entity, partnership, or corporation, and even if there are no sales you should still file a zero or informational return to remain compliant.
At the state level, Kentucky requires annual filings and, if you have sales or nexus, income or franchise-related filings with the Kentucky Department of Revenue, while sales tax registration is only necessary once you actually begin selling and have taxable transactions or inventory stored in-state.
Amazon will collect and remit sales tax in most states under marketplace facilitator laws, but you are still responsible for registering, filing periodic sales tax returns, and reporting those collected amounts correctly.
Practically, you should obtain an EIN, open a US business bank account, keep clean bookkeeping from day one, file annual federal and Kentucky returns even if dormant, and engage a US CPA familiar with Amazon sellers to set up the correct tax classification and ensure compliance once revenue starts flowing.