Filing Taxes as an Ecommerce Seller: A Detailed Guide to Walmart Tax Services
Hey there! As an ecommerce seller, tax season is our least favorite time of year. But it doesn‘t have to be a dreadful experience.
In this comprehensive 2800+ word guide, I‘ll explain how Walmart‘s tax filing services can save you time and headaches with your ecommerce taxes.
As an experienced FBA seller and data analytics guru, I‘ll provide tons of insider tips to optimize your tax prep as a seller!
Let‘s dive in…
How Walmart Tax Filing Works for Ecommerce Sellers
Walmart has teamed up with Jackson Hewitt tax service to offer tax prep right inside their stores. This provides a convenient option for ecommerce sellers to file their complicated online business taxes.
Here‘s an overview of how it works:
In-person tax prep – Meet one-on-one with a tax pro to handle your ecommerce taxes. They‘ll walk through everything from deductions to income sources.
Drop-off service – Drop off your documents and pick up the finished return later. Perfect if you sell on Walmart.com!
I recommend the in-person service as an ecommerce seller. With all our complex documents and questions around FBA fees, inventory costs, and mileage, it‘s ideal to work through it with an expert.
Key Benefits for Ecommerce Sellers
Here are the key reasons why Walmart tax services are a great choice for ecommerce sellers:
Convenience – With over 3,000 locations, there‘s likely one near you or your sourcing stops.
Expertise – Jackson Hewitt has decades of tax prep experience including with online sellers.
Maximum refund – Advanced expertise means identifying every possible deduction to minimize your tax burden.
Fast turnaround – Get your complex return done in an hour or less so you can focus on selling.
Supporting docs – Tax pros can print any extra forms like Schedule Cs that ecommerce sellers need.
Cost to File Ecommerce Taxes at Walmart
Filing with Jackson Hewitt at Walmart starts at $48. However, more complex returns cost more:
| Return Complexity | Average Cost |
|---|---|
| Simple W-2 | $48-$80 |
| Self-Employment | $100-$150 |
| Rental Property | $150-$300 |
| Small Business | $200-$400 |
As an ecommerce seller, expect to pay $150-$300 depending on your number of income sources and deductions.
While not dirt cheap, Jackson Hewitt offers very fair pricing considering their expertise with business taxes. Well worth it for the convenience and maximized refund!
Dates and Locations
Walmart tax services run January 1st through April 15th each year. Offices are open during regular Walmart hours.
Jackson Hewitt sets up in over 3000 Walmart stores across the US. To find a location:
Visit JacksonHewitt.com
Enter your zip code
Find the nearest Walmart under "In Retail Locations"
I recommend researching locations in advance and booking appointments by late January. Appointments fill up quickly, especially for business returns!
What Ecommerce Sellers Should Bring
Be sure to bring the following when filing your ecommerce taxes:
Personal Documents
- Photo ID
- Social Security card
- Prior year tax returns
- Dependent info
Business Income Records
- 1099-K forms for marketplace sales like Amazon, eBay, Walmart
- Payment processor 1099 forms like PayPal and Stripe
- W-2s if you have employees
- Business bank and credit accounts – all income sources!
Business Expense and Deduction Records
- Mileage log for sourcing trips
- Inventory and supplies receipts
- FBA and other platform fees
- Office supplies and equipment
- Phone, internet, and other utilities
- Business insurance costs
- Legal, accounting, and professional fees
Also bring any other less common tax docs like 1099-INT for interest.
The more details you provide, the more deductions your tax pro can find to lower your tax bill!
Online & Software Options at Walmart
While I recommend in-person help, Walmart also offers:
H&R Block Online – Discounted filing direct on HRBlock.com
H&R Block Software – DIY software from Walmart starting at $22
These are cheaper alternatives, but you miss out on 1-on-1 guidance from a dedicated tax pro. As an ecommerce seller I don‘t recommend attempting your own taxes as the rules are incredibly complex!
Getting Your Refund
You can receive your refund:
- At Walmart‘s check cashing desk
- On a prepaid debit card
- Via direct deposit to your bank
I highly recommend direct deposit for fastest access to your refund. Be sure to get a refund estimate from your tax preparer so you know when to expect that cash influx!
Taxes Don‘t Have to Be Hard with Walmart‘s Help!
As an ecommerce seller, I know how overwhelming tax time can be. But Walmart‘s Jackson Hewitt tax services help simplify the process with convenience and expertise.
Their seasoned tax pros have the advanced experience needed to handle our complex online business taxes and get us every deduction possible. This saves us sellers time, stress, and money!
While not the absolute cheapest filing solution, the combination of reasonable prices, max refund guarantees, and hassle-free filing is compelling.
So if you sell on Amazon, eBay, Walmart, or your own site, take advantage of Walmart‘s tax services this year for easy filing. Just don‘t forget to stash away for next tax season!
