5 ms·
Sounds like at least Amazon doesn't view this as taxable income. > 3. You may not sell, license, rent, or otherwise transfer Promotional Credit. Promotional Cr
by junar 5y ago
Sounds like at least Amazon doesn't view this as taxable income.
> 3. You may not sell, license, rent, or otherwise transfer Promotional Credit. Promotional Credit may be applied only to your own AWS account. Promotional Credit has no intrinsic value, is not redeemable for cash, has no cash value, is nonrefundable, and serves merely as a means to provide an incentive to use our Services. Promotional Credit may not be purchased for cash, and we and our affiliates do not sell Promotional Credit.
https://aws.amazon.com/awscredits/ https://aws.amazon.com/awscredits/
I speculate that this may be classified as a no-additional-cost service under the tax code.
https://www.irs.gov/publications/p15b#en_US_2021_publink1000193734 https://www.irs.gov/publications/p15b#en_US_2021_publink1000...
- londons_explore 5y agoI don't think it matters either way... If it was cash spent on AWS, it would be a business expense and the total amount given to the taxman would be the same by all parties right?
- conductr 5y agoMisreporting income is not a great idea even if it doesn’t change your tax liability. That said, I think of the “credit” as an elaborate discount or coupon system. Any CPA worth their salt could find a justification for why it’s not income.