This is my first year mystery shopping. My question is when filing, what does the government see as earnings? Since we receive money for a job as well as payment for, lets say a meal at the restaurant we are evaluating, will we be taxed for the entire payment or is there a space to specify the expenses for that partucular shop and what if we do not specify deductions?
You will report both income and expenses on Schedule C. There is a space to report expenses that can be deducted from income. If you go to the New Mystery Shoppers area of the forum, there is a very helpful topic all about taxes for your new business operation. After reading there you may have additional more specific questions about taxes. We wil be here for you!
Welcome to the forum.
Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel