DevaSSE Wrote:
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> For flat fee shops with a required purchase that
> is not reimbursed, that is a required purchase.
> When doing your taxes, you have your income as
> what is listed on a 1099 (if you receive one) OR
> make sure you keep good track of what you are paid
> each month from all companies. On your Schedule
> C, you will put in all of the required purchases
> (food, groceries, etc) as expenses.
>
> It makes it a lot easier if you have a good
> detailed spreadsheet. Years and years ago, I
> bought the Mystery Shopping Bible (I don't like
> the title of the spreadsheet, but that's what it
> is). It is actually WONDERFUL and many of the
> different worsheets work together with formulas so
> you don't actually have to add up everything
> yourself.
I have and use the MS Bible also because I don't know Excel well enough to start something from scratch. For flat rate shops with a required purchase, I have been putting the flat fee in the shop fee column and the required purchase amount in the purchase amount column.
One of the other posters said that I should subtract my purchase amount from the fat fee amount and only show that as my payment in the shop fee column and then the amount I paid under the reimbursement amount column. It sounds like you are not agreeing with this method. Or am I misunderstanding one of you?
P.S. I just had a back procedure performed yesterday so I am still on pain killers. Please be kind.
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“I'm the one that's got to die when it's time for me to die, so let me live my life the way I want to.”
~ Jimi Hendrix
“The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time.” ~ Mark Twain
“To the well-organized mind, death is but the next great adventure.” ~ J.K. Rowling, Harry Potter and the Sorcerer's Stone