@LindaK wrote:
You do NOT report income. below $600. Call the IRS. . Maybe you learned something today.
@MissT48917 wrote:
I'm wondering if you include unreimbursed expenses for a shop that you did but was told that you did not do it correctly so they're not going to be paying for the expenses of the food shop, such as a restaurant shop.
@LindaK wrote:
You do NOT report income. below $600. Call the IRS. . Maybe you learned something today.
@Piled Hip Deep, PHD wrote:
It is my opinion that we should have a federal sales tax where the merchant takes the appropriate tax at time of sale the way most states take sales taxes.
@LindaK wrote:
You do NOT report income. below $600. Call the IRS. . Maybe you learned something today.
@johnb974 wrote:
"As far as reimbursement, this should Not be included as income. However, if it IS included as income on a 1099"...….reimbursement are NOT included on the 1099. They are NOT reportable as income. Reimbursements are not EARNED income.
@LindaK wrote:
You do NOT report income. below $600. Call the IRS. . Maybe you learned something today.
One item keep keep track for a deduction is when the actual reimbursement for the required item does not fully cover the requirement. For example, I do a pizza shop that reimburses $12. In some pricey mall locations, the item costs about $12.26 with tax. I keep track of that 26 cents since it was an expense for which I was not fully reimbursed. I know this is more than most shoppers need to know. What is important is that you legally can't write off a $40 fillet when the shop requires that you buy a $10 burger.@johnb974 wrote:
Reimbursements are not reported
Wrong, wrong, wrong. You have to report every single penny you make as income. Picked up a last minute $12 shop from a new company? It gets reported. Sell something on feebay for more than you paid for it? It gets reported. Belong to a bartering club where you make regular barters? The value gets reported. You have to pay taxes on all of it - millions on welfare are counting on you.@LindaK wrote:
You only have to report income over $600. Your 1099 will have everything you need to know. Any income elbow $600 does not have to be reported.
More on this good advice: You take expenses in the year you had them, income in the year you got paid. Most MSCs pay December shops in January. Now is a good time to start 2019 bookkeeping. You write off mileage expenses for December shops in December but if you get paid in January, that income is filed with 2019 statements. It is not hard if you keep an Excel spreadsheet (any 10-year-old can set it up for you.)@myst4au wrote:
Some MSCs pay a flat fee which includes the amount of required purchases. In those cases, I report the total amount (no choice if I earn enough to get a 1099), and then list the cost of the required purchases as reimbursed expenses / other expenses on Schedule C. That results in the reimbursed expenses being subtracted from my income. Easy to do. I use TurboTax and it walks me through the steps. I am sure that other tax preparation programs do so as well.
Other comments: The IRS requires a contemporaneous record of mileage. I record all of my trips in an Excel spreadsheet. In the same spreadsheet, I record the odometer reading on January 1 and on December 31. Averaged over 10 years, about 1/4 to 1/3 of my "income" is offset by mileage. This will vary from one person to another, but those of you who are not subtracting mileage are missing out an a large "deduction". I keep receipts for paper, ink, tape, etc.
@nmary wrote:
I actually went to Maui and got paid $200 in fees. I do intend to deduct my air travel, food, parking, and car rental because that was the purpose of the trip. I imagine the auditor would be jealous of what we do, but it’s all above board and accurate.
Not really an apt comparison, but good try, person-using-a-second-account. A mandatory contribution to an individual's household budget is not the same as a mandatory contribution to something which benefits the whole. EBT is not infrastructure.@SoloAct wrote:
The "millions on welfare" comment is snarky. How 'bout the federally funded or subsidized road you drive on to get to your mystery shop? Or the national park you like to visit. We all pitch in to fund the infrastructure that we all use. That's how it works, and that's the reason to pay our shares.