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Taxes

December 23, 2010 08:05PM
What are you supposed to do if you earned less than $600 from a company and don't get a 1099. I have my own ideas but I don't want to cross the you know who.
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More About Mystery Shopping Taxes
December 23, 2010 09:32PM
If you are required to complete an IRS Form 1040, income from shopping goes on a Schedule C. Any expenses against the income (mileage, office supplies, etc.) also goes on the Sch. C. The net profit or loss amount will transfer to the Form 1040.

See Flash's Sticky under the New Mystery Shoppers section. Very helpful information! [www.mysteryshopforum.com]
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December 23, 2010 10:38PM
I was actually asking if you are required or wise to list it if it's below the $600 threshold.
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December 23, 2010 10:50PM
I use my shop sheet as my backup and claim $X as a single total of all money not 1099ed. So $X + all 1099s matches back to my shop sheet as all receipts and I go from there.
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December 28, 2010 04:36AM
ces1948 Wrote:
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> I was actually asking if you are required or wise
> to list it if it's below the $600 threshold.


You have to report every dollar you make to the IRS, even if it's below the $600 threshold which will generate a 1099.
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