rarely done Wrote:
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> First, you need to be ready to spend money to make
> money. All the driving around eats up gas, so plan
> your shops in groups of 2 to 4, and map the route
> to be efficient. Also, you may be required to make
> small purchases, many of which you will be
> reimbursed for: gas, gum, a meal, a hammer, etc.
Absolutely correct and wherever possible, plan out your schedule to be going to shops at least in the same direction on the same day/trip.
>
> Second, it varies when companies pay you: 2 - 6
> weeks.
>
> Third, keep good notes and keep your shop history
> up to date on your laptop. You will need all your
> mileage for taxes. This is my first full year at
> mystery shopping, and I am going to try assuming
> that anything I do not get reimbursed for is my
> expense - so spend wisely. If the shop has a
> maximum reimbursement for a meal, I try not to
> spend any more than that.
And keep track of expenditures for required purchases where you are NOT reimbursed (a "flat fee" shop) as these are deductible as business expenses as well as the situations where you are actually not reimbursed enough to cover the required purchase(s). The latter include situations such as you are required to purchase a "basic oil change" and reimbursed $30 but the actual cost was $34.87. The $4,87 is an "unreimbursed business expense". Or you are reimbursed "up to $1" to get a receipt for a small purchase and discover there is nothing you can readily spot in the store that is less than $4.99. Your total comes to $5.34 because you purchased the cheapest thing you could find. $3.34 is "unreimbursed business expense.
>
> I have grossed $900 in 2010, but my expenses eat
> up almost 2/3 of that. I don't believe that it
> costs me 30 cents/mile, so I may gain something
> there. I figure if my husband and I can have a
> meal out, or go bowling for free, it might be
> worth all this.
Yes IRS allows a 50 cent per mile mileage deduction for at least the first half of 2010. Unless you are driving a car that is depreciating fast or leasing a vehicle, the chances are good that 50 cents per mile more than covers your gas, tags, insurance, maintenance and other vehicle expenses. You will find it useful to enhance life style with shops (like the bowling or eating out) as reimbursements are not taxable.