March 23, 2018

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Related Articles

Mystery Shopping is a Big Business

The Purpose of Mystery Shopping

How to Earn Money From Home as a Mystery Shopper

How to Find Legitimate Mystery Shopping Jobs

Popular Industries that Use Mystery Shoppers

Tax Deductions for Mystery Shoppers

How to Spot Mystery Shopping Scams

Mystery Shopping Frequently Asked Questions

Mystery Shopping & How to Present Yourself While On the Job


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Tax Deductions for Mystery Shoppers

If you are a mystery shopper, then you are considered to be self-employed and may therefore be eligible for a number of tax deductions. In being self-employed, anything that you use in relation to your business may be deductible providing that you save your receipts and can prove how the item(s) are beneficial and necessary for your career.

Mystery shoppers can either conduct evaluations in person, by phone or via the internet. As such, the gasoline for your automobile may be deductible when used in conjunction with travel for a mystery shopping job. In order to deduct the cost of gasoline, you must save your receipts. If some or all of your mystery shopping work is done via the internet and/or telephone, you may be able to deduct part or all of the cost of your computer, internet access and/or a telephone line if used for the purpose of mystery shopping activities.

As a mystery shopper, you will work at home on occasion or at least during the completion of your questionnaire. When you accept a mystery shopping job, you will be given a set of questions that are to be answered according to your experience with the company being evaluated. As such, the cost of office supplies, including paper, pens, office furniture and possibly even a fax machine may be deductible if used in the course of business.

If you work as a mystery shopper, being an independent contractor has many obvious perks. One thing that is missing from all work at home opportunities, however, is health benefits. Every self-employed individual is faced with having to search for their own health insurance policy. Unlike a traditional employer who often provides insurance packages as an employee incentive, self-employment requires that you handle matters relating to your own coverage. As such, the cost of health insurance may be tax deductible.

In addition, if you pay any type of fees relating to mystery shopping, including travel, memberships and/or subscriptions, these too may be tax deductible. Self-employed individuals, when required, must file Schedule C with the IRS to report all income from the operation of a business. In some cases, Schedule C-EZ may be filed if certain requirements are met. When tax time rolls around, be sure to have all receipts and/or expenses organized in an orderly fashion for fast and easy reference. If possible, keep all paperwork and financial information separate from your other income to allow for simple identification.

Being self-employed and/or enjoying the ability to earn money from home is the choice of many Americans. In addition to the emotional rewards and satisfaction, the financial benefits are unmistakable. Setting your own hours, working as much or as little as you want and having more control over your income are just a few of the benefits to being a mystery shopper.

The information provided in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal, financial and/or tax advice relating to self-employment and/or tax deductions. For additional information relating to taxes, consult with a local tax professional or the IRS directly.

5 Ways a Mystery Shopper Program Can Improve the Guest Experience

Most restaurant operators are familiar with the concept of a mystery shopper; people who visit a restaurant and fill out a report based on their experience. It's a concept that's been around nearly as long as the restaurant business itself. But while ...

Published:  Fri, 09 Mar 2018 11:43:00 GMT

Sydney Trains spends millions on mystery shoppers

The NSW Berejiklian government has signed a secretive two-year, multimillion-dollar contract for mystery shoppers to ride the Sydney Trains network, The New Daily can reveal. Accounting firm Ernst and Young was contracted at a figure understood to be $4 ...

Published:  Wed, 14 Mar 2018 17:12:00 GMT

Greythorn: A mystery "˜suburb' where the locals aren't even sure where they live

But no. Don't get excited. The real Greythorn is a little enclave in Balwyn North. Its name covers a park, a shopping centre, and a road. And a house here will cost you about $1.9 million. Ask a Greythornian if Greythorn is different to Balwyn North ...

Published:  Tue, 20 Mar 2018 03:28:00 GMT

FA - Mystery Shopper West Sussex - IJO - 22032018

Each week the mystery shopper seeks advice from independent advisers in the UK. The aim is to find out whether advisers are delivering the goods when it comes to the all-important initial telephone contact between client and adviser. It is only intended to ...

Published:  Wed, 21 Mar 2018 04:22:00 GMT

Thieves steal millions of PC Optimum points, go on shopping sprees

"I was shocked," she said, after discovering the bogus transactions plus an indication that a mystery cellphone had been linked to ... Loblaws merged its two rewards programs - PC Plus and Shoppers Optimum - to form PC Optimum on Feb. 1.

Published:  Thu, 22 Mar 2018 01:00:00 GMT

So... where's the tape The mystery surrounding the secretly recorded audio of Peter and Karl Stefanovic discussing Georgie Gardner deepens - as rumours swirl 'it has been ...

Entertainment journalist Peter Ford alleged on Monday that an Uber driver is shopping around audio of an explosive chat ... with the siblings engaging in a bit of 'b*tching' and 'moaning'. However, mystery stills surrounds the infamous recording as ...

Published:  Mon, 12 Mar 2018 18:12:00 GMT

Scam Watch: Walmart doesn't solicit mystery shoppers

OSWEGO (WSYR-TV) - An Oswego County woman says she got a strange offer to become a secret shopper for Walmart and Western union...and suspects it's a scam. The letter, sent in the mail, instructs her to cash a $17-hundred check to test workers' customer ...

Published:  Sun, 18 Mar 2018 21:16:00 GMT

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