Hello any advise.. do i need to file a tax for the mystery shop payment that i received. It's not that much it's like 300$ only so far.. is it necessary for me to file an income tax? Thank you..
Yes, it's income but read your contractor agreement and consult your local tax authority
You usually have to make over $600 a year before you have to file, at least in my state
Thank yiu
Thank you, is that here in canada?
The way I read the contracts for Canada is you claim any income for work, now the issue of taxable benefit of items reimbursed is another issue. I have an email from shopping contractor saying to toss the items after so I see that as a non taxible benefit. Also as a contractor I feel you should write off related expenses: say dataplan usage, or for those that require a data tablet that cost.
Thank you very much.. i will do this..
its 600 in illinois.
Always show income even if it falls below the specified limit in your country/state of residence. It doesn’t hurt to download the Excel sheet from the payment tab and also save it for future reference.
Remember documentation will save a lot of headaches if if the tax folks come knocking.