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I am about to start working part-time selling Tri-Star vacuums. My question is concerning my record keeping for my new venture.
1st of all the job is on a commision base, which I make money only if I sell.
2nd they give away bonuses & prizes for incentives.
3rd it's not a door to
I'm very excited about my part-time job to be, but I've never had a sales job before.
What do I keep track of?
Do I keep track of the mileage or the gas I put in my car?
Can I also keep track of food I eat while on the road?
I heard from someone that I can also deduct the mileage from one job to the other, is that so?
And the job does not have a set schedule, I make my own schedule, so how do I determine miles from one job to the other?
Is there an IRS pub. which is recommended for this situation?
Thanks in Advance................
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Recommendations: 0
Tri-Star doesn't give you any guidance on this?
How will you be paid? Are you an employee or an independent contractor?
Do keep track of mileage -- get a log. Will you go to an office? Will you have a home office? Makes a difference. I have no office; when I use my car for business I record my mileage from my first business stop to my last business stop.
Meal expenses are deductible only if your trip is overnight or long enough that you need to stop for sleep or rest to properly perform your duties.
Check out the IRS website -- especially
Starting a Business and Keeping Records
http://www.irs.gov/forms_pubs/pubs/p583toc.htm
Travel, Entertainment, Gift, and Car Expenses
http://www.irs.gov/forms_pubs/pubs/p463toc.htm
questions & answers about independent contractor vs. employee
http://www.irs.gov/prod/tax_edu/faq/faq4-3.html
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Recommendations: 1
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