Get Mary Kay Tax Worksheet

The calculation for this is simple: (Tax paid to Mary Kay®) – (Sales Tax collected from customers) = (Unrecovered Sales Tax). To minimize your unrecovered sales tax you could charge sales tax for full retail amounts on discounted products and gifts with purchase.

Gather your income information, including your 1099-MISC from Mary Kay and any payments, gifts or gratuities you received throughout the year. Look at Box 9 on your 1099-MISC. If the box is checked, Mary Kay is informing the IRS that you ordered at least $5,000 worth of products to sell as a direct seller.

If you earn less than $600 in a tax year, Mary Kay does not have to send you a Form 1099-MISC, but as a business owner, consultants must report their income to the Internal Revenue Service using Schedule C.

The Mary Kay opportunity is a direct sales opportunity where a Mary Kay Independent Beauty Consultant sells Mary Kay® products directly to her customers. The foundation of a strong Mary Kay business is and always will be the sale of amazing Mary Kay® products to customers!

The calculation for this is simple: (Tax paid to Mary Kay®) – (Sales Tax collected from customers) = (Unrecovered Sales Tax). To minimize your unrecovered sales tax you could charge sales tax for full retail amounts on discounted products and gifts with purchase.

The company sells mirror sets and supplies like cosmetic face clothes, applicators and samples to help the consultant during demonstrations. These items are called "Section 2" supplies and are purchased through the company. Sales catalogs, order slips and customer profile cards are also a deduction for the business.

If your wholesale purchases totaled more than $5,000 or you ·received $600 or more in commissions, prizes and awards, or you had any amount of income tax withheld during the tax year, you should also receive a Form 1099-MISC from Mary Kay.

As a wholesale provider, Mary Kay charges you sales tax on the full retail price of the item you purchase, even though you purchase at wholesale cost (50%).