IC Status and deductions

I am curious how if you have only ONE mistake and you get ONE deduction for 0.5, how does that drop your score to 98.15??? I really don't understand the math that they use.... Can someone please explain this to me... Thanks! ...

OK....just to be sure I understand this.....if I am an IC, do I deduct approximately 15% (like what my previous employer deducted for SS and Medicare) OR do I deduct 30% for my part and employer part? I've been on the IRS website but that's confusing. Don't have the money to consult a CPA right now. Don't want to take a job as an IC if this is a mistake. Have an interview for IC and 2nd interview for employee status. Sorry to keep repeating mys ...

Lines are deducted from my count on each report I transcribe or edit for a particular account, for headers and footers. This is understandable, except I have just realized the deduction is always made at the transcribed line rate, even though 90% of the work on this account is editing. So, I am being charged back more than twice what was paid for these lines. Is this legal? ...

This is the first year I need to file as an employee rather than contractor. Can we deduct everything that is "non-reimbursed employee expense" as we did as contractors, i.e. internet access, computer, etc and portion of home used for home office? ...

Tax deduction when you work at home is definitely worth it. My friend is an accountant and anything done to improve your house is deductible (including crazy things like carpet cleaning, window cleaning). I even deducted new appliances and furniture and carpets ( in other rooms). ...

I did some research and have found that at least according to Federal Government guidelines, you can deduct home office expenses if you are an employee. The one big stipulation is that you are working at home because it is convenient for the employer. In other words, they cannot provide you with an office. Of course, in our case that is a no-brainer. The rest was pretty straight forward and much the same and I am doing now for tax deductions as an SE. My accountant ...

Since July I was on the insurance (515, plus eye and dental so a whopping 600 a paycheck) which was good at that time, then the switch in September to the high deductible (500, plus eye and dental so 585) and well care. Don't know about you guys, but we go to the doctors for ill more than well per year. With all the stresses we had this year, husband's job loss and me trying to make a paycheck at 30 hours a week, just got tired of working for nothing! Anyone else in that bo ...

For those of us who work at home but are classified "employees" by the MTSO, how does this affect our tax deductions normally taken as ICs? ...

I noticed I had 19 hours of PTO, had this amount for the past couple of weeks. After this last payday, it's still the same 19 hours. I thought they added our PTO every PP? At least they did in the past, I'd always see approximately 6 hours added every PP. Is this yet something ELSE they are ripping us off for? ...

Hi. New to VR and just received an e-mail from a company I inquired at. They are paying 0.030 per line for VR editing for ICS. Is this really low or am I in another universere???!!! TX I haven't done VR - but straight transcription I average 200 LPH. I have no idea what I would make at this rate. Any info please! ...

Where can we find our employee status, such as tier, FT/PT/benefits, etc? ...

ORM? status. The patient is DNR/DNI. I don't think I've come across ORM yet. I've done a search on google and can't find what ORM stands for. ...

If I accept a position as IC, what is the going cpl ? I realize I will have to pay employer and employee SS and Medicare, self-employment tax as well as federal. Not sure if I want to do this or stay as employee status. ...

Just got off the phone with support. DQS down globally. ...

I just saw an add for Medscribes in KY that says the job or position is IC status. Yet they give specific hours they want you to work. It was my understanding that IC status was you set your own hours more or less and also pay your own taxes, etc. Please clarify. ...

I got an email saying that I had passed the testing for MME but haven't heard anything from my TSM about what I should do next, anyone else in this situation? ...

http://www.missouriemploymentlawattorney.com/documents/Complaint.pdf ...

What "really" happened to IC status? How did we turn into employees without benfits? I recall when IC was REALLY IC. I took a break and things had changed pretty drastically! We now are required to basically do "shift work," which I understand to a point, but it sure isn't the way it was!! I recall getting paid more because we did not get benefits, more for fast speakers and ESL--what happened to that? I personally just dropped out for awhile, and a new ...

Got my packet today. Not a word about IC option. Has anyone been okayed to go ahead as IC status yet? It's obvious in all the calls that employee status is the big push and I wonder how easy they are going to make it to be an IC instead. ...

For anyone who has changed from full-time to part-time status, have you still been able to get time off when needed, and what exactly is meant by flexible part time (flexible for whom)? With all the recent changes, I am finding it necessary to begin heading in another direction. ...

I've worked for an MTSO for about nine years. Work is scarce, and I need to find another part-time job or maybe just leave and work full time. I don't know anything about IC. I see things like you are required to do your own taxes and can work the flexibility of what you want as long as you get the TAT. I know insurance is not covered in these positions. But how do you handle time off for vacations or personal days? Do you go on vacation and then com ...

I have 2 accounts, who only dictate once a month. I work for someone who has lost a lot of their work, and so I can't count on them as before. I have 1 other account where I could work until my fingers fall off, but I am concerned about IC status. If I keep these small accounts and maximize working for the the larger one, would I still be considered an IC? How many clients do you need in order to maintain IC status? Does the IRS care if they don't produce enough income to give me a 109 ...

Not looking to be re-hired...just curious if they have IC status. Last I knew all workers had to be employees. ...

Does Transcend or ANY company pay for CMT status? I used to have this certification but it was never recognized. Wondered if things have changed. Thanks. ...

Does anyone know why Zylomed starts you out as an IC and then offers employee status? What does employee status get you? PTO? Benefits? I understand there is no VR, do you know if it is all clinic transcription? Are there any incentives? Sorry for all the questions, but changing companies is so hard these days :) Thanks for your help! ...

I would like some info regarding what companies provide employee status and what are the terms? how many lines are expected per day or per pay period. Any info would be appreciated - thanks! ...

If a person works as an IC on a regular schedule, but wants to take, say, a week or a month off here and there, is that permitted while still keeping the job? ...

I am puzzled by the posts of companies on this website seeking independent contractors, and then proceed to dictate the hours and days they need you to work. Please help me understand, if you are not an employee, and function as a dedicated, disciplined worker and opt for IC status, shouldn't you be able to dictate your own schedule? Again, someone please help me to understand. ...

Help. I am missing a word in this section "Her speech was normal rate and on volume ___ and latency." It sounds like she is saying prosey. Thanks for the help. ! ...

I am IC status and am taking an test for a company I may be working for, should I expect to get paid for that test? Thanks. ...

IC Status and deductions - Help please

IC - sm

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