How do I get set up as an IC? Do I need an accountant to handle taxes? - Is there a good site that explains all this? nm

As a subcontractor performing medical transcription, do I have to pay self-employment taxes in addition to Federal Income Taxes? ...

I owed a bit of money for last years taxes, which I do not have so am making monthly payments. I sent in the form to request to pay monthly, but have not heard anything back. Has anyone done this and is this unusual (that I have not heard back anything)? I was reading all these websites and they were saying just keep mailing in what you can each month until it's paid off and then you might owe penalties, which I understand. It stinks, but right now I have more bills ...

I've been working 2 months. One doctor on my account makes mistakes constantly, says the wrong dates, sends in partial audio files, once sent in a file that was nothing but his side of a cell phone conversation. He complains constantly because he says these are my mistakes. Now, for some reason, my QA person has told him she 100% agrees with him. Also, he thinks I'm the only one working this account, so if someone else makes a mistake I still get yelled at. This is a ...

I am just wondering how would ASR interpret this sentence... "The patient was able to cite the exact site and moment when he lost his sight." ...

I have been informed by my employer that our company will be losing 70% of its accounts and thus many transcriptionists and employees will be let go. There is an extremely good chance that I will be among those leaving, as 90% of my accounts are going to be gone. So, I already have a job interview set up with a local physician in a private office, but since my employer has not let me know whether or not I will be laid off, should I tell my employer that I'm looking for another j ...

I have a dictator who says: The patient says "I look and feel like sh--." I'm not sure how to handle it. ...

Okay, so I have a client who is driving me nuts. I wonder what the general consensus is about how to handle a really pesky issue I'm having with him. This particular doctor is an older gentleman who wants to do things to look like he's keeping up with the times but doesn't want to change how he does things. He's also cheap as sin and thinks that because he's a doctor and I'm an MT he's above me in life. Not kidding. Anyway, the issue I& ...

I sent my resume cold to this place and got quite a rude response. How do you all handle when you get a rude response? I was courteous in my reply, but it just kinda went all through me that she was so rude. ...

So I just got a temp job in a fancy upscale surgical hospital. First in-house job in 8 years, and I really need to convert this job into a permanent deal, but my first attempts on the phone last week I sort of bombed. Is anybody able to offer some pointers on phone tact? I know I will make mistakes, it would be great if I could recover from them gracefully. >_<* If someone was willing to mentor me and get me through this next week I would send you a box of cookies or brownies or wha ...

doc refers to mom or mother/dad/grandma, etc. I was taught that if it is "the mom" you would not capitalize but if you can substitute a name, then it would be capitalized. The mom denies vomiting, but Mom states the baby..... (would that be correct as far as capitalization goes?) ...

I have a psych doc who always says "the patient was less complaintive today." I've changed it o "the patient complained less today." But the doc sends the report back for correction and wants the word "complaintive" which is NOT a word! I've been giving it to him, but man it drives me crazy. I have an ortho doc who ALWAYS says "all were in agreeance" and I change it to agreement and so far so good, but he is still dictating agreeance. ...

Orthopedic surgery note. "Then a s/l luggage handle was placed in the femoral canal." I have been searching, but it is difficulty to find anything, as every search just brings up tonz of stuff about luggage handles. Anyone every heard of this???? ...

I worked as an independent contractor for the first 5-1/2 months of 2009, but when reading the IRS definition of independent contractor, I realize that description did not fit my position. Will I still need to pay self-employment tax? ...

Hi, Just accepted an IC position from a private individual. I now have to deal with estimated taxes,, been a long time so I have questions. Pretty basic, been reading,, I will not recieve a check prior to May 31, so I will be doing ET for the first time September 15, 2010. How do I calculate how much to send? I have heard that IC should have a separate checking account and make the deposit in there of the IC check and "pay" myself from there? Any thoughts, advice, s ...

I would like input on whether you do your taxes yourself or take them to a professional? I had a local accounting firm do mine for a few years and now they are just H&R Block and the rate I pay keeps going up. I have looked at a few do your taxes online yourself and H&R seems to be reasonable online (half of what the place charges). Who does their taxes themselves and what is your experience with it? Thanks for any help or advice you can give. ...

I am an IC and am being choked by self-employment taxes. It seems like I work to pay the taxes. Anyone have any tax advice? Does anyone else feel this way? ...

I have been an employee since the start of my career and never had to worry about taxes. For some time I have been entertaining the thought of taking an IC position on the side, but then I was told that as a self-employed person I would be carrying 35% tax liability. That scared me out of my wits. I am sure this does not apply literally, but I want to know how things would pan out for an IC who earns $45,000 in a calendar year. How would you break things up as expenses in ...

For those of us lucky enough to be away from this horrible company does anyone know when we can expect to get our W2 forms? ...

I received a message today while filling out an application with Encompass stating, "Unfortunately, we are unable to offer employment to residents in your area at this time due to the high cost of doing business in your state. We apologize for any inconvenience." I live in Upstate NY. The property taxes are a killer but to be denied work because cost of living is unaffordable? ...

out, see your federal tax booklet, Schedule M, Making Work Pay. This should help you in not having to pay as much in to the IRS. HTH ...

If you work out of your house as a ful-time employee, can you still have tax write offs like you are an I/C? TIA ...

Did I miss something? I noticed on my paystubs that Medquist/Ultipro is now taking off my local taxes. Did we get an email about this? I always had to estimate my local taxes before. ...

Last year I purchased a laptop for work. It's only used for work and nothing else. I'm reading all the forms and directions, but not understanding where I record it. I think it's too high cost for just office supplies, so started reading about form 4562 - Depreciation, but that it totally confusing. Has anyone ever listed a computer? If so would you let me know where I need to put the info. Tx - kd ...

I just switched to an IC position on January 1, and I'm trying to figure out how much I'm going to need to pay April 15. I've always been an employee in the past. I plan to talk to my accountant, but I'm trying to figure out a ballpark amount to make sure I've held back enough. Is the added 7.65% just paid to the IRS, or do we need to pay extra to the state as well (Kansas) in addition to amount I will already pay them? Thanks for any help. ...

If you are an independent contractor, do you have to pay self-employment taxes? ...

ok here's the dirt from payroll. If you are paid a lump sum such as PTO, the IRS considers it "supplemental" and taxes it at 25%! So, if you're considering leaving, best to take all the PTO you have before. Wish I would have known that before. As far as paid breaks, I didn't realize it was "state" dependent...so thanks for that information. Cudos for KY this time requiring a break after 4 hours. Either way, it would not have mattered to me as I took a break whenev ...

Has anyone received their W-2 from M*Modal yet, by any chance? I started 2012 as an employee of DSG, woke up one day to find out I was an M*Modal employee, and took two days to decide to decline the M*Modal job. So, I worked just over a month with DSG in 2012 and less than a week with M*Modal. M*Modal has my mailing address since they mailed me my final paycheck and letter confirming my termination of the job. At some point after DSG was sold to M*Modal, I tried to acce ...

Going to be working as an IC and curious how to figure what I might need to be putting back for taxes. I did this years ago and paid quarterly taxes, but can't remember the formula I had to use to figure what to send. Seems like it was a percentage. ANyone direct me to where I can find out short of actually going to see an accountant. TIA. ...

How do I get set up as an IC? Do I need an accountant to handle taxes? - Is there a good site that explains all this? nm

You handle your own quarterly taxes. A good CPA will help you - SM

Similar Messages: