get ready for tax season - locumtenens.comas independent contractors, there are a few tips locum...
Post on 19-Sep-2020
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Get ready for
TAX SEASONAs independent contractors, there are a few tips locum tenens clinicians can use to make filing taxes easier and to maximize deductions.
Expect a 1099 from your agency.1
Open a retirement plan (is there adeadline on this for when it counts?).2
Report self-employment business income and deductions.3
Pay a self-employment tax for Social Security and Medicare, which is figured on Schedule SSE.
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Most self-employed taxpayers may beable to deduct health insurance premiums.5
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For even more information on managing your finances as a self-employed contractor, visit our Self Employment Sanity Center where you can learn how to get started as a 1099 physician or advanced practitioner, keep your finances organized throughout the year and discover di�erent retirement plans.
Information provided here is found on the TurboTax® website.
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1099
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