get ready for tax season - locumtenens.comas independent contractors, there are a few tips locum...

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Get ready for TAX SEASON As 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 a deadline 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. 4 Most self-employed taxpayers may be able to deduct health insurance premiums. 5 $ 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 different retirement plans. Information provided here is found on the TurboTax ® website. $ 1099

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Page 1: Get ready for TAX SEASON - LocumTenens.comAs independent contractors, there are a few tips locum tenens clinicians can use to make filing taxes easier and to maximize deductions

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.

4

Most self-employed taxpayers may beable to deduct health insurance premiums.5

$

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.

$

1099