Tax Advice for Locums Tenens

By |2022-07-14T12:55:30-04:00October 7th, 2020|401(k) & 403(b), Business Start-Ups and Closures, Corporate Income Tax, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Retirement, Traditional IRA|

As a locum tenens provider, you’re considered an independent contractor and you need to be prepared to pay your own taxes. Your hiring firm may not be required to withhold any federal or state taxes from your compensation. Additionally, you’ll most likely need to remit estimated taxes each quarter to [...]

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Are you using the correct terminology when discussing IRA’s?

By |2020-10-01T09:18:47-04:00October 1st, 2020|Individual Income Tax, Retirement, Traditional IRA|

Source: IRS.gov - Issue Number: Tax Tip 2020-129 Terms to help taxpayers better understand Individual Retirement Arrangements Many taxpayers may have heard of Individual Retirement Arrangements, or IRAs, but some don’t know how IRAs help them save for retirement. People can set up an IRA with a bank or other [...]

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Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

By |2012-12-13T12:43:11-05:00December 13th, 2012|401(k) & 403(b), Employees, Individual Income Tax, Retirement, Traditional IRA|

Source: IRS.gov WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and [...]

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