Not correct. I have to report the income of my ICs to the IRS. I need either a SS# or a tax payer
Posted By: tas on 2006-11-06
In Reply to: NO ID or SS card - Lisa
ID#, the ICs choice, but that income has to be reported somehow. I am sure not going to claim it as my income.
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You are 100% correct, my income is "extra"
therefore I am in a position that allowed me to decline a job that doesn't work out for me. That is not a slap in the face to you! I hope you were not accusing me of not caring for others because I declined a job. They can have it, I declined, remember? People are really getting off the point here.
That should read: If the report was 98% correct
x
Those of you doing VR, what percentage of the report do you have to correct?
How accurate is the VR? Just wondering.
How do we get a correct breakdown by report types,
nm
Warning Non payer.
Mary Gleason, Digital Transcription. Do not work for, sole proprietor. Will let you work 2 weeks and stiff on pay, owed over $200.
My guess is that the low payer wants sm
to keep you all to themselves because the moment you get a taste of better pay because you will follow the money. They are probably tired of losing MTs to better paying companies, AND they don't want to raise their own payscale. Sounds to me like they are trying to have it both ways.
Constant late payer..nm
x
DIGITAL TRANSCRIPTION INC-NON PAYER!!!
Only 2 people working there one of which is the owner, who will not pay. She will stiff you for hundreds of dollars stating that she had too much corrections. Look out please..
No payer! RUN! You can do a search for other posts
x
No outside income
I do support myself and my child on my MT pay only. I work for a wonderful company, which I will not name because a lot of people on here always have bad comments to make about them, paid by the gross line and can do about 2600 lines in 6 hours. It is just a matter of finding the right company and, for me, having the right attitude. I know comments are going to be made that no one can produce that many lines in 6 hours but remember, they are gross so you have to take away 25-30% of the total line for cpl.
income
I have not made that little of money since the first year I got started doing MT. You consider that good money??? If I made anything close to under $30 an hour I would consider it a very bad production day... I am not trying to brag either. I am just amazed that in this day and age and for what we have to deal with day in and day out, that $24 is good money.
My income is way, way down
due to lack of work, and I see so many people in management resigning and I am worried.
MT IS THE ONLY JOB WHERE INCOME...SM
decreases on a yearly basis, as opposed to other industries where your salary is supposed to increase with each year of experience.
income the first year
So true. I have been saying that for the last two years! All we heard about in class is how much money we could make and how many jobs there were. They forgot to mention that those figures pertained to experienced transcriptionists. I just completed my first year working for a local practice and will probably make about $10,000 after countless hours in front of the computer. The truth is you go to school for a year or two, and when you get out, you will continue to be schooling for quite some time. It's several years of investment to actually start earning a real income. I am just ready now to feel confident about taking on additional work, and my goal is to double what I did this year by this time next year. More would be great, BUT I have learned to be realistic. I wish the schools would be honest about the investment involved. I like what I am doing, and I feel like I am at a crossroads where I am choosing to continue to go forward, but it's been hard to hang on financially to get to this point. I have other work that I do that I actually thought I would have been in a position to give up quickly after school. Students should be given a realistic picture of the time and investment involved, so they can make an educated decision about going forward with the course. But, I doubt that will happen. I think enrollment would drop substantially.
Umm, sales tax is different from income tax
sales tax is a tax added onto goods sold. Income tax, Social Security, Self-Employment tax is different from sales tax.
Six figure income??? sm
 Billers and Coders post says six figure income......yea, right!!! Same post several times.......looks suspicious to me. Maybe if you owned the company, you could get six figures....
60K middle income?
Heck, I work for a small community hosp as employee making $35K, which is middle income in rural WI.
Isn't there an income limit that you
can make and after that you have to pay in?
My gram worked after she started drawing, and I'm pretty sure there are income limits on this kind of thing.
did you mean to say state income tax instead of sales tax?
taxes for the people who live in those states. I believe all other states require income tax to be withheld for the state it is earned in IF the employer meets the qualifications of the employee's state of residence.
Another good reason to ask a tax specialist.
Never mind. I see that they don't as Florida has no income tax. nm
s
Average annual income!
They all have lines and Keystrokes and little formulas but the average annual income tells it all.
Take out 25% of your gross income every week. sm
As an IC, your tax base is usually 25-30% of your gross income. That should cover all taxes, including state, Federal, and FICA.
Been an IC for 20 years now.
Do you have a second income or can you live on what you make?
I can't live on 2K a month. If that is what you are making, then it is not enough for most of us. Hope you are making more, though since it would give me hope.
I left Amphion for TT and doubled my income
Yes!!!!!!!!!!!!!!!
You file a Schedule SE on your profit income.
and you pay social security and medicare tax . While you have to pay the full amount on the social security tax and medicare you can deduct half that amount to your adjusted gross. I really need to find out more about this because if I have been paying too much on my social security tax I really want to know. Does anyone else know about this? Are there any IC contractors who are not paying social security tax or only paying 7% as you would as an employee and not an independent? Perhaps it has to do with how you set yourself up. Thanks for any info....
How is workload at Futurenet and income potential? sm
I will soon be starting with Futurenet and I wanted to hear from some of the current Futurenet MTs. Thanks for all the information. You may e-mail me privately if you wish.
Do you find that you are able to earn a good income with them?
Do you have ample work, or do you often have to resort to MT work to fill the time?
I wasn't bragging about a 2 income household
I was simply pointing out that the MT profession is not the only ones who are taking paycuts. Wow! It seems every post is picked apart here! 
I have to. Hubby is unemployed and it's our only income right now...can't survive on unemploym
x
But still, sales tax has not bearing on State tax or Income Tax. Big difference! nm
x
60-thou a year is lower middle income if -
:(
I just filed 2007 taxes for gross income of $52,341.
NM
YOG before MQ -- lots of work and good income back then. nm
xxx
Another Crushed United States Income Source
x
Dont you just love how these offices screw around with your income. It is very annoying and I
sometimes wonder if they get the full implication of what they are doing to our paychecks because they are stupid enough to believe you can do all hospitals exactly the same which of course you cant.
It's not very good. I sold Avon for a year to supplement my MT income
and I didn't make squat. They are the worst. They shorted at least half my orders, you have to pay to ship back items that customers stiff you on. MT is better than selling Avon.
These people making combined income of over $100,0000 crack me up! sm
They act like it is petty cash. Then again, maybe it is to them, but I sure would like a chance to have that kind of money.
Just marry a guy who has a great income, that was my solution, who wants to work that hard!!
//
You have no idea what you are talking about. My income tax return says I am making a good living
:+
I love MT, but I am also so glad hubby has steady income and excellent benefits!
He retired with 20 years in the air force and has a retirement check from that, as well as standard and very basic benefits that we can use without paying a whole lot. He has worked full time since retiring from the air force (he was 40 when he got his 20) with excellent pay and awesome benefits that we pay a very low premium for. I used to make excellent cash as an MT when being paid on a gross line, but now I make maybe 20K a year with no benefits of any kind from my job. Now my income just supplements his and is for the extras we enjoy.
This job is only good for extra pin money for people that have other regular income coming in.
It may end up being a good job for people that are experienced and on social security and have other investments now for some extra money. Would never want to have it to pay all bills. No way.
I don't believe you are correct about tha
MQ takes out SS taxes and federal taxes, but not state taxes.
Correct me if I am wrong about this.
Yes, you are correct
I worked for them and one check bounced. They replaced the check, so I decided to call the bank and check to see if there were funds and the bank informed me that there were NO funds. Second time, before I cashed the check, I called the bank, again, no funds. I told her i would shred the checks and I wanted a money order. After that, I quit.
Deb Garrison was not rude to me BUT, the people she has working for her are very rude.
Yes, a lot of MTs quit. And they do NOT pay for spaces, they ONLY pay an 8% allowance for spaces, which is way too little.
Look elsewhere, you don't want to touch this one.
Actually if you want to correct someone...
correct yourself. It is y'all. There is no "a" in "you"...You all not Ya all...brush up on your redneck lingo.
Actually they R correct...
Any word ending in a "y" does not get the - between it and the other word, as in weight-bearing, fruit-bearing. Sorry but I used 2 work 4 the Grammar Police back in 1903. 
YOU ARE CORRECT!!!
I see this every day. You are correct!!!! They need to go down. They have a program and I have seen it! They can go in at any time and go down a long list and tell it what TO COUNT and what NOT TO COUNT. Then, they can tell ya'll (because I quit MQ) whatever the heck they want to.
The hospital that I work for uses their platform and we are allowed to see how our lines are counted. HOwever, thanks to MQ, we did lose quite a bit of money thanks to MQ telling our supervisors that it is the "trend" not to pay for spaces. Thanks to MQ, I will probably have to change careers even though I absolutely adore medical transcription. I used to average $19 - $21 per hour. Now, I cannot get past $15.50 on a really good day!
Yes, that's correct.
f
That's correct, but......
MTs don't have the education/training that a physician does, either, so I don't think it is realistic to expect the same pay for what we do. Don't get me wrong here....what we do is very important, but get real if you expect to be paid as much as a physician!
Actually, that's not correct....sm
It actually states...if you wish to remain ANONYMOUS, please do NOT enter your real name and email address when making posts.. You had me worried there, lol. I had to hunt down the policies to make sure I wasn't out of bounds!!! It also states that certain actions constitute a material breach of the terms and conditions such as (amoung others), Posting material that is unlawful, obscene, defamatory, threatening, harassing, abusive, libelous, hateful, or embarrassing to any other person or entity as determined by MTStars.com in its sole discretion. IMHO, this poster is doing precisely that. All one has to do is read the tone of her messages. She is disgruntled and wants to get back at ____. I'm sorry she feels this way and I'm sorry she is making this public. I really CAN do without the drama.
And you are correct!!
Definitely is characters and spaces.
you are correct. sm
If they bash, I would sue!
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