I guess they are focusing on people who take huge deductions which I really dont so maybe that is
Posted By: MQ2 on 2005-12-01
In Reply to: IRS created the new SE definition and - audited in 1998 because of SE status
why they dont audit me because basically there is nothing to audit since my deductions are about $600 a year which are payroll deducted for equipment. I watch with my deductions that everything can be well documented but I really only have health insurance now which before you couldnt take so that is it for me and that is easy to prove.
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To all ICs claiming huge deductions...(sm)
I just met with my accountant yesterday. I am so sick I cannot think straight. I asked alot of people before moving ahead with an IC position and leaving employee status. EVERYONE stated that the deductions you can write off are more than worth paying the extra SS taxes that you no longer have an employer to pay. I even saw several people specifically state they lowered their taxable income by $10,000 or more so the IC status was well worth the headache of paying the extra taxes.
Well, I would sure love to know how in the world you ladies come up with these deductions. The accountant said my total deductions for my home office came to about $2400. But then my SS taxes I owed ate up that plus about another $1500. Are those of you reaping in huge deductions working strictly via the internet? I have no gas, mileage, vehicle wear/tear deductions because I'm strictly internet based. But even with considering those deductions, if I had them, I still cannot see where in the world you all are coming out so much better. Someone please offer suggestions/comments....have I just completely screwed myself over here or do I need a new accountant?? 
The Difference between Focusing on Problems and Focusing on Solutions
The Difference between Focusing on Problems and Focusing on Solutions
Case 1
When NASA began the launch of astronauts into space,they found out
that the pens wouldn't work at zero gravity (ink won't flow down to the
writing surface). To solve this problem, it took them one decade and
$12million.
They developed a pen that worked at zero gravity, upside down,
underwater, in practically any surface including crystal and in a
temperature range from below freezing to over 300 degrees C.
And what did the Russians do...??
They used a pencil.
Case 2
One of the most memorable case studies on Japanese management was
the case of the empty soap box, which happened in one of Japan's biggest
cosmetics companies. The company received a complaint that a
consumer had bought a soap box that was empty. Immediately the authorities
isolated the problem to the assembly line, which transported all the
packaged boxes of soap to the delivery department.For some reason,
one soap box went through the assembly line empty. Management asked its
engineers to solve the problem. Post-haste, the engineers worked hard
to devise an X-ray machine with high-resolution monitors manned by two
people to watch all the soap boxes that passed through the line to make sure
they were not empty.
No doubt, they worked hard and they worked fast but they spent a
whoopee amount to do so. But when a rank-and-file employee in a small company
was posed with the same problem, he did not get into complications of X-rays,
etc., but instead came out with another solution. He bought a strong
industrial electric fan and pointed it at the assembly line. He switched the
fan on, and as each soap box passed the fan, it simply blew the empty
boxes out of the line.
Moral
Always look for simple solutions. Devise the simplest possible solution.
Dont you think MQ will just keep hiring new people who dont know they lost lines because they are
new. I betcha.
I guess you just dont get it - that MTs are mad as
Yes,, and this has a huge impact on quality when people get into strange accounts but it keeps QA
busy and ties the work up there then. You just cant put tons of people into unfamiliar accounts and think the quality will be there not to mention the time it takes to do new accounts so you are losing money big time but I guess it is better than nothing. Much better to have familiar accounts for both quality and line capability.
I find you do tend to skip maybe a word sometimes when you dont reread. I guess
your brain doesnt keep up or something. I dont know what causes that.
Dont want people to think
that the kids are in danger. They are with my mother-in-law while my sister-in-law works or with me. When she is not working she has them they do not stay alone with my brother-in-law anymore.
Certain people getting raises, certain people not. Guess who is?
Say what you will about unions, the good and the bad. But, one thing they did ensure is a raise, good benefits and that you would have a job in the morning.
dont' even bother. People with sm
that attitude you don't want to work for. I would rather be on QA for months and learn every last thing about that account and learn it right than have somebody down my throat about still being on QA.
Don't let them fool you, these people that run these ads don't have that great of MT skills either or they would never put an ad like that. Stay away from them.
Yes, these random QA reports now being done by MQ are being done by QA people that dont even QA the
account and are a pain in the butt. Then they monitor the amount of blanks you have so I will not help out anymore on a new account that needs help because they even monitor those blanks. Who needs this aggravation.
Maybe it is to check and see if you have spellchecker. Some people dont
A regular spellchecker doesnt catch these words. Either way they want to know if you have a way to come up with the correct spelling regardless how you get it.
if people are annoyed, just dont respond, simple.
----
You know, I dont think people care anymore what MQ offers or doesnt offer, I think everyone is just
sick of all the confusion, dishonesty, sneakiness, etc. You never know what is around the corner so after this there will be something else no doubt. I think I and most other MQ MTs just want a company that they can respect and trust. MQ can offer this package and turn right around and change that. Leopards dont change their spots. It seems like they are intent on running this company into the ground and they are doing a good job of it. I dont see how they ever will stand up against the money they owe all of these hospitals. You still have to wonder what prompted them to send checks out to the DQS MTs for mistakes in calculation of lines. Give me a break. Maybe they are trying to settle lawsuits to get out of the MT business and focus on just technology. They sure dont know what they are doing with the MT side for sure. I think they felt they had everyone up against a brick wall but as accounts leave so will MTs or MTs will just move on to another business as the wages get lower and lower so then all the work can go to India. Older MTs will cut back or retire and younger ones will leave for something else when they see what they have to battle with the work left over from ASR or VR for the small amount of money not to mention EMRs coming quickly.
Yes, but this time it's different. I'm focusing on progress, not perfection.
I've already reduced my cholesterol by 50. I changed my diet to reduce sugar, refined carbs and hydrogenated oils. I increased fiber, lean proteins and vegetables. I quit smoking and haven't gained any weight since doing that, although my doctor told me I'd put on about 35 pounds. No way! He said I shouldn't be worried about dieting and exercise while I'm craving cigarettes, but I'm not craving at all. Cold turkey, never looked back. DH is going to start exercising with me this weekend. We're going to walk and bike ride together. We got a second exercise bike to ride together indoors for bad weather. (I love yard sales!) My goal is to compete in a mini marathon next summer. Losing 35 pounds would be a nice added bonus, too.
It is beyond me why younger people are getting in this right now but I guess they will eke out what
they can.
Guess I should have kept my mouth shut, now people are - sm
policing the policing. Too nuts.
K, fair nuf - guess I assumed people would get it NM
x
I guess they're hoping enoug people will quit
that it won't be a problem anymore!! Sigh.
Why dont you stop coming in and agitating everyone under all your different names. Dont you work.
:
If you dont try to fill in blank or research, dont
x
The way I understand it if you dont keep below 10 to 15% QA you dont get the bonus even if your QA
score remains above 98% so you see as the other poster said you are between a rock and a hard place and I expect this is MQ way of getting out of paying a bonus to people. I see it this way anyhow. I plan to continue to send unclear things to QA and that is the way it is. I expect depending on the new pay scale on top of this they will be losing a lot of MTs anyhow as they continue to miser everyone out of money.
Do you honestly think they do. I dont. I dont think some of them can even understand some of the
reports they listen to quite frankly.
If you dont want to read a thread, then dont.
x
deductions
The IRS has guidelines published for people who file quarterly. I've been doing this at home for 9 years now. Over the years the govt has sent me vouchers which I've ignored. This year, however I decided to pay quarterly to stay out of trouble. I know there are exceptions for filing quarterly if you have children but since I don't I didn't pay much attention when reading the info. However, I have heard of ICs who had their husbands take more out of their checks but the IRS penalized them anyways. Hope this info helps.
deductions
Well 2600 out of 15 K is about 15% to 20% and it depends on the sq foot that you have in your office. I use 20% and deduct 20%. You cannot deduct ALL of it as it is only the percentage of the house that you use. If you are a business, an IC and it is required that you need that occupational license it is deductible. I deduct my business license which is a percentage of my business -- would trade the $200. If we want to operate as a business and want the deductions that you have to be licensed as such and pay the necesssary fees. Can't have it both ways.
I had about 12K in deductions.
.
deductions
I deduct and depreciate my house as I know I will live in it well after I retire and so won't have to worry about the depreciation move or when I die and my estate can well pay for it if it. But I deduct advertising, phone, health insurance, mileage, computer, supplies, depreciation of house, partial utilities, my internet, cell phone, etc. and it equals out to at least 15K a year. My mileage helps but if I were working outside in a hospital I would have that expense and no deduction so I don't mind. I also put aside 20% in my IRA which is a deduction. Most of these deductions I would have if I were not an MTSO-IC as I would still use internet, gas, house, utilities, etc. and would have more of a taxable income but someone is just holding my taxes for me and sending them in. But you have to think ahead to prepare. I go on vacation to places where there are seminars that I want to attend, etc. Again if you weren't an IC you would still have those expenses and they would not be deductible. It is just a shock because no one withheld for you during the year. You almost think and feel that your employer is actually paying those taxes for you and except for the 7.5 of SS they are just managing your money. So begin to manage yours now. If you have kids and give them allowances, you can say you are paying them for filing and be able to deduct up to 500 without doing a 1099. There are legitimate deductions out there but you gotta search for them. If you have your kids give out flyers, etc, pay them and deduct it. You give them money anyway. But I would not give up my house deduction/depreciation for anything as I know I will be here long after I retire. That is my long 2 cents worth. Patti
I need help with QA deductions..SM
It has been so long I don't remember the exact deductions and how it works. Could you please tell the very basic process for deductions and how it works. Specifically, how much is deducted for a word left out, the wrong medication dosage, no comma where there should be one, and when they type a word like has but it was supposed to be his.
I'd really appreciate it. Maybe someone knows a site that has this info. I couldn't find anything myself.
thanks.
deductions
Mileage for any travel pertaining to business, advertising, mailings, internet, phone, office, -- first couple of years I went to a CPA and then did on my own following his prior returns with Turbo Tax. They take you through it step by step. Anything you contribute to your SEP retirement, insurance, computer, desk. Get a good book or talk with a CPA. Have a separate check book for all payments to work related expenses. Even a couple thousand miles per year is a savings.
Deductions
Hello everyone. I know this has probably been discussed a million times and that there's probably information in the archives (which I plan to dig into), but I was wondering if anyone could, off the top of their head, guide me to a site or something that could specifically tell me what deductions I am able to take as an IC doing MT work for a national company? Thanking you in advance. Reb
Don't forget the tax deductions
Pleae keep all your receipts for hearing-aids/batteries, etc. and check with your tax preparer at year's end or before. I would think this would be deductible but worth asking about.
I only took the standard deductions
and it still happened to me. What I couldn't understand was that I was supposed to be in a less likely audit bracket because that year I was an employee, an IC and an SE. (they were trying to see if I met employee status on my SE account).
TAX question..deductions??sm
I am starting or trying to start my own business at home
but in order to do that I had to buy my own pc and use
it to take an online course at home in my spare time.
I work parttime for a national MT co. I want to deduct
the cost of the pc and the course from last year's income
which I earned as an SE (several W2s). Both the course
and the pc were bought in Dec. 05 using a small-business
credit card. I don't expect to finish the course for a few
months and only then will be able to "market" my new skill.
My question I guess is..when you purchase something by credit,
is it "totally deductible" in the year of purchase or do you
only deduct the payments in the year they occur? Thanks.
need some tips for tax deductions
I would really appreciate any tips I an get on tax deductions for at home employee.
Just keep deductions in mind.
I live in Alabama and out in the country. I count the miles I drive to the bank and to the post office, post office box dues, cell phone, extra phone line, internet, etc. As an employee I had to pay all these anyway, I just could not deduct them from my taxes.
I pay taxes now and take ALL deductions
x
Employee/IRS deductions
I have been claiming my home office for years as a deduction, which includes portion of my oil heat, telephone bills, DSL bill, computer, paper, pens, notebooks, etc, books, software, etc. I have been an employee and an independent contractor, and my accountant has always told me I could take these deductions, so I have with absolutely no problem. The rules for a home office is that the room you use needs to be for business, so I use a small bedroom just for my office, i.e. it cannot be a room you use for a bedroom and a home office. Hope this helps. 
What are some examples of deductions you use?
nm
Disagree, as an IC you can take those deductions
I'm an employee now, and though I still do write off home office and percentage of my bills it's nowhere near the amount I used to be able to write off as an IC. All those extras have to add up pretty high to get above your standard deduction to write them off as an employee.
Since when as an employee can you get deductions?
nm
Income after deductions.
Income after expenses is what you are given credit for making. If you grossed $40,000 and had $10,000 worth of expenses, you made $30,000. This is your taxable income and what is credited as your social security income.
if you live among trashy people, low income people, people w/o goals or direction,
content to just get by, you by default become a part of a group. "people" have decided to group trailer people as trash. that is because there are enough people in that group to earn the title and even if you aren't trash, you are categorized by others. did i think i was trash in lower class neighborhood surrounded by people who drank and fought all weekend? no but i knew i wasn't staying and did not try to pretend that all the fools in the neighborhood were just nice folks who ended up where they were because high horse snobs deemed their neighborhood low class. people for the most part live exactly where they belong because they don't want to educate themselves, they don't mind "trash" around them and they don't want to be bothered trying just a bit hard to extract themselves from that world. they justify everything to themselves i guess saying everyone who doesn't like their lifestyle is a snob and the comedians (Jeff Foxworthy/Chris Rock, etc) who make fun of them are just ill-informed.
As for me, I fought hard to get out and don't even want to look back. It amazes me people stay for generations.
Get a good tax guy. His fee is a write-off. He will tell you what you need to do & deductions you
;I
write offs/deductions for IC's??
Just wanting some ideas on what everyone uses as deductions. Im going to get hit hard this year and just seeing what everyone else does.
TIA,
Are there any deductions for taxes on your paycheck?
nm
My IC home office deductions came to only sm
$1100 because I own my house outright and, like you, have no real expenses because I work at home off the Internet. My health insurance premiums are low because it's lousy insurance.
People with high mortgages will have a higher deduction based on that. They may travel each day to get their work, etc. Every person's situation is different.
I think you did okay!
BTW, if anyone uses H&R Block, I strongly urge you to get the Peace of Mind benefit for $27. Mine came in handy for 2004 when the preparer made a big, big mistake caught by the IRS (I'm going to end up getting a refund of what the preparer said I owed in 2004!!!) This may be my last year with the blockheads, though. I should say I've gotten excellent service in the last 25 years, except for that one preparer last year and Block messing up on its own tax preparation.
Wasn't that 20K TAXABLE after all deductions? sm
I wouldn't mind making more than that and only having to pay taxes on 20K.
You worked, they paid. You took deductions.
x
Does anyone remember name of book for deductions
if you work at home, saw posted a few weeks ago, wrote down and have misplaced. Thanks.
Try googling "book for tax deductions" or
x
depends on income and esp deductions.
last year was my first as an IC, and i saved back money for taxes -- needed none of it.
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