You pay taxes to the Federal gov't, among others.

• need help in deciding jobs - walk the dog
  • Taxes - sm - Know
  • working as IC - jmr
    • From the sounds of things on this board - that can happen when you are an employee.
  • My take on this - Junie
    • IC and set hours - WYMT
    • thank you so much for the help - Walk the dog
      • I have you beat in years by - Junie
        • Not true about set hours. sm - IC vs. employee
          • what do you think - walk the dog
            • I can see days when work is there..sm - But hours?
              • thank you for giving me insight on this - walk the dog
  • You pay taxes to the Federal gov't, among others. - sm

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Your SS is figured in on your schedule C -- after your deductions you pay on your net income and that is added to your federal taxes and you send in one check and pay it all.  You can do quarterly if you do not have a husband to over withold from or if you are not an employee on another job.  Social Security and Federal taxes are not two entities -- but one.

Patti

If there is a "mother company" that is overall all the smaller companies sometimes the ID could be the same -- I think.  My husband drove a truck for Dalles Mavis that was owned by Active Transportation that all has other comanies.  All of hs W2 forms, etc. came from Active with their ID number on it though he worked directly for Dallas-Mavis.    Even when he moved to Texas and worked there instead of Oregon, his W2's all came from Active. 

They won't be saving anything since if you made $5000 from Company B and they deduct it from Company A, they will be paying taxes more taxes from Company B and less from Company A but again, if there is a corporation over all of the companies, it will all be merged in together to pay taxes on the "profit" from the corporation.   Just like being married, your husband can over withold and pay for your taxes because you merge your income together.   Just hopefully be requesting that they issue you another 1099 that they don't send both into the IRS and so the IRS thinks you made $10,000 and not $5,000.  

It occurred to me that it may be something we mention when writing/calling our government. 

I know that when Levi Strauss closed their factory in Roswell, NM, and sent it down to Mexico (thanks, NAFTA), they gave their workers money to retrain in a new profession.

Surely this is something that can be fought for.  We know darned well the MTSO's won't take money out of their own pocket to do this, but there was/is a government program called TAA which is supposed to help people who have lost work as a result of imports.  I think a case can be made for medical records transcribed overseas as qualifying as "imports". 

I found an old document on line at http://www.edd.ca.gov/pdf_pub_ctr/de8714x.pdf which describes that 3 or more workers who have been affected by imports can petition for federal money for assistance and retraining.  There's also JTPA/WIA which established one-stop career centers and I believe being laid off because of work being sent offshore (or just laid off, period) would qualify people for this program.

There's also this article, which I included a part of, that is talking about IT workers for Computer Sciences Corp (my brother happens to work for them and has survived the layoffs) filing suit....

*The department has long held that programmers who've lost jobs to cheaper, foreign workers aren't eligible for the TAA program because their employers, or employer's customers, are not importing a physical good in the same way as, say, steel manufacturers. A number of federal and state lawmakers have introduced bills that would automatically grant eligibility under the act to IT workers and other white collar professionals, but none has become law.

The labor department initially said that although CSC moved production of its Vantage-One insurance software from East Hartford to CSC India, the software was not an imported "article" as defined by the act. In a lawsuit, the workers asked the U.S. Court of International Trade to overturn the department's ruling. In January, trade court judge Nicholas Tsoucalas ordered the department to revisit the case, noting that, "Labor's interpretation of the law, that software code must be embodied on a physical medium to be an article under the Trade Act, is arbitrary and capricious."

In a Federal Register note published April 11, the Labor Department conceded the point and ruled that the four CSC workers would be eligible to apply for TAA assistance. In ruling, the department said it would henceforth look upon software, whether shipped into the U.S. on a disc or transmitted into the country via telecommunications networks, as a physical product.

Software and similar intangible goods that would have been considered articles for the purposes of the Trade Act if embodied in a physical medium will now be considered articles regardless of their method of transfer," the department wrote.*

Something to think about.

Also, I'm pretty sure we've been far OVERestimating how much money offshore people are paid for transcription.  Their companies might get 1 cent a line after it goes through 3 or 4 edits, but I'm pretty sure the person typing the report and mangling the English is paid more like 1/5 cent per line, which is still pretty good money for them.  My math is based on there being 40 rupees to a dollar, and 1/40 of 8 cents per line is 1/5 cent.  There was that article quoted on the company board from Manilla where they were gloating that their workers got $1 to $2 an hour and, if they're required to transcribe 1200 lines a day, that comes to 1/10 cent per line.  But that was back in 2005.

Back to the 1/5 cent.  So if the report goes through 3 or 4 edits, each getting paid their 1/5, then the Indian company keeps the 2 cents per line which is left over and our dear old MTSO here in the States charges the hospital what...11 cents?..pays our US MT 3 or 4 cents to edit.  So, 3 cents/line to the offshore company, 4 cents/line to our US editor, and the MTSO still pockets the 4 cents/line left over?  Why do you think we're seeing 7 cents/line more and more often as the going rate of pay?

Well, just some things to think about - I get my best ideas late, late at night!

I think states set their own regulations but I do believe that Federal is all one set of rules/regulations.  The police might be able to tell you but I think you'd find out so much more via the internet if you know what state he is in.  I found someone in jail recently.  I put in her name and she is locked up and probably going to get the books slammed at her.  Very young nonthinking girl too. 

All states and even federales have websites.  You can type in INMATE information and then the state and all kinds of links will come up.  You can probably this way find his name at some institution and if paroled, call the institution he was paroled from and find out more details if possible.

BEST of luck on this!!!  The internet is great for finding even old friends (I found several 30+ years after being in contact).

http://www.dol.gov/esa/minwage/america.htm

ALL STATES PAY MINIMUM WAGE DIFFERENTLY - i.e., Arizona says *No state minimum wage law.*

state attorney general for the state The VLC is located in.  I happened to check it out and they have offices in Niagara Falls, NY and in Ontario.  Be sure to forward copies of every thing your file to them.  You can fill online complaint forms at the FTC website and the NY Attorney General's website.  Print out copies of these forms and mail copies of them after you fill them out to the school with a letter basically stating that you have reported them to these agencies and they will be intervening for you on this matter.

I also like the idea of putting cc's on your correspondence to a local news reporter.  And call them every single day until they are tired of hearing from you!

Good Luck!

so who exactly is getting cheated?  And just who are you talking about when you talk about whether it is "fair" or not.  I don't give a crap how much taxes my neighbor pays.  It's none of my business.  And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!

I just want ask, is it necessary to get personal and insult?  You disagree with me, fine.  But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned.  That is a little over the top.  If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!

It is a very good thing that some of you work at home, ALONE!  You are sorely lacking in people skills and diplomacy.  Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor!  I've worked women like you, it was like working with kindergarteners.  That's why I came home to work.  Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!

among other things.  Basically, federal law states that an employer is not required to offer paid time off or paid holidays.  An employer doesn't have to pay you for time not worked.  It states quite clearly that PTO is an agreement between the employer and employee upon hire.  So, if you have an agreement with your employer stating you accrue PTO and get certain Holidays off with pay, then upon termination or resignation, you are entitled to any unused time you have accrued.  However, since not mandated by any state or federal laws, if an employer refuses to pay you for any unused PTO, you will have to take legal action, likely in small claims court.  You will probably eventually win, but you have to decide is it worth all the trouble and legal fees?

When you actually get right down to it, labor laws really don't do much for the working class.  We are not guaranteed anything except minimum wage and a safe work environment.

Do you think when you are working for someone else that "they pay your taxes?"  We all pay our own taxes except for the additional 7.5% of SS as an IC you pay.  And I will bet that as an IC/MTSO I pay a lot less taxes than you do and I make more than you do.  I cannot understand the mentality of people that say "you pay your own taxes."   Your employer just "holds your money and pays your taxes."  I am just responsible enough to put the money aside and pay mine but as a IC/MTSO with all my deductions I pay on 20 to 25% of my gross and I am able to put aside $700 to $1000 per month in my retirement which is totally deductable.  Your statement is totally incorrect.

I am never sure whether to classify myself as an IC or small  MTSO as I have my own accounts.  But where I see a lot of the problem is that the doctors are not making as much as they used to, due to insurance company reimbursement, etc.  They are trying to save every penny that they can just like we do.   I keep my line charges probably quite low according to many standards but I make a a very good living and I cannot see charging the doctors 15 to 18 cents per line when I make very decent money at 11 to 12 cpl -- gross lines.  I also get GREAT tax breaks and though I have to pay the other half of the SS self employment, I still bring home more of a dollar than working for someone else.   I have also found it hard to find anybody that will subcontract to me that is truly dedicated and will work hard. (I pay  8 to 9 cents per gross line  and I deliver tapes and do all the printing, pick ups and deliveries)  I know that kids get sick, there are football games, etc. but this is still a job and you gotta put it first sometimes.   It is hard to find anyone that will work the TAT of  20 to 24 hours by the time I get the tapes to them.   Then that leaves the burden on me.   So I mostly stick to my accounts that bring me in $50 to $55 per year (and this gives me my benefits) and have turned down accounts because I don't want the hassle of the IC's to me and they could be going overseas right now.  But I think that the insurance companies are behind this more than the docs.  When your MRI is interpreted over in India -- do you get a break on the interpretation -- no but the insurance company gets a break on what they pay out so who pockets it???? 

My thoughts and I am sure I will get a lot of disgreements but that is okay we are all entitled to our thoughts.  Oh yea for this amount of money I do work 28 to 32 to hours per week-- just quit an in house part-time job as they wanted me at least 24 hours now, started out at 10 to 12 but the docs found out that they could make more money paying me to transcribe their tapes than to type their own notes in the EMR's even with templates.  So we will be around for a while.   Oh yea if I would have kept on with both jobs would have easily made $65 K but working 50 hours a week was getting to be a bit much.  

Patti

One suggestion that I have for all of you that are questioning IC taxes is to look at your past tax refunds when you were an employee and see what percentage was withheld and do about the same.  Yes there is that extra 7.5 for SS but it  is also a deduction and you can look to find 7.5% of your pay as a deduction whether it be in the form of your own retirement fund, etc.  When I saw that I was paying so much to the IRS, I decided that if I could afford that I could start my own retirement fund and did it.  I now contribute close to $1000 to it per month.  So go online, get an old copy of Turbo Tax and run off the schedule C's and see what deductions can be taken for a small business and then see what you can do to save in taxes.   Look at your old tax returns and if you are married have your husband over withold if you can't do it yourself.  You are not paying that much more when you work for yourself you are just in charge of paying them yourself and not allowing someone else to hold it out from your check.   But look at old returns, plan, plan and plan.  When you look at your net vs your gross that will tell you what percentage your employer is holding out.   Either as an employee or an IC we all pay our "OWN" taxes but as an employee someone just does it for you.   Good  luck to all of you.   Patti

They are right in that the SS is 15.7% but remember when you were working for someone they held out 7.5% from your check.  Look back at your checks as an employee and see what was held out -- the only diference from being an IC is that you have to be responsible to pay the taxes and not have someone withold them for you.   Also look to see what deductions you have, take those off and you pay 15.whatever of that amount in SS.  It all depends on what you are making.   I start out with 45K+ and pay SS on about 15K.  But I have a retirement fund that I am contributing to and that takes a lot off.   But if you look at your paycheck as an employee you will see that 20 to 25% is being taken out of your check and you ARE paying those, someone just makes sure it is deducted.   If you husband is working as an employee (my ex-was) I had him hold out as single none and we always got something back.     Either way as an employee or an an IC -- we allpay it in the end.

I have recently taken a job as an IC, this is my first IC position and I was wondering if any of you wise folks could give me some advise regarding income taxes and such.

In the past I have always used TaxCut or TurboTax for my income taxes.  Is there a similar product for the 'self employed' that is as helpful?  Does anyone have any experience with any of these?

Also, MUST I pre-pay taxes and/or SSI quarterly?  I ALWAYS get all my taxes I pay in back in a refund and my income is essentially the same as my previous employment.

Thanks!

In 18 years of filing as an IC and owner, have never paid quarterly while married.  Always had my husband over withold and even some  years had to pay a little (under $500) but they have yet to question (knock on wood).   But my income and write-offs always stay about the same, every third year a new computer, then the next a printer, then some transcribers, etc.    The government does not care who or where the tax money comes from when filing as a joint return as long as they get it.   You are just combining your income as if each of you had a job but you are an I/C instead and don't have someone withholding from your earnings..   I always filed electronically and had my refund within a week.   Heck you can borrow the money to pay your taxes and they don't care as long as they get paid.  

Patti