don't need to depreciate computers anymore. take the deduction in the year purchased
Posted By: MTSO on 2006-03-24
In Reply to: I did the same, but what about depreciation? NM - CARDIACMT
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I actually purchased this last year (sm)
It's really a neat little program that acts like an alphabetized notebook where you can add entries for quick reference ... say you can't ever remember how to spell certain words, you can add those words and bring up TLRN and look up words you've added. You can create multiple notebooks with different facts/data/addresses or whatever. I found that I never used the program as I had other methods that reminded me of words, i.e., my expander, for one, and I already have tons of programs loaded and running in the background while working that the last thing I needed was another program running behind about six or seven already loaded.
I think you just don't take the deduction for it the year before...ask your CPA
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Last year I purchased a Lasko 30" tall digital ceramic pedestal heater with remote for under (sm)
$80.00 at Home Depot. Features include: Automatic temperature control, oscillate, timer, and high (1500W) and low (900W) power settings. Assembling the base took less than 5 minutes. Kept me very warm last winter, and plan on purchasing another one for my upstairs. Cut down on my gas heating bill significantly. Great buy.
Thanks. Just checking out options in case SE does not exist anymore next year for MQ. I dont really
need benefits and dont really want to be an employee with set hours and the amount of hours you can work. I dont know what part time employee will be because it does not exist now but just checking around. Thanks all. Of course, no one knows what the cpl will be next year for MQ either. I dont know how many hours part time employees are allowed to work and still be considered part time or how they monitor that.
as I know it these things DEPRECIATE....not like
good luck whichever way you go though!!! 
have not purchased
No have not purchased another house but am moving out of state, going to rent for 6 months to see if we like the area before buying again but wanted to move over the Christmas holidays to make it easier on the kids changing schools. I am not sure I want to buy again because am a single mom in my 50s and it is getting to hard to keep up with things that need done
I purchased one of these (sm)
laptop stands and it has been great - http://tinyurl.com/2uwhkz. It allows me to elevate my screen, which is necessary when working with a separate keyboard in order to keep the screen at eye level and arms/wrists at proper angles. If your chair does not have a height adjustment, you may want to consider one that does. Stretching, of course, is important, too. I'm thinking about getting an inversion table to help with my neck...we'll see  . I also have an elliptical which I use usually halfway through my day for around 30 minutes to exercise my legs. If you want to do some quick exercises in the house, you may find it nice to workout with pilates DVDs. It breaks the day up nicely.
You must have purchased them a few sizes
'cause you are really wiggin' out.
I purchased an HP computer and
(per companies requirements). The new computer does not have a serial port and therefore I am using a 9 pin to USB converter which works well with my old system but will not work with the new system. Has anybody comes across this when purchasing a new system recently? HP is unable to help me and so I am turning to fellow MT's. 
I also purchased an adapter...sm
Staples also carries these adapters. I had to convert to a USB port as my newer pc did not have the port I needed either.
If you only purchased the upgrade, NO. sm
If you purchased Office 2007, YES you can install it separately.
Pay deduction with DQS
Well, when I started DQS, I was told by the regional manager I would increase my pay with this program so they were cutting everyone's pay who was transitioning to DQS because of that..So my pay was cut three quarters of a cent per line. I agreed, thinking this was happening to everyone. Well, MQ tried this for a while until a few brave souls quit and others threatened to quit due to the reduction in pay. Now, mind you, I have not had a raise since 1998 and yet they chose to decrease my pay. Even though they have stopped this decision of decreasing pay of people transitioning to DQS, I remain at the deducted pay rate. Do you think I have an argument to try to get my pay rate back?
25% deduction
So, I'm not real clear, are you saying you are a statutory status worker and thus federal is deducted which is what ?? 25% and is withheld. If you were and IC independent contractor, nothing is withheld and you send in the taxes on your own. . Employee and statutory have all or some taxes taken out.
Another Deduction (sorry)
So sorry, I forgot one of the most important deductions, your IRA or SEP IRA,your accountant will know which is best -- this was something my accountant insisted I do years ago; now they are worth "plenty" and I am so grateful to him for insisting I do this. It's all deductible and a wonderful way to save for your retirement.
Get a tax guy, his fee is deduction. FYI, if you
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Deduction is 100%, not 50.
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100% deduction for me too as IC.
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Heartland is finally purchased...
Spheris purchases Heartland Information Services.. more to come later in the week
I purchased it through Transcription Gear
express scribe thing yet. Have too much work today to fiddle much with it. I appreciate everybody's advice and help on this.
i purchased it directly at stedmans.com (nm)
//
I recently purchased the Stedman's (sm)
Medical & Surgical Equipment Words. Can you tell me the difference between this and The Surgical Word Book? Thanks.
Had same problem - purchased a 'hub'
store - cost about $80. It has a serial port and additional USB ports. Have used this for 3 years now. Can also use it for all the peripherals you don't have enough ports for on your computer.
Has anyone ever purchased Jon Knowles' list. ...
of abbreviations for medical transcription that can be downloaded into ShortHand or IT, and if so, is it worth the $45? I have been considering it and think it would be worthwhile but would like opinions. TIA.
I recently purchased a 23-inch...
Phillips LCD flat screen TV to use as a computer monitor. The TV price was relatively the same as a computer monitor of the same size. Definitely go as big as you can afford...you won't be sorry!
MedQuist was recently purchased
I just purchased the ABCZ glossaries for IT sm
A few weeks ago, and I am glad I did. It was definitely worth it. I like that I didn't have to start over from scratch to start following a system. I used his files and then used the workshop to convert my enteries over to the ABCZ system. It has been a big help to me. With 2 small kids I didn't have the time to try to figure out my own system and start creating the entries, so ABCZ was perfect for me.
about deduction from mortage
You seem to know quite a bit about this. I have rented in the past and so always deducted proportionally off my rent. I was under the impression there were some not so favorable consequences about deducting off home mortgage, which would be my situation this year, something about having to ante up somehow after you sell the house for the deductions you claimed, depreciating, etc. Can you clarify this any for me or refer me to a site that would explain this in "simple" :-) terms that I could understand? Not sure what I should do this year!!
Office deduction
I can use the money now more than I expect to need it later, as property values continue to go up. Also, after so many years of NOT claiming office deduction, isn't that penalty withdrawn?
Isn't the standard deduction much more than $2K? nm
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the SEP IRA is a huge deduction...
but I can't say that I've seen people frequently posting they take $10K in deductions. That also means they spent $10K. You may be imagining that. Maybe do an archive search and then try to repost and contact them? As has been frequently said on this post, the only difference between IC and SE is an IC pays another 7.5% self employment tax but then takes deductions. Don't see how that adds up to 10 grand.
Deduction in pay for errors....
 I was just offered a job at a measly 8 cpl after I took this ridiculously long and time consuming test. I get an email with FAQ and there is a whole section about how much they are going to deduct from your pay for errors. Someone over there has a screw loose. I wish I had not wasted my time. I already have one account that I make about 12 cpl, but I just lost one due to outsourcing, where I started at 9 cpl. I love my first account, but I always like to have 2 just for backup. I so far have been offered 7-1/2 cpl, 7 cpl and 8 cpl. I turned them all down. These people are crazy! If you want a good transcriptionist, PAY FOR IT!!!!
HomeOffice Deduction
Can I deduct my home office if I live with a roommate and am not on the lease? I have a room that is used solely for my office.
Sorry, but no 'blanket' 100% deduction
First, forget about a catastrophic illness - if you have a gallbladder or appendix, you can lose your home, right down to just keeping the shirt on your back. I know this for a fact because it happened to me.
Secondly, I fell into the insurance premiums are 100% covered trap personally (2006/2007). When my accountant actually did my taxes and explained the formula used for determining how much of insurance premiums (and out-of-pocket expenses) are figured, my deduction ended up less than 50% of my oop amount. I was disbelieving and demanded my accountant prove this, so they called the IRS and believe me, they proved it. If someone tells you, without reviewing the details of your estimated premium/OOP yearly costs and estimated yearly earnings, that your premiums will be automatically 100% deductible, they do not know what they are talking about. My point is not to be argumentative, it is to remind you that guessing without expert advice about your personal situation can be very costly. Learn from those of us who have paid dearly for poor judgement and bad advice.
Your standard deduction -
Do you have other things to count such as mortgage interest, etc? If you don't, then yes, your standard deduction would be the better deal.
I just finished a personal income tax preparation class in my accounting program in college. I always thought I was doing something with those deductions too until I took this class. Went back and looked at my old returns and lo and behold, always just took the standard deduction.
Personally, I am just upset that I took so much time keeping up with all those receipts and so forth!!!
Still using my "old" IBM keyboard purchased, I think, around 1990.
I totally panicked when it started going haywire & finally found a company that will repair them, have their own "clone" IBM's which aren't "too" bad, and also have the cord you were searching for.
I bought "their" clone while they repaired my original IBM, and it was pretty close to the touch of the original - but still just not the same. Then a few years ago, my son became aware of my dilema about searching for IBM keyboards -and, Geez - his company had one made by Lexmark back in their supply room - but without a cord -
If you're interested - try looking at http://pckeyboard.com/repair.html -- Repair services are through Unicomp out of KY - 1-800-777-4886, Jim Owens, Ext. 202.
I've been very happy with their service and I, personally, am surprised at what they charge. I purchased their "clone" & the cord for the IBM by Lexmark for $42.69, and their charge for repairing my original IBM was $35.44.
To, me - it's worth it!! Plus - their repair to my original didn't affect the "touch". They replaced key tops, corrected keys that were messed up, i.e., "s" key & others not working, replaced split "attached" cord - but didn't mess with my "feel".
Hate to admit how many "ergonomic" keyboards I've tried. Guess I'm just "too" old, set in my ways, & need my clicky-clack keyboard to keep my rhythm & fingers going.
Does anyone know how to reset a DVI? I purchased one at a yard sale and *sm*
it did not come with a manual. I am trying to use it for the first time and the dial tone comes up but it is asking for a log in ID. I would also like to purchase a manual if anyone has one. I do believe I can go to the DVI website and ask about purchasing one but that will not help me throughout the weekend in trying to figure out what do do now! Assistance is greatly appreciated!
I purchased BOSE head phones
and it was the best investment I ever made. I got tired of replacing headsets. You can get BOSE earplug ones or the over the head. I have both and prefer the over the head. It is amazing what I can hear now. Just wonder what I might have missed in the past before BOSE.
I purchased Office 2003 at Amazon.com.
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Can you take home office deduction if you are sm
an employee and how would one guestimate if they would qualify? Looking into this option this year.
Home office deduction
No, but unreimbursed work-related expenses may be deduced on Schedule A.
nix the home office deduction
If you plan on selling your house later on. The deductions you claimed in previous years will be lost when you try to sell. So, if you were planning on selling for $150,000, but you claimed $500 a year in home-office deductions, per year, over ten years, that's $5000 you'll lose out at the end.
Rephrase Deduction Question
I am considered an at-home employee. Not an IC or statutory. I have no itemized expenses to carry forward on the 1040. I take the standard deduction because don't have enough to itemize. My CPA says because of that, I cannot deduct my MT expenses. It does not seem quite fair. Has anybody else had this problem?
get an accountant -- you can take off their fee as a tax deduction and to me, it's worth it to ma
sure my taxes go in quarterly and correctly so that I don't get slammed at the end of the year!
Home Office Deduction
I rent my apartment. I have a home office, which is a room used soley for the purpose of an office, which is the restriction, cannot be part of living room, etc. I deduct portion of rent, all supplies, telephone, cell phone, electric, gas, and oil heat. I don't think your name has to be on the lease, just that you live there and use that room solely as an office. Also, if you travel to and from your job you can deduct mileage, oh and internet connection, which I use mainly for work. Hope that helps you.
Tax guy fee is deduction as is insurance cost if
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Home Office Deduction
I have 2 jobs, one as an employee and one as an IC. I was living in a house with a separate room for an office. I have now moved to an apartment. Will I still be able to deduct some portion of my rent and utilities if I don't have a separate office? I would still be able to deduct office supplies and a percentage of internet and cell phone charges, correct? Thanks in advance for your advice.
Just purchased Dirt Devil bagless in K-Mart for $50 and
dd
I purchased that book and it was useless. I think half the stuff in it was old. *sm*
My son told me that he thinks every useful thing has already been invented unless it is technology related. Sometimes I think he is right and other times I refuse to believe that every idea has already been invented. I am envious of the women on Oprah who are making a million dollars from a brownie recipe or an umbrella company. Sometimes I wish I could write a novel or a children's book that would be a best seller. I know people that sell one item on ebay such as golf clubs and are making their living doing that. I have never been able to find a popular enough item at wholesale cost to make a living at it. I do have an idea that I think would go over well in a shopping mall (the idea has been used before but it has never been in a shopping mall) but I do not know where to go with getting it past an idea. My biggest drawback is that I have no imagination and no real talent other than I am a hard worker and have moral values.
Thanks. I purchased a three way plug last night and it appears to be working and yes for the-sm
poster above it does have a filter on it but the way it plugs in I needed the extra plug so I could still be connected to the computer for my fax to work. Thanks again for the help.
I've purchased them at both Radio Shack and on Ebay. sm
If I remember correctly, they're called earbud cushions.
A variety of them can be purchased online here:
http://www.transcriptiongear.com/Merchant2/merchant.mvc?Screen=CTGY&Category_Code=EARCUSH
Power supplies are Dell proprietary and must be purchased from
power supply is the same way. I have 3 Dell laptops and a Dell PC and there are indeed a number of items that are proprietary. However, I love all of my Dell products and wouldn't trade them for anything.
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