In addition to a tax specialist

Posted By: Snow Bunny on 2005-12-05
In Reply to: Questions regarding IC status - new MT

Do a little reading:

The Home Office Tax Deduction:

http://www.nolo.com/article.cfm/objectID/C9488136-EDA9-488D-92C9C81F56BE5CE2/111/159/264/ART/

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Questions regarding IC status - new MT
- I've been an IC for five years and never had to pay more than $600 one time a year for taxes... - AzMT
  - $600/year!! I would LOVE to pay 600/year - - mtbe
- In addition to a tax specialist - Snow Bunny
- been filing IC for over 15 years - lilworried
- I pay up to 39% in taxes but that is because - IC
  - No, that's not why. You pay 39% in taxes because you have a high income. - tax pro
  - you don't pay double...sm - IC
    - You deduct your kids' school supplies? OMG! - ROFL!
    - "consulting fees for seeing your therapist" - huh?? sm - Unclesam
      - One assumes that was a joke... - Lynn
      - He's my job coach, silly :) nm - IC
  - taxes - trose
    - my accountant figures the percentage by the - IC
- I'd talk to a tax specialist .... - Saras

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I'd talk to a tax specialist ....
IRS laws can be confusing. Many people on the boards can probably give a good overview of the laws and requirements, however different states may require different things. I wouldn't want to be caught in a financial quagmire because of ignorance of local requirements, thus a consultation with a local tax consultant would be my choice.

in addition...
Don't let people tell you that you can't make this. Do what you can and be persistent. It won't happen overnight; it took much persistent to find an employer willing to take me on without an MT specific education. Don't get me wrong, being an MT is not easy and its not just "typing" but if you have a strong medical background and interest you can make it in this field without formal education you just have to find the right starting point. It may be part-time and working for beans (and a lot of personal time for researching, obtaining resources, and learning) for a while, but you can get there.

in addition to the phone book
Go get 2 Rolodex's. They are cheap at any office supply store. Use one for medications and one for medical terms that are new to you. Also for a pharmaceutical book, the Monthly Prescribing Reference is free on line. Just Google it under that name and download it into your system. It will give you weekly updates to the drugs that are either being taken off the market or being put on the market. It's the drug book physicians use and far superior to any book that has to be renewed year after year.