Whoa..how much can you make on eBay before you DO need to file taxes on that income?
Posted By: nm Dubious on 2007-03-26
In Reply to: Do EBAY - MT without experience? - SCMT
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No, that's not why. You pay 39% in taxes because you have a high income.
The actual percentage is only 15.9% for medicare and social security taxes as a self-employed person. That percentage is what people are referring to when they say self-employed people pay "double" taxes.
Whoa!
Slow down there!! First of all, I was not suggesting that she pawn her children off on someone else for eight hours a day out of sheer convenience for herself. I was a stay-at-home mom until my son was 3-years-old and then I HAD to put him in daycare because circumstances changed and I had to go to work.
I was simply pointing out that it is good for children to develop social skills before entering school. I have talked to numerous teachers about this and I also have a background in education. No, I do not believe it is right for someone to use daycare to "get rid" of their child for 8 hours a day simply because they don't want to deal with them. It would be a perfect world if all mothers could stay home with their children all the time.
I'm glad you had the opportunity to stay at home and be with your children. I was able to do that for a time, and now that I am working from home I am able to be here every day when he comes home from school. Not everone has that luxury. Some people have to work. I was simply pointing out some of the benefits of daycare to the original poster to help her feel maybe just a little less guilty about her decision.
And I don't appreciate the intimation that I am a bad parent or would be a parent who would pawn off my child simply because I don't want to deal with him. That was very insulting. Every person's situation in life is different, and just becuase you have everything all figured out and the way you want it, doesn't mean that the way other people do things is wrong.
Income
Good morning! When I started out in transcription, I made $7.69/hour plus some incentives. With the increase in my speed and the nice incentive plan at that hospital, I was bringing home about $900 every 2 weeks, which was pretty good for a single mother in the area I live. Well, that was 12 years ago! I currently average about $18-20/hour getting 9 cpl, which I'm very happy with. When I took my first remote position working from home, I was 5 years into my career and made only 6.5 cpl. We all have to start somewhere. I gradually worked my way up from the 6.5 cpl to 9 cpl, so that might be the case for you. I make a comfortable living. I love this career. It's rewarding and challenging at times, which keeps it from being monotonous. My older sister went to Career Step (awesome school) and was hired right out of school working from home, has been doing this 3 years now. My younger sister is now taking the Career Step course after being a nurse for years. My mother just got her associates degree in office technologies at a local college at the age of 60 (GO MOM!) and is going to do coding at the local hospital after she completes an extra couple of courses she's taking in coding on the side. She absolutely hated the transcription course and said I could take my job and put it where the sun don't shine! lol It's a family affair! :)
Good luck to you Rowena!
2nd income MT at home
Does anyone out there do home transcription in the evenings as a second income? I am looking to type about 15 hours a week at home with nonspecific hours. I was wondering if anyone else is doing this or if there is even an opportunity for that available. Thanks!
Kristy
2nd income MT home
I do. I work full-time and part-time from my home. I work 12-20 hours per week for my part-time job mostly in the evenings. Is is possible.
What is the range of income for MTs?
Hi there, I am a student at the moment, taking an advanced medical transcription course. I plan to work from my home either for online transcription companies or contract myself out from home for doctors. I am just wondering if anyone can tell me the income range and potential for this line of work. I know you either get paid by the line or by the word but how much per line or word, starting at and approximate maximum wage.
supplement my income?
thanks for your positive advice. I just want to make sure I will make a decent amount of money doing it part- time to supplement my income before I spend time and money on an online course. Also I noticed a lot of places will only hire with experience. How about freelancing so I can work for myself? Do a lot of mt's do that? Can you work at your own pace and make your own hours doing MT? that would be important. is it true that the rate received per line goes up with the amount of experience you have? that would make a low starting rate not so bad.
You'll need to work 2 jobs at home to be able to live on MT. Or have a spouse + your income. Best
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MT taxes
Hello, i'm a new MT, just got hired last month as an intern. My question is, is there anything special that you have to do different with your taxes? My contract states i'm a "independent sub-contractor" and i was just wondering if you still do your taxes with everybody else in Jan. or if you have to do yours every 3 months or something? 
Any help i would greatly appreciate! Thanks.
I pay up to 39% in taxes but that is because
I am responsible for paying in DOUBLE the taxes, i.e. the taxes that my employer would have paid half for. I deduct my internet, mileage, supplies, percentage of home/office space, stamps, mailings, tolls, percentage of phone and utilities, etc.
taxes
How do you figure the % of your home/office space?
Taxes
I have never had to take my own taxes out of my check....HELP? Are there any websites that can help me calculate how much to take out?
Thanks.
Taxes
Thanks for all of your help!! It was quite useful.
Amanda
IC Taxes
Does anyone have any information on how to find out exactly what I am going to owe in taxes or some kind of tax calculator? I have been trying to save money out of every paycheck but I want to make sure that I'm going to have enough when tax season comes around. Hopefully someone can help me as this is the first time I will be paying my taxes.
Thanks!
Amanda
taxes
I called my H&R block and they told me to take out 20% after I told them about what I thought I would be making. I told them a little more, just in case.
Taxes
10% off the first $10,000
33% for anything after that....
for me anyway.
Taxes
If any of you are IC you know that the little stubs you send in with your check every few months has a date on it when the taxes are due. I forgot about mine and sent mine off 3 days late. Anyone know if that will affect me in any way, like a late fee or something?
Save as a .doc file sm
When you're finished with the test, make sure you save the document as a .doc file to send back. In 2007, a Word document would have a .docx extension.
I work for a company that uses an earlier version of Word, so I save as .doc files on a regular basis and they haven't had any problems with compatibility.
Hope this helps.
Self-employment taxes...sm
If you are self-employed, you must pay your taxes quarterly, regardless of other income in the family. You are responsible for the federal income tax as well as state tax. You can go online and pull off a state estimated tax form(voucher) and same for federal taxes (1040-ES/V) form. Both are due quarterly. Once you get going, it won't seem so foreign to you.
IC can file estimated x4 annually or....nm
Definite file that complaint.
They will get back to you via e-mail. It works. They will wind-up looking into that company as the above poster says and you will get retribution. It may take some time, but do not give up. Report it every so often to keep it active, but yes, report it to the FTC. That is what the FTC is there for, us consumers who get badoogled! 
FTP = file transfer protocol; a way to (sm)
send one file directly from 1 computer to another. Some FTP's require passwords, others don't. It all depends on the level of confidentiality of the file.
Do you have a company or do you file a joint
return?
If you are married and file jointly you can have your spouse
take out extra taxes and not have to worry about paying estimated taxes. I've been doing it for 2 years and this works well for us. Budgeting is an issue for us, so this way we don't have to worry about it, it comes out of his check and we even got a little back this year.
Need help opening a compressed file with Vista
I received a test from a company and it is a compressed file. I have Vista and have been unable to uncompress(unzip) the files. It says the folder is empty. I emailed the HR department and they said that they have received several test back already so they know the folder is not empty. Does anyone know how to uncompress a file with Vista?
A wav file is not short for waveform. It is a voice
file that you would receive over the internet, not via C-phone. You need software/foot pedal to be able to play the wav files. Wav is pretty much the generic term, but there are many different formats, like mp3, DSS, etc. that the files could be in.
eBay
While I was investigating which online school I should sign up with, I came across a "course" on CD for something like $12. I was very concerned that I would pay a lot for an MT course and discover I hated it, or that--worse yet--I would find out that my poor ADD brain would short-circuit from the added strain of studying so much new material. So I sort of used this abbreviated course as a way to give myself a trial run. I was not disappointed. There was certainly enough material there to keep me busy, and I found I loved what I was learning and wanted to learn more. Also, the course I purchased states right up front that if you are serious about becoming an MT, you might want to enroll with Career Step. There are also CD's you can buy on ebay that have lots and lots of transcriptions you can listen to and practice with. I've bought these, and they are fun. I don't think they are a ripoff at all. BTW, I'm currently enrolled with Career Step and having a great time.
EBay.
I can't say enough about this. I have almost the entire library of specialty books, and that is completely the way to go. I use nothing else. I have bought two lots of them on sale there. I have get to purchase one brand new.
When I started out, I made a committment to buy one or two a month. I am only missing the ER and psychiatry one, but really the specialties themselves take care of my acute care work, and I don't have too much psych as it is. I will e-mail you some good links too.
eBay
Don't know if you got your foot pedal or not, but I have bought/sold a lot of transcription equipment (and everything else) on eBay. Just watch their ratings and ask for speed of shipping. Prices there are usually great!
eBay
Check eBay. I found a TON on there and several came with answer keys. Good luck!
Not the OP, but you can pay your taxes once a year at tax time. Estimated
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If the test file has such difficult ESLs, you don't want to work there anyway! It would be
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Info To File Complaint Against Proficient Transcription
This is just and FYI for those who are fed up with trying to get refunded from Proficient Transcription.
Complaints can be filed online with the following entities:
http://www.bbbwestflorida.org
or write to:
BBB @2653 McCormick Drive, Clearwater FL. 33759
The Federal Trade Commission
https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01
Federal Trade Commission
CRC-240
Washington, D.C. 20580
FL State Attorney
http://myfloridalegal.com/Contact.nsf/ContactOpenForm&Sectionfiltered=Economic_Crimes
Office of Attorney General Charlie Crist
State of Florida
The Capitol PL-01
Tallahassee, FL 32399-1050
Take action right away scammers have no rights to your money.
If you file jointly it doesn't matter who paid for them, it all comes
from the same pot anyway.
Short for waveform.....type of sound file.
xx
eBay finds
Though one poster on this board did remark that he thought Sienna was a scam, I respectfully disagree. It is a short course, introductory in nature, and recommends that if you wish to pursue a full-time career in MT that you look into CS. I use their CDs for enrichment and feel I definitely got a good value for the price. There is a lot of good stuff there; there are some dead links. I am pretty sure nobody really thinks they can become a fully-qualified employed MT for $12. Full-fledged scammers charge much, much more!
Supplies on eBay
I purchased the SUM Program and all the necessary workbooks and reference books on eBay. Go to the HPI (SUM) website and check what is included for their program and what is necessary. The student syllabus for self-directed students is available for you to print out which will give you all your assignments. You will also be able to find all the Stedman's reference books that you will need for a fraction of the new price. By buying groups and taking what I need and reselling the rest, I ended up with all neceassry items including my computer and a new dictaphone for less than nothing. Just make sure you get the latest versions of all materials. Good luck! lynn
don't buy retail - get it off EBAY...
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Do EBAY - MT without experience?
I've been doing this for 15 years (MT) and things do not seem to have changed. Finding a job after finishing school is hard enough. MT pay has gone down over the last 5-7 years - I quit for a bit and tried my hand at ebay - I made more money selling on ebay than what I was bringing home doing MT. Then my cpa said that I didn't even have to claim the ebay profits because it was the equivalent to a garage sale. I hope this helps.
Beware of eBay...
I had an ebay store 2002-2005. I closed the store in February 2005. Two months ago we recieved a letter from our bank stating that we were $143 overdrawn, on a closed account. I had closed this bank account around the same time as the eBay store as I had only opened it for use with eBay and paypal. In January 2007, I recieved an email from eBay for payment of $143 on a purchase I had made on my account. I had made no purchase, in fact I had not used my eBay account since some time last summer. Well, in February, I recieved an email from paypal stating that someone had tried to hack my account with them for...$143, but they caught it only after the bank questioned the transaction. This was considered identity theft, according to paypal and I have since closed my accounts with both eBay and paypal. I have since had problems with my current bank accounts and actually had two checking accounts frozen for a period of two weeks because of all of this. Once paypal had notified me of the situation, I presented all of the email documentation to my bank and have since reained access to my accounts. Just please be careful! EBay and paypal both recommended to me that in the future, passwords should be changed at regular intervals, and for no reason should you use a "save password" option for accounts such as this. I wondered why they offered the option...makes you wonder.
No, I got my spectra on ebay...
I got a really great deal, $10 shipped. I had shopped around and new that was a good deal, so I snatched them up for that price. :) I'm considering buying Universal Headset Extender and Volume Control from transcriptiongear.com so I can have more control over the volume.
Ebay and amazon.com
is where I found my best deals. You can buy used and new books on amazon.com from private sellers. I seriously got some amazing deals, most books or electronic books for only $5-10 shipped and these were newer editions. You just have to keep looking on both until you find the right price. Good luck!
I've been an IC for five years and never had to pay more than $600 one time a year for taxes...
I have so many deductions that I almost don't pay taxes. Yes, I also have a tax professional do my taxes. I keep a clear plastic envelope on my desk and anything I buy related to the business or phone expense, % of electricity/gas, health insurance, medical expenses, etc., all go in the envelope so at the end of the year I'm not searching everywhere for my deductions.
Anything you use for your business is deductible, but used items. If you buy a used computer on e-bay it isn't tax deductible. It has to be new to be a deduction.
I started out in the file room of the urology office I used to work for.
They had a new peds uro coming in and wanted another typist. The only schooling I had was 2 semesters of medical terminology at our local community college. Granted that was in 1990, and I at least had a working knowledge of urology, but it can be done if you really want it bad enough.
transcribers can be found on ebay
I got mine there, including shipping was around $40, and works like a charm!!! Looks brand new. ebay is my answer for darn near everything ... just pay close attention to descriptors and negative feedbacks (if any)
Question about ebay & supplies...
Hi everyone-
Let me first say how glad I am that I found this board! It seems like a wealth of information for the industry!!! I have my EMT certification and am currently enrolled in an MT class at a city college. I have also had med. term, anatomy, etc... at city college. I have an opportunity through a friend who has been an MT for years to jump right in with a job. I don't want to feel unbelievably overwhelmed, so I would like to get some more materials to study on my own for the next month or so. I have looked on ebay and there are lots of cd's available. I did read that Sierra was a scam, but there is another one that is $20. Just wondering if anyone has any experience with this and for what I am looking for would this be alright? Also, are there any other suggestions for tools and workbooks I could find? I would love to work on med. term. and test myself in that area....any good websites for this??? I would really love to hear any feedback you all might have for me. I would like to pursue anything that might help me out before I get started! Thanks in advance for your help Amanda
If you don't want to get slammed with a huge payment due, estimated quarterly taxes
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If no takers from this message try eBay. These sell very well there! nm
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Shall I buy Foot Pedals from ebay, India?
Hello friends,
Im setting up a workstation in my home for MT. I recently found a Foot Pedal listed in ebay India.
Anyone here have purchase experience with foot pedals in ebay?
Prabha.
Chennai.
Have you searched places like Alibris.com and ebay, etc.?
Sometimes they have used copies for sale. Amazon.com too. I've had a lot of luck with Alibris before though.
Found a great deal on ebay for those interested
Stethoscope style headphones with pc style plug in for $8.99 shipped.
Item number: 320296944311
I'll be purchasing myself a few as well. 50 available.
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