Posts Tagged ‘locum tenens taxes’
The 12-Hour Rule: How 1099 Physicians and Locums Legally Turn Hospital Shifts Into Major Tax Savings
In a Nutshell If you are a 1099 independent contractor physician working shifts that last over 12 hours door-to-door, you can combine a compliant home office setup with IRS travel rules to convert your daily commute into a fully deductible business trip. By establishing your home space as your primary administrative center, you write off…
Read MoreThe Complete Guide to Quarterly Estimated Taxes
In a Nutshell Quarterly estimated taxes are payments you send to the IRS four times a year on income that doesn’t have taxes withheld. For 2026, the deadlines are April 15, June 15, September 15, and January 15, 2027. If you’re a doctor with side income, run a private practice, or work as a locum…
Read MoreBest Tax Preparation Services for Physicians With Multiple Income Sources
In a Nutshell Physician tax preparation services aren’t just regular tax help with a fancy label. If you’re a doctor juggling a W-2 hospital job, some 1099 locum shifts, maybe a side telehealth gig, and a rental property or two, your taxes are not “regular person” taxes anymore. You need a specialist. The best tax…
Read MoreWhat Travel Expenses Can Physicians Deduct in 2026?
Travel can help your career. It can also create a messy pile of receipts if you are not careful. That is where a lot of physicians get stuck. You go to a conference. You fly out for locums work. You drive between practice sites. You book a hotel because a hospital shift runs long and…
Read MoreHow Self-Employment Tax Really Works for Independent Contractors
If you earn 1099 income as a physician, dentist, CRNA, therapist, consultant, or practice owner with side work, self-employment tax can feel a little annoying at first. Maybe more than a little. A lot of people see a strong contract rate and think, this looks great. Then tax season shows up and the bill feels…
Read MoreCME Travel Deductions for Doctors: What Counts and What Does Not
You go to a CME conference. You sit through sessions all day. You pay for the flight, hotel, rideshare, meals, maybe even the registration fee months earlier. Then the question shows up. Can you deduct it? A lot of doctors assume the answer is simple. It is not. Some CME travel costs count. Some do…
Read MoreHow Tax Advisors Help Investors Keep More of Their Returns
You can make a solid return in the market and still feel a little annoyed at tax time. That part catches people off guard. You look at your brokerage statement, see gains, dividends, maybe a few distributions, and think things went well. Then your tax bill shows up and takes a bite out of the…
Read MoreHome Office Deduction for Physicians: Audit Risks, Rules, and Safe Strategies
You would think this one would be easy. You work from home sometimes. You review charts there. You answer patient messages there. You handle admin there. Maybe you even run part of your 1099 work there. So the deduction should apply, right? Not always. That is where many physicians get tripped up. The home office…
Read MoreBookkeeping for 1099 Doctors: What to Track So You Don’t Lose Deductions
If you’re a 1099 doctor, you probably already know the money can look good on paper. Then tax season shows up. And suddenly the question is not just how much you made. It’s what you can actually prove. That’s where bookkeeping comes in. Not the glamorous part of running a medical side business or contract…
Read MoreWhat Is Tax Planning and Compliance?
If you have ever looked at your tax return and thought, “Wait, was that it?” you are not alone. A lot of people think taxes begin and end with filing forms in the spring. You gather documents. You send them in. Someone prepares the return. You sign. Done. That is part of it. But it…
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