Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help Medquist New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Health Issues
ADVERTISEMENT




Serving Over 20,000 US Medical Transcriptionists

Different categories with IRS

Posted By: IC, SE and employee on 2009-06-15
In Reply to: Full-time IC? - Another frustrated MT

In about 1997, the IRS began pushing the use of SE (statutory employee) for MTs.  If you are an MT with a long-term arrangement to provide services to an MTSO, this is the classification that is appropriate, regardless of full or part time.  You can be an IC and SE at the same time without one affecting the other.


I was an IC, SE and employee in 1998.  My return was audited. I had a contract for each instance that spelled out my relationship with each.  THAT is what saved me and the SE company from having to deal with an IRS mess. 


MT has become less of a long-term arrangement these days with heavy turnover.  People take jobs - or jobs change, i.e., going to VR - and realize they are not making even minimum wage and leave.  Companies don't want to be in a position of either guaranteeing (sp) work or a minimum per hour wage, so they offer IC to protect themselves.  You can ask about moving to SE status after a trial period.  Some of the smaller services may accommodate this; others won't. 


Whatever happens with the status of the job, DO protect yourself with a contract because the IRS pendulum is swinging back in the direction of reclassifying MTs as employees and moving away from the use of SE.




Complete Discussion Below: marks the location of current message within thread
  • Full-time IC? - Another frustrated MT
    • Different categories with IRS - IC, SE and employee

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu


Other related messages found in our database

several categories
In the category of brooders, I agree - also the dude who used to be on ER - Eric Lasalle. Other brooder runner ups - Sean Penn, DMX, (yeah - WHAT) 50 cent, dude from 90210.
Sorry that is cant get in. All the categories have disappeared for me.
:
confused about company categories....
I know what a large national is, I know what an MTSO is, but I don't understand what a 'small national' is. Is this the same as an MTSO??

I haven't been in the biz an awfully long time, but from what I've been able to gather, an MTSO/small national is the way to go.

Happy 2006!
There are a lot of categories you probably aren't thinking about
All of the stuff posted in below of course but your spell checker, computer depreciation, misc office supplies like pens, paper, etc. I deduct individual business phone calls (cell and home phone), part of my antiivirus software costs, etc. If you use it for work chances are at least a portion of it is deductible.
I still cant see the categories on the side and I have no clue what happened.
:
I think I participated in that; certainly fit in the highest %tile in just about all categories.
x
Same here! Love it. No bells or whistles or categories. Easy! nm
s