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

Not my place to make sure her taxes are paid

Posted By: VR person on 2007-11-10
In Reply to: Well I guess she would make that much if she - doesn't pay taxes. I do pay my taxes.

I can only take care of my end. Not in her head when April comes around so??


Complete Discussion Below: marks the location of current message within thread

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

You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
START paying property taxes?!?!? Honey I HAVE BEEN all since I got this place!!!
"If you want to be treated like everyone else, then pay taxes like everyone else"

Well thanks for ASSUMING that you knew that I didn't pay taxes. Every single person in this place that I live (300+) pay taxes. We don't own land so we don't pay taxes on that. We pay it on the home. Then our rent payments for our itty bitty pieces of land helps pay the propery taxes for the site.

In Michigan they don't? Seems hard to believe they would do that. If they don't pay it on the home then I would think they would paying it on the land or if they are in a park I would think that the park OWNER would pay the property takes for the large site.
if mt paid 9, editor paid 4 or 5...how can company charge 14 and make it..sm

I know the going rate in our area is 14 cents per line.  As MTs most companies here pay us 8 or 9 cents a line.  Now add in the Editor rate at 4 or 5 per line..you are paying OUT more than you can charge a line.  How would companies stay in biz?


Unless all work is sent by the company overseas at pennies per line, this would not pay for a company.


just curious how this works out


taxes must be paid either way
No matter type of business you set up, whether it be sole prop., LLC, etc., you still have to pay taxes on that income.  So either way, some sort of paperwork will have to be filed with your state when it comes to tax time.  The state and the feds want their cut of your profit.
You MUST have 90% of your taxes paid by Dec 15 or they will penalize you.
My DH was having more taxes taken out of his pay to cover me but not enough and we were always getting penalized. Now he's smartened up and raised how much they can take. Hopefully this year will be better.
Always paid my taxes and on time so never
had to worry about this, but I would be leary of any company wanting $$ for services.  I'd just call the IRS and tell them the situation and see what they say.  Of course, this late in the tax season getting through may be an impossible task.  If you have a local IRS office it might be better to go talk to them in person. 
Today I heard you have to had paid that much in taxes
Heard that today and I think it is only fair if they do it that way.  Cannot see how this will help as all it does is push this country further into debt.  As a nation we cannot pay our bills as such and then they think that by giving people an extra $800 that it will help with our economy -- rather have them keep it and get us out of debt.   Here in Oregon, people get money back in state taxes who have not even paid because of the child credit and I do not agree with that -- will get flamed for that I am sure but feel that people need to be responsible for raising their own kids and not ask the government or me to do it. 
right, taxes are paid in the state where you earn 'em...
since you work at home, you earned your wages in your state and pay them to your state.
Well, my husband and I paid 58% last year in taxes. I swear! sm
I won't tell you our gross, but it's above average, we both work 70+ hours a week and we are struggling to pay our bills - parents of 3 young children.

I am scared to death of Democrats being back in office. GW at least wants tax breaks for families like ours. If the Dems are in office I'm afraid we'll be taxed more to help pay for people like my niece who had babies beginning at age 13 and has never had a job in her life. How can this NOT outrage anyone - yet I know there are people out there who tell me to get over it, it's life, those other people are 'entitled' to our money. It's absolutely vile and disgusting.
and, you're an IC, so you make a little more because of your taxes.
nm
right, make a little more per line, but also pay more taxes.
nm
I make about $5000/month before taxes (sm)
I suppose I could work more, but...eh.  I only have to work 35 hours a week for full time.  I keep saying "this week I'll do 40," but there's more to life than work (at least I hope so). 

$24,000 in savings!  Rock on!  I hope to be there soon.
Make sure there aren't other taxes that you're overlooking.

Some communities/counties have occupational privilege tax, 911 tax. Some sales require you to collect a sales tax on your service. The best advice is to check with a tax preparer AND visit your state's revenue website to make sure you're not missing anything.


As an SE, all taxes are taken out, but I am wondering if that is reason enough to make a change? sm
Company "A" is my first job being an IC and I am not sure I can wrap my head around why any employer cannot take out taxes which is not the case with many companies which offer you IC status. They tell us how and when to work. This IC job I have right now is no different than any job I have ever had with a hospital, but I think it is a rip off having to pay self-employment taxes. BTW, Company A is in the same state in which I live, so wouldn't be difficult to take taxes out of my check.
I wish you would not make a blanket statement about things you don't understand about taxes sm
When you are an employee and you are financially responsible for your office, the heat, the electricity, the space in your house, your deductions are nearly identical.

I'll give you this though: ICs frequently make a higher line rate than an employee, at least initially. So many employers are freezing cpl increases in favor of production incentives. My company did this and the incentives are excellent. I have gotten to where my line rate with the incentives is actually higher than any IC position I have ever held. I am going to do that many lines anyway and I am well ahead on all fronts.
I would definitely make an arrangement that you get paid for ALL...(SM)
work you do including proofing or whatever.  As an IC you should NOT work for free.  I do  at times do a few little extras as an IC that I don't charge for, but if it was a lot and time consuming I would charge.  I would just add the charge on bill.  If she doesn't like it, then she shouldn't have you do the work.
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
Excuse me but federal taxes are paid as employee by employee
The ONLY difference in IC is you pay the ENTIRE amount of the SS which is the 15.25%, as an employee you only pay 7.75%.  And you can easily make up that difference in deductions.  As an employee you just have someone else manage your withholdings and as an IC you do it yourself.  I have much more usable income being an IC and not an employee and I am strict about putting aside what I need to.  But everyone always says you have to pay your own taxes, well your employer does not PAY them for you -- except 7.75% of SS, they merely withhold it for you.  As an IC you are the employer. 
I make $2-3/hr (we are ICs paid for talk time only)
We are ranked. If you aren't in the top ran you do not get as many calls.
I wrote out a longer message but for some reason it didn't post.
U make no sense. If paid per correction, why
x
If you are paid by the line and make over $25 an hour, then I hate to say it

but I am wondering if you are doing full QA.  By the line is NOT fair pay for QA.  I know I mentor new MTs on a very difficult account and there is no way you could earn a decent wage on any amount of line pay, no way!


Don't go telling someone they could do better if they are paid by the line.  Quality specialists MUST have ethics in their work.  You can do a decent amount of reports a day and give feedback and mentoring, but you certainly would not be earning $25 an hour on line pay that I have seen....just no way!  The most I have seen QA paid is 7 cents a line and still those women do not average that amount. 


Now, I don't know what you do or if you listen 100%, but most QA positions I have had have had megablanks, 100% listen as well as 100% feedback and you just cannot produce that much doing your job in a proper manner.


For QA consulting I'm paid per hour; QA instructing (college) paid salary, QA editing paid per li
I am an IC and work for two different MTSOs as well as instruct at a business college.
It's the only place I have ever lived.. Great place to retire or raise a family. Low crime rate e
living is pretty easy here. Low stress..
The position varies from place to place..
Sometimes you end up doing VR, which can be really easy or a real pain. Sometimes you end up simply editing files and all is good. Other times, you end up with more job responsibilities and hours than you ever wanted. All in all better than typing LOL.
As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
But how much are the US EDs gonna be paid? Typically this work is paid at 2-3 cpl. nm
:+
You don't get paid an hourly rate you get paid by line - sm
so because of how you are paid (not an hourly rate) you don't get OT, especially if you are an IC.
I would move on. I think it is so unfair not to be paid for spaces! I think we should get paid

per keystroke, but that'll never happen.  I just think that these national companies are going to keep finding ways to cheat us.  I found a job working for a hospital as an employee, paid hourly plus incentive, and they let us expand everything!  Somebody's gonna have to kill me to make me give up this job.  I will never go back to the national's again.


I feel for you though.  I know that for us MTs those good jobs are few and far between and some have little choice but to work for the nationals.  I just happened to luck into the job I have now.  I just applied at the right time. 


Good luck to you whatever you decide.


If those companies paid a fair wage, and paid more
all came out equal, people wouldn't feel the need to try to make up the deficit by going for the good stuff. I actually prefer the harder, juicier reports. But I can't make a living doing only that, because the pay is not commensurate with the difficulty. So even though I prefer not to, sometimes I have to pick up some of the easier, more boring 'line-o-matic' reports just to make ends meet. Tell your MTSO to make it work their while, and MTs will stop taking all the easy work away that you obviously would prefer to keep for yourself.
You wont show UE being paid because it is employer paid -
the employee will never have to pay this.
What you "should" be paid and what you "are" paid

sadly are two very different things.  Good luck on demanding more..because someone else will just come along and take it for what they offer and they know it. 


THANK YOU! That is my point. She still pays taxes, her DH still pays taxes...

so who exactly is getting cheated?  And just who are you talking about when you talk about whether it is "fair" or not.  I don't give a crap how much taxes my neighbor pays.  It's none of my business.  And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!


I just want ask, is it necessary to get personal and insult?  You disagree with me, fine.  But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned.  That is a little over the top.  If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!


It is a very good thing that some of you work at home, ALONE!  You are sorely lacking in people skills and diplomacy.  Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor!  I've worked women like you, it was like working with kindergarteners.  That's why I came home to work.  Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!


10$ late if invoice is not paid within 10 days. At day 15 work stops until invoice is paid. Hardly
xx
You spending 3K in gasoline to make 4K plus all that time on the road?That doesn't make sense Pat




How nice that the world revolves around what you make and no one else could possibly make more. sm

Marla in So. California pays 11 cpl for a 55 ccl, Oracle pays 9-1/2 cpl, MDI-MD 11 cpl, JLG 10 cpl for gross line, etc.


Of course, these are rates negotiated and paid to qualified MTs.


When I see mistakes I repeatedly make, I make a quickcorrect for it (sm)
for example if I type we plant o instead of "plan to" I have a quick corrct so that if I type plant o, it replaces it with plan to, etc. It is hard - I was with the same company for 8 years. I do not work for anyone with an accuracy requirement though.
When you make the copay, make them give you a sm
receipt for the amount you pay them.  I know they don't like to do this because it takes time, but if you are really stern and insist on a receipt they have to give you one.  Then, the next time you get billed for something you already paid, tell them to look for their copy of the receipt and let THEM do the work. 
Yes, unfortunately you do have to make a pest of yourself to make it work, but.....
as the years went by that is why I stayed away from those type of companies.  BTW, Noni is a fabulous product, I absolutely do not care for the "marketing techniques" they use.  One of the facts of this type of industry is you cannot just recruit to make it, you have to retail.  Ever since I "overhauled" my techniques and system...I never had to ask another person to some on board again.  Well, nuf for now.  Take care and have a blessed week!!
lol cut myself off. Anyway, I'll make close to what I used to make with MQ,
ddd
I do pay taxes --- MOST DEFINITELY PAY TAXES
I also keep track of all of the write offs!!
Do you also pay your own taxes?
that means it works out to about $13 an hour.
Taxes

Do you think when you are working for someone else that "they pay your taxes?"  We all pay our own taxes except for the additional 7.5% of SS as an IC you pay.  And I will bet that as an IC/MTSO I pay a lot less taxes than you do and I make more than you do.  I cannot understand the mentality of people that say "you pay your own taxes."   Your employer just "holds your money and pays your taxes."  I am just responsible enough to put the money aside and pay mine but as a IC/MTSO with all my deductions I pay on 20 to 25% of my gross and I am able to put aside $700 to $1000 per month in my retirement which is totally deductable.  Your statement is totally incorrect.


 


IC - taxes

I am never sure whether to classify myself as an IC or small  MTSO as I have my own accounts.  But where I see a lot of the problem is that the doctors are not making as much as they used to, due to insurance company reimbursement, etc.  They are trying to save every penny that they can just like we do.   I keep my line charges probably quite low according to many standards but I make a a very good living and I cannot see charging the doctors 15 to 18 cents per line when I make very decent money at 11 to 12 cpl -- gross lines.  I also get GREAT tax breaks and though I have to pay the other half of the SS self employment, I still bring home more of a dollar than working for someone else.   I have also found it hard to find anybody that will subcontract to me that is truly dedicated and will work hard. (I pay  8 to 9 cents per gross line  and I deliver tapes and do all the printing, pick ups and deliveries)  I know that kids get sick, there are football games, etc. but this is still a job and you gotta put it first sometimes.   It is hard to find anyone that will work the TAT of  20 to 24 hours by the time I get the tapes to them.   Then that leaves the burden on me.   So I mostly stick to my accounts that bring me in $50 to $55 per year (and this gives me my benefits) and have turned down accounts because I don't want the hassle of the IC's to me and they could be going overseas right now.  But I think that the insurance companies are behind this more than the docs.  When your MRI is interpreted over in India -- do you get a break on the interpretation -- no but the insurance company gets a break on what they pay out so who pockets it???? 


My thoughts and I am sure I will get a lot of disgreements but that is okay we are all entitled to our thoughts.  Oh yea for this amount of money I do work 28 to 32 to hours per week-- just quit an in house part-time job as they wanted me at least 24 hours now, started out at 10 to 12 but the docs found out that they could make more money paying me to transcribe their tapes than to type their own notes in the EMR's even with templates.  So we will be around for a while.   Oh yea if I would have kept on with both jobs would have easily made $65 K but working 50 hours a week was getting to be a bit much.  


Patti


IC taxes

One suggestion that I have for all of you that are questioning IC taxes is to look at your past tax refunds when you were an employee and see what percentage was withheld and do about the same.  Yes there is that extra 7.5 for SS but it  is also a deduction and you can look to find 7.5% of your pay as a deduction whether it be in the form of your own retirement fund, etc.  When I saw that I was paying so much to the IRS, I decided that if I could afford that I could start my own retirement fund and did it.  I now contribute close to $1000 to it per month.  So go online, get an old copy of Turbo Tax and run off the schedule C's and see what deductions can be taken for a small business and then see what you can do to save in taxes.   Look at your old tax returns and if you are married have your husband over withold if you can't do it yourself.  You are not paying that much more when you work for yourself you are just in charge of paying them yourself and not allowing someone else to hold it out from your check.   But look at old returns, plan, plan and plan.  When you look at your net vs your gross that will tell you what percentage your employer is holding out.   Either as an employee or an IC we all pay our "OWN" taxes but as an employee someone just does it for you.   Good  luck to all of you.   Patti


TAXES~~
You get to deduct sooooo much, part of your housing, utilities, any supplies such as printer paper.   Last year I made about 40,000 and once the deductions were complete, it was right at about 8000 (have kids to deduct of course so that helped)
taxes
I live in Alabama and have always been employed in Georgia.  Other than the time I was an IC, we always filed both Alabama and Georgia tax, whether I did the work at home or not.  My husband works in Alabama.  The amount of the tax always pretty much balanced out.  In fact, I usually got a refund from both states, just more for one than the other.  As an IC, I only file an Alabama return, as that is where my "home business" is located, no matter where my "clients" are.   
Taxes
If you are talking about tax deduction the answer is no.  If you are an employee and the company is taking out your taxes, etc. you are not considered an independent contractor.  If you are SELF-EMPLOYEED...then the answer would be yes.
Taxes
Maybe they do that because they don't have to pay SS, or withhold any taxes for them since they don't live here.  Maybe we need to put the bug into the government's ear that they are losing out on a lot of money here by allowing them to do this and you know how the government loves money.    Just a thought. 
IC and taxes
Is it a pain to do taxes when you are an IC?  What do you all do?
IC taxes
Go here: https://www.eftpssouth.com/Eftps/

This is for federal taxes and you can pay on a weekly, daily, monthly, etc basis. As far as expenses deductible, you really need to do some research - you can deduct all expenses related to the running of your business. Best thing to do is have a room in the home/apt totally devoted to work and you can then take that % of home as a deduction. You obviously know very little about this stuff or you wouldn't ask that question. I would suggest getting the IRS instruction booklet on home office and the one on business expenses and reading it thru thoroughly. If you are not good at this stuff, then hire someone to do your first year and learn.
IC taxes
Will do that. Thanks for your input.