Taxes, Taxes, Taxes! Why the Locum Tenens Physician Comes out on Top!
/Well, its Tax Time again. For most physicians, this is a complicated and often confusing subject. Employed? Then perhaps your W2 income is taxed and you don’t worry as much. Private practice? The sky is the limit for how complicated your tax structure may be. Locum Tenens? Well, locums work has its pros and cons, and taxes can be put in both these categories. There are huge tax benefits to for an independent contractor and there are also some huge pitfalls. Let’s slow it down a step and go through the issues a locum tenens doctor will face with taxes starting with the basics.
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