Writing Off Your RV
Living in an RV as a multistate worker is one of the best ways to travel, but when it comes to per diems, expenses, and tax homes, having a home on wheels can be tricky.
Choosing Your Filing Status
Married filing jointly…married filing separately…head of household…injured spouse relief…dependents… Where does it END? We’ll break it down for you in this video.
The First Paycheck on Your New Assignment
If you’re just starting your journey as a traveling worker, or even just starting a new assignment, the info found on your first paystub is going to set the pace for the rest of that assignment. Check out this video to learn how to stop any potential problems before they start.
LLC vs S-CORP
So, you’ve just decided to go into business for yourself, and you’re wondering how to navigate the tax landscape. Let us fill you in on the pros and cons of sticking with an LLC or graduating to S-CORP status.
What Are The Chances That I Will Get Audited Because I Am A Traveler?
Understandably, being audited is a significant fear for travelers. While it is true that a traveler has a higher chance of an audit, that is no reason to stay in a staff job that is no longer fulfilling to you.
Paying Taxes as a Multistate Traveler
If you’ve ever had a travel contract outside of your home state, you know that being financially tied to multiple states can seriously complicate your tax return.
What is Wage Recharacterization?
Wage recharacterization is the practice of willfully reducing wages (taxable income) and replacing it with non-taxable compensation with the intent of avoiding payroll taxes. This can be suspected in a number of ways.
Traditional IRA’s vs Roth IRA’s – What’s the Difference?
Navigating all of the different investment and retirement savings options out there can be a little intimidating. Many people have no idea what an IRA even is, or that you have options when it comes to which one is right for you.
W2 Employees vs Independent Contractors
When it comes to deciding whether you want to remain a W2 employee or go the route of the independent contractor, there are quite a few things to consider. At what point in the year do you want to pay your taxes?
Individual Taxpayer Identification Numbers
An Individual Taxpayer Identification Number (ITIN) is a tax processing number given out by the IRS to those who must have a U.S. taxpayer identification number but cannot obtain a Social Security Number.
Let’s Talk About Duplicating Expenses
Sharing rent and utilities can be tricky enough. Anyone who’s ever had a roommate can certainly relate. However, doing it at both your home area and a travel assignment can raise some particularly complicated questions.
Safeguarding Your Healthcare License
As a traveling nurse, keeping your healthcare license intact is one of your biggest priorities, and we’ve made it one of ours. Your license is directly tied to your permanent address or residence, but there is more to it than that.
Tax Withholding Form
There are a few misconceptions out there regarding what a Tax Withholding Form is and how to properly fill it out. Should you file exempt or not?
