While tax preparation can be stressful, it should feel manageable with the help of an experienced CPA. We put together five tax preparation tips for physicians with independent contractor (1099) income.

Congratulations! After years of hard work, little sleep and lots of determination, you finished residency, and your paycheck finally reflects a physician’s salary. The increase from the average residency pay of $61,2001 to a full-time physician salary is typically large.

Over the last several years, an increasing number of hospitals are contracting with physician service groups to provide coverage for their emergency departments versus employing physicians on their own

The benefits of working as an independent contractor (IC) physician are immense. In addition to receiving special tax incentives, IC physicians also have greater control over financial earnings, customized investment options and, one of the most important, more options of insurance carriers, plan types and coverage limits.

Over the last several years, an increasing number of hospitals are contracting with physician service groups to provide coverage for their emergency departments versus employing physicians on their own