hotdemos

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What is your income bracket? You mean to tell me you own your own travel agency and you make less than a 100K a year??? What???? You make less than a 100k a year as a full-time travel nurse??? Having a high income-Though fewer than one-percent of taxpayers are audited each year, those making over $100,000 are five times more likely to be audited by the IRS.

And I should take tax advice from a undergraduate nursing student?? When you graduate please take NedRNs advice and earn low wages for your family. I demand to get paid fairly when I am on assignment. Send NedRN your resume when you graduate I am sure he would love to use you up and pay you pennies. As nurses we are patient advocates. How are you going to stand up to a MD concerning your patients when you are afraid to stand up to agency man (NedRN) trying to scam you??

Wrong again. Do you know anything about business or taxes??? You are talking about grasping basic business concepts when you do not know the benefits of a C-corp vs. a S-corp...Please educate yourself before giving out awful tax advice. Differences Between C Corporations and S Corporations

You are talking about grasping basic business concepts when you are using a C-corp for a one man operation???..LOL...We are talking about grasping basic business concepts from a guy who stated "My payroll is a business expense so zero money left at the end of the year in the corporation. Zero balance, zero corporate taxes owed." You sound like a guy who goes out of his way to cheat on his taxes. Who owns an agency with no employees???

I fly home during my assignments. When I fly home during an assignment it is not covered by the agency. Only the return flights to the assignment are tax deductible.

Yes every agency has a tax-advantage plan. The difference is the scammers try to use tax-free benefits as part of your pay package so they can pay you a very low hourly wage. When you allow the agency to pay you a low hourly wage the ANGENCY saves money because they pay less in Social Security and Medicare Taxes on the employee behalf. The tax-advantage plan only benefits the agency.

It so funny that a business pro who stated "My payroll is a business expense so zero money left at the end of the year in the corporation. Zero balance, zero corporate taxes owed." has not figured his way around that issue. It makes me think that you are really not in business for yourself.

That is garbage because companies that promote the tax-advantage plan always pay far less than companies who do not promote the plan. Whether you itemize or not you will make more money with a company like aces when compared to the scam agencies that you are promoting. When an agency use the tax-advantage plan as their main selling point, do not walk away, run.

If you really owned a C-corp you could.

This is so TRUE!!!

Yes it is unusual for a NURSE to itemize but it is not unusual for a TRAVEL NURSE to itemize, especially if all you do is TRAVEL NURSING. NedRN is an agency man and is pro agency at any cost. Anyone who suggests that you work for $12/hour to avoid taxes is out of their mind. Do not let the scam agencies scam you.

That is a LIE! Call any tax attorney or the IRS and they will tell you that Suspiciously low income — If you’re making much less than others in the same profession, raises a red flag.

You can deduct any amount not covered by the nursing agency. I often fly back home every few weeks so all of my RETURN flights to the assignments, which I pay for, are covered. I deduct all my meals. Depending on the assignment I will opt for a higher rate of pay and take care of all the travel and lodging myself especially on rapid response assignments or assignments where I can stay with friends. The bottom line is if you deal with a company that does not include travel and lodging as part of your net pay you will earn more and net more.

That is 100% a lie. When ACES pay for your housing it is not considered part of the tax advantage plan. Most agencies are promoting the tax-advantage plan as a part of your take home pay. When aces pay for your housing they pay the company or hotel directly. You still get paid $40/hour or greater and you do not have to use any of the money you made to pay for housing. The tax advantage plan gives you money for housing and meals and you will use part of that money to pay for housing and pocket the rest.