Tax Advantage program for travel nurses??

suzanne4, RN · Apr 26, 2008

You need to speak to your accountant, only they will be able to give you the best ideas for your situation.

There is no such program called the Tax Advantage program that I am aware of for travel nurses, it is not any different than if you were traveling in other lines of work.

As an Independent Contractor, the IRS requires that one be a corporation or LLC in most cases. There have been many that have been taken to court over this and this is the only way to get around it in the past. You are also having to cover the entire burden of medicare payments for yourself, and workman's comp, etc. Are you actually doing this, or you could face larger bills than what you would expect.

You should also be paying taxes on a monthly basis or at least every three months; or that can get you into trouble as well down the line. Really think that you need to speak to a tax professional before you do anything else.

Diary/Dairy, RN · Apr 26, 2008

Actually, there is a tax advantage program. I know AdvantageRN has this program, but some of the others do not.

Pantravelers.org has some GREAT articles on this subject.

You should talk to a tax consultant though. They will be able to help you figure all this out.

Good luck.

suzanne4, RN · Apr 27, 2008

That may be what that company calls it, but there is no such program listed with the US government.

And always check with your tax professional, have seen way too many things come from agencies that have been totally not acceptable to the IRS and they have had large sums of money to pay.

It is only an advantage if one meets the strict requirements for the housing, etc.; and this is not limited just to nurses as a profession, but all others as well. And that is the point that I am trying to make here.

Brownms46 · May 2, 2008

Hi eveyone. I have a question hopefully someone can help me with an answer. I'm currently an Independent Healthcare Provider working for the state of Massachusetts under the government program called mass health but i live in Georgia. I've been doing this for the past 6 months and will be returning back to a hospital position this May in Atlanta. I want to know if i qualify as a travel nurse since i live out of state and work as a nurse and do i qualify for the Tax Advantage program as well as all the other benefits of a traveling nurse?. I'm just planning ahead for next year when i have to pay back taxes since i don't get any taxes deducted out of my paycheck because i'm an Independent Contractor.

You MUST have a tax home, you return to during the year where you pay rent, mortgage, taxes, utilities..etc. And YES you do need a tax person, but please by all means get someone with Travel Nurse tax issues experience!