Travel & Per Diem Nursing
Travel nursing is becoming more common and it’s expected to continue to grow. If you are part of the growing pool of healthcare professionals who have chosen travel nursing, engaging a qualified tax professional can make a difference
Travel nursing can be a source of taxation conundrums, we can help
Travel nursing is an exceptional opportunity for maximizing earnings while minimizing taxes, all while enjoying your work where you are most in need. The opportunity comes with a complex set of requirements that must be followed to avoid tax underpayment and unreported income penalties. We can help, see below for an outline of solutions we can offer travel nurses who do not also want to inadvertently become tax professionals.
Tax Opportunities:
Taxable income exclusions
Living expense reimbursements
Utilization of a lower state tax rate
Tax Risks:
Improper tax home selection
Use of formerly allowable deductions
Exclusion of taxable income
Possible multi-state complexities
Possible rental income complexities
Extensive expense records required
Fox Caliber, A Professional Accountancy Corporation:
Our Services for Travel & Per-diem Nursing
Fox Caliber is dedicated to supporting the healthcare practioners who travel for work with comprehensive tax solutions
Federal & State Tax
We can prepare all the necessary tax forms for Federal and any states where you may also need to file.
Tax Planning
We can advise on how to complete a planned financial decision in a tax efficient manner. We also help with financial record keeping support; documentation is critical for professions with high travel expenses.
Tax Resolution
We can help you get organized and resolve any tax inquiries from the IRS and states regarding back taxes.
IRS Audit Support
In the case that you are audited, we will be there to represent your interests. We will also review your tax forms for any red flags that are common justifications for a full IRS audit prior to filing.
Amended Tax Filings
We can help fix mistakes in past tax returns and address the impact on all the subsequent tax returns.
Tax Consulting
What is the proper retirement vehicle for you and your family based on your current earnings, projected earnings, and retirement goals? This is one among the many inquiries we can research and support as tax consultants for travel and per-diem nurses
We look forward to providing excellent service
We are ready to connect!
Fox caliber is one text, email or call away. Let’s schedule a time to chat. We are ready to solve any taxation problems you may have and help you make the most of the tax benefits available to you.
Let us help you achieve your financial objectives, one tax year at a time
Taxation is a critical part of achieving business and personal finance objectives. It is easy to make a mistake or to not reap the greatest benefits possible. Tax policy is constantly changing, many tax rules can feel grey, and the federal government is generally late in setting taxation rules for new investment vehicles and new ways of earning money that did not exist five years ago. When you are working with Fox Caliber, you’ll have a dedicated team that will remain alert for any tax changes that impact you and we will be ready to discuss advantages to use and risks to be wary of.