Comprehensive Tax Guide for Locum Tenens Providers
Locum tenens providers, classified as independent contractors, must manage their own taxes and make estimated quarterly tax payments while tracking income and allowable deductions.
Choosing the right business entity, like an LLC, is important for tax implications, legal protection, and maintaining separate personal and business finances.
Deductions for business expenses can significantly lower taxable income, making diligent record-keeping essential for optimizing tax situations.