Owen Hill has been preparing income tax returns for traveling health care professionals since 2002. Over the years he has completed hundreds of these income tax returns and continues to keep up with the latest changes affecting travelers in order to keep their tax liability as low as the law allows.
Determining whether a traveling nurse, physical therapist or other health care professional is eligible to deduct per diem and other travel costs depends on several factors. Length of stay and intention to return home are very important. Travelers usually have multi-state issues.
Very often now travel nurses and other traveling health care professionals are offered a "tax advantaged" method of payment. They may seem better for the traveler than they really are. If you are not sure which method would be best for you, feel free to contact Owen for an analysis of the program offered.
Please download/print the Health Care Traveler Professional Data Form under the Income Tax Services section of the web page. Also download/print the Client Checklist from the same area. These forms cover almost everything pertaining to information necessary for preparing your income tax return. You can contact us by phone or e-mail with questions or concerns. We will be in touch with you for any other information that is necessary.
Most travel nurses we have worked with are in their twenties and have a long time frame to save for retirement. The problem is that by waiting there is less time for retirement savings to grow. Each ten years of waiting can diminish the original amount for retirement by 50% at about 7% per year. We offer comprehensive financial planning for a reasonable hourly fee. With North Lake Tahoe Financial Services, LLC there are never any "product sales" resulting in commissions on mutual funds, annuities, insurance, etc.. Therefore there are no conflicts of interest. Your welfare always comes first. Call or e-mail us with any questions or concerns that you may have.
The new tax law, taking effect for 2018, eliminates many deductions for employees. This will affect the tax returns for many travelers.
North Lake Tahoe Financial Services, LLC Provides Comprehensive and Confidential Financial Planning to Clients in all 50 States.