Do Locum Physicians Need to Pay Quarterly Taxes? | Locum CPA Podcast

In this episode of the Locum CPA Podcast, Stephen Lee, a certified public accountant, addresses a common question for locum physicians: Do they need to pay quarterly taxes or can they wait until the end of the year? Stephen clarifies the importance of self-employment taxes for locum professionals, the IRS requirements for quarterly estimated tax payments, the consequences of skipping these payments, and how the Safe Harbor rule can help minimize penalties. The video concludes with practical tips for ensuring timely and accurate tax payments to avoid penalties. Tune in for insights and tips on managing your tax obligations as a locum tenens professional.

00:00 Introduction to Locum CPA Podcast

00:37 Understanding Self-Employment Taxes

01:16 Quarterly Tax Payment Requirements

01:45 Consequences of Skipping Quarterly Payments

02:24 Safe Harbor Rule Explained

02:59 Practical Tips for Locum Physicians

03:29 Summary and Closing Remarks

How to Start and Operate Your Locums Practice: https://thelocumcpa.com/free-ebook/

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