BCT
BUSINESS CASUAL
TAX
Rough numbers are fine. I’m looking at how the pieces fit together, not asking you to recreate a tax return.
Which income sources do you expect this year?
Select all that apply.
Primary W-2 physician position
Locums or additional clinical shifts paid on a 1099
Telemedicine paid on a 1099
Medical-director income
Expert-witness or legal-review work
Consulting or advisory work
Teaching or speaking income
Chart review or utilization-review work
Research or clinical-trial income
Other 1099 physician income
I am still exploring side income and have not started yet
Are you using an entity for the 1099 income?
No—currently paid personally
Single-member LLC or PLLC taxed as a sole proprietorship; no S-corporation election
LLC or PLLC taxed as an S corporation
Professional Corporation or Professional Association taxed as an S corporation
Group, partnership or multi-owner entity
Another structure
Not sure
Will you file a joint return with a spouse?
Yes
No
What state do you live in?
Do you expect to physically work from any other states this year?
How are the 1099 income and expenses being tracked today?
Separate business bank account and bookkeeping system
Separate bank account, but no formal bookkeeping
Spreadsheet or expense-tracking app
Mixed with personal activity
My CPA or bookkeeper handles it
I have not started yet
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