How to handle family loans for tuition?
Hey everyone! I have been accepted to CDMI class of 2023. It being a private school it is on the expensive end so my grandparents are wanting to loan me all of the tuition at little to no interst rate so I can avoid federal loans. I am researching the best way for them to loan me the money to minimize taxes and fees and was wondering if anyone was in a similar situation and if so how did you handle it? (Source: Student Doctor Network)
Source: Student Doctor Network - June 5, 2019 Category: Universities & Medical Training Authors: Micpenn4 Tags: Dental Source Type: forums

Not withholding tax?
Might be a dumb question, but any of you do this? I figure not having your hospital withhold your tax gives a significant temporary boost to investable income. Even if you put it in a high saving account and get 2% interest.. can still get like 1000$ extra a year? Then just pay the taxes due during tax season. Am i missing something? (Source: Student Doctor Network)
Source: Student Doctor Network - May 24, 2019 Category: Universities & Medical Training Authors: anbuitachi Tags: Anesthesiology Source Type: forums

What do you invest in?
I am curious on to how us hard-working pharmacists invest our money outside of our retirement accounts. Do you invest in real-estate? Have a side-businesses? Are you a successful gambler? I've done some real-estate investing myself and made about 20K after taxes. So far only one project.... (Source: Student Doctor Network)
Source: Student Doctor Network - April 8, 2019 Category: Universities & Medical Training Authors: PharmaSex Tags: Pharmacy Source Type: forums

Comparing healthcare systems
Thread Starter Comparing healthcare systems Follow 2 hours ago 2h ago Hey ppl. The British and French Healthcare systems are quite similiar. Taxpayers money in both economies goes to a social security/National Insurance. Hence we sort of are insured in both countries for health ... but they're so ...
Source: The Student Room - June 23, 2018 Category: Universities & Medical Training Authors: JazzyL Tags: Medicine Source Type: forums

Should I even Bother with Medicine?
Thread Starter Should I even Bother with Medicine? Follow 6 hours ago 6h ago Quote: Originally Posted by mc_miah This is the reason why i'm debating entering into medicine, more specifically Dentistry. Cmon, face it all of dentists love the money; maybe it's not al...
Source: The Student Room - June 14, 2018 Category: Universities & Medical Training Authors: Hidan Tags: Medicine Source Type: forums

Re: Drugs should be legalised, regulated, and taxed
(Source: BMJ Comments)
Source: BMJ Comments - May 18, 2018 Category: General Medicine Source Type: forums

Which state to claim residency in?
I lived in California my whole life, but moved away for college. My whole family is still there and like most other students from California, I obviously want to go back. However, after college, I moved to Virginia for work during my gap year. I still have my CA license and am registered to vote there, but I pay rent and taxes in VA... I think the smart thing for me to do is do apply as a VA resident to MD schools because my stats are not amazing enough to give me a good shot at CA schools,... Which state to claim residency in? (Source: Student Doctor Network)
Source: Student Doctor Network - May 17, 2018 Category: Universities & Medical Training Authors: Hopeful_student Source Type: forums

Re: Drugs should be legalised, regulated, and taxed
(Source: BMJ Comments)
Source: BMJ Comments - May 16, 2018 Category: General Medicine Source Type: forums

neurosurgeons
Thread Starter neurosurgeons Follow 1 hour ago 1 hour ago Quote: Originally Posted by Dreamer20 i see. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1169547/ apparently it can go upto £190,000 a year. i imagine the ones paying very high MMI will be more senio...
Source: The Student Room - May 15, 2018 Category: Universities & Medical Training Authors: Stanspam Tags: Medicine Source Type: forums

Re: Drugs should not be legalised, regulated, and taxed
(Source: BMJ Comments)
Source: BMJ Comments - May 15, 2018 Category: General Medicine Source Type: forums

Re: Drugs should be legalised, regulated, and taxed
(Source: BMJ Comments)
Source: BMJ Comments - May 14, 2018 Category: General Medicine Source Type: forums

Re: Drugs should be legalised, regulated, and taxed- BAD IDEA
(Source: BMJ Comments)
Source: BMJ Comments - May 14, 2018 Category: General Medicine Source Type: forums

Re: Drugs should be legalised, regulated, and taxed
(Source: BMJ Comments)
Source: BMJ Comments - May 13, 2018 Category: General Medicine Source Type: forums

Re: Drugs should be legalised, regulated, and taxed. How can they be when lower standards than for pharmaceuticals are inevitable?
(Source: BMJ Comments)
Source: BMJ Comments - May 10, 2018 Category: General Medicine Source Type: forums

Re: Fight childhood obesity with multiple methods, not just more taxes, MPs hear
(Source: BMJ Comments)
Source: BMJ Comments - May 7, 2018 Category: General Medicine Source Type: forums

Why dont more Ophthos move to canada?
Per this source (that peruses the government's reimbursement to every physician in the country) Ophtho makes an average of 1.2 million/year in Alberta, Canada accepts ACGME training, and their taxes are only 15% for incorporated physicians! It's not even counting the 20 $4k lasik cases that most of them do on the side 1-2 days a month. http://www.canadianhealthcarenetwork.ca/files/2018/03/20-years-compensation-chart.pdf (Source: Student Doctor Network)
Source: Student Doctor Network - April 23, 2018 Category: Universities & Medical Training Authors: Mona nucleosis Source Type: forums

Re: Taxes on alcohol, tobacco, and soft drinks are fair and produce health gains, review finds
(Source: BMJ Comments)
Source: BMJ Comments - April 13, 2018 Category: General Medicine Source Type: forums

Taxes on alcohol, tobacco, and soft drinks: discrepant effects on health and wealth.
(Source: BMJ Comments)
Source: BMJ Comments - April 13, 2018 Category: General Medicine Source Type: forums

Orthodontics residency tuition
Hello, I am a Dentist going into Orthodontics, I will be starting residency July 2018. The residency is a tuition based residency, is the tuition tax deductible only the year that I am a resident? Or can I take loans out for the residency program and after graduation, write off the loan payments. I have 2 options: Option 1: Work while I am in residency, moonlighting and use the money from my job towards the tuition and write it off on my taxes that year. Option :2 Not work while I am in... Orthodontics residency tuition (Source: Student Doctor Network)
Source: Student Doctor Network - February 28, 2018 Category: Universities & Medical Training Authors: Molarbear101 Source Type: forums

SELLING ALL MCAT BOOKS: The Berkeley Review, TPR, Examkrackers, Kaplan, NS + Free Advice [Like-New]
MCATKINGS SDN MCAT SALE! All books and materials are like-new (no writing/highlighting) **If you are seeing this post, the books are still for sale.** ​Hey SDN! Inventory & Pricing *Updated Daily *Box Sets are bolded for your convenience *All Prices include shipping and taxes. *Slight discounts available for multiple set purchases. *Like New Definition: No writing, highlights, creases,... SELLING ALL MCAT BOOKS: The Berkeley Review, TPR, Examkrackers, Kaplan, NS + Free Advice [Like-New] (Source: Student Doctor Network)
Source: Student Doctor Network - February 24, 2018 Category: Universities & Medical Training Authors: MCATKINGS Source Type: forums

Indenpedent contractor Vs employee status
hey all. I know this question has been asked multiple times. I've read what I could but some things don't apply to me. I've already signed a contract in ny as a hospital employee. Benefits aren't fantastic (no maternity leave or other shiny things I've heard usacs offers). I'm newly married and plan for no kids for at least two years. Location is far from the city so I don't have to worry about those crazy manhattan taxes. My concern is that I'm thinking of asking to change my contract to... Indenpedent contractor Vs employee status (Source: Student Doctor Network)
Source: Student Doctor Network - February 16, 2018 Category: Universities & Medical Training Authors: GTP Source Type: forums

Financial Decisions
Wanted to get some opinions on a few financial decisions toward the end of residency: 1. Any good strategies for asset / liability protection? (other than being nice to patients, not screwing up). It seems LLC/S corp does not provide any shelter. Any other strategies you guys are using? 2. For dual income- spouse making less now and will be making significantly less in attending life. Both of us with significant student loan debt (approx 100k each). File taxes separately or together?... Financial Decisions (Source: Student Doctor Network)
Source: Student Doctor Network - February 4, 2018 Category: Universities & Medical Training Authors: joeDO2 Source Type: forums

More fafsa questions
1. If my brother files his taxes as independent, can he still be part of my parents "household"? 2. If I use the IRS retrieval tool, it uses the data from 2016. However throughout 2017 my dad did not work because he lost his job so this data isn's that accurate. Will this info be updated once we file our 2017 taxes? 3. Does it matter whether or not I file my own taxes as independent? Will be more beneficial if I file as independent or not? I live with my parents but still help pay for bills... More fafsa questions (Source: Student Doctor Network)
Source: Student Doctor Network - January 16, 2018 Category: Universities & Medical Training Authors: artist27 Source Type: forums

1099 + W2 question
Hi all, quick question... I usually do my taxes via turbo tax cause it's cheap and easy, this year I have 1099 income from contract work, about ~ 20% of our total income between wife and I. My question, is turbo tax premier or business (whatever it is), easy to use? I don't want to spend big bucks on an accountant as that kinda defeats the purpose of my having set up the S-corp in the first place, and they all seem to charge a lot for things I find really stupid easy. I'm fairly... 1099 + W2 question (Source: Student Doctor Network)
Source: Student Doctor Network - January 12, 2018 Category: Universities & Medical Training Authors: tyrionlannister00 Source Type: forums

Prescription heroin
Was listening to NPR on the way home today, interview of a journalist for vox who claims prescribing heroin TID on taxpayer dollars to curb the opioid epidemic has worked well on a small scale in one Vancouver clinic and advocated attempting this in the US. Sounded ridiculous hearing this but the online articles are there. Also had made multiple unsubstantiated statements such as placing patients on methadone or suboxone reduced the risk of death by more than 50% compared to other opiates.... Prescription heroin (Source: Student Doctor Network)
Source: Student Doctor Network - January 9, 2018 Category: Universities & Medical Training Authors: TheLoneWolf Source Type: forums

why are lots of doctors moving to Australia as oppose to the USA?
Thread Starter why are lots of doctors moving to Australia as oppose to the USA? Follow 7 hours ago 7h ago Quote: Originally Posted by justme13 You most likely know nothing about the US healthcare system except what CNN has told you, or BBC perhaps. Medicaid is ...
Source: The Student Room - January 4, 2018 Category: Universities & Medical Training Authors: That Bearded Man Tags: Medicine Source Type: forums

Spinoff: Do you have an accountant?
Reading the property tax prepayment thread...how many of you have an accountant? Do your own taxes? If so, when did you decide the complexity of your finances required a CPA? Also related, if you do your own taxes, do you buy audit insurance via TurboTax or whatever software you use? First year out, and I’ve always done my own taxes, but the thought of an audit is simply horrifying, even for my simple taxes. (Source: Student Doctor Network)
Source: Student Doctor Network - December 27, 2017 Category: Universities & Medical Training Authors: Shimmy8 Source Type: forums

Senate Tax plan - local property tax cap, pay early?
Hey all.... I've read several different things in different sources, however I'm reading in some places that the senate plan allows 10K deduction for either local property taxes or state taxes (if I'm interpreting below correctly). Assuming I would still plan on itemizing in 2018 despite 24K standard deduction and this becomes law, and I pay over 10K a year in property taxes, and I pay over 10K a year in state taxes.....pay my local property taxes for 2018 early (as in now in 2017) in order... Senate Tax plan - local property tax cap, pay early? (Source: Student Doctor Network)
Source: Student Doctor Network - December 16, 2017 Category: Universities & Medical Training Authors: anes121508 Source Type: forums

Marriage effect on taxes while in school
I didn't see any prior posts about this specific section of the subject but if there are any I'd be happy to read! I have been with my boyfriend for 4 years and am heading to vet school in Fall 2018. We've been talking about getting married (we're basically engaged just not publicly) but I have no idea what the implications of that are on vet school and taxes in general. I'm fortunate enough that my parents will be providing the majority of my vet school tuition, although I would like to... Marriage effect on taxes while in school (Source: Student Doctor Network)
Source: Student Doctor Network - December 11, 2017 Category: Universities & Medical Training Authors: clinicalscience808 Source Type: forums

Pass through taxation ( s corp) in Senate bill.
Does any one know the details of pass through taxation in the senate bill ? How does it apply to S corp for physicians? (Source: Student Doctor Network)
Source: Student Doctor Network - December 4, 2017 Category: Universities & Medical Training Authors: GIDOC85 Source Type: forums

Pharmacist vs. Doctor
Compare the financial situation of a Pharmacist against a doctor with the following circumstances: the Pharmacist starts making $120k (after taxes) at age 24 and the doctor starts making $300k-$500k (before taxes and malpractice) at age 32-34. Compare them when they are both 45. Assume that they both bought a $800k house and two $20k cars. Who comes up on top, leaving aside other complexities? I think the pharmacist does. *Prays that this doesn't turn into a flame war* (Source: Student Doctor Network)
Source: Student Doctor Network - November 29, 2017 Category: Universities & Medical Training Authors: worriedperiod Source Type: forums

selling stock and affects on AGI
So I have a first world problem and want to see if any of the smart financial experts can help me. I have about 100k in a single company stock and I prefer to have the money in mutual funds. Cost basis is around 50k - so essentially for every 2 dollars I sell, I know I will owe capital gains taxes on $1 (15%). That I don't have a problem with, I know I will pay it eventually. My situation is that currently I max out Roth IRA's for my wife and I to the tune of 11k a year. Our adjusted... selling stock and affects on AGI (Source: Student Doctor Network)
Source: Student Doctor Network - November 13, 2017 Category: Universities & Medical Training Authors: Dred Pirate Source Type: forums

Am I still considered in-state for California?
I am from California, and I have lived there my whole life. My parents continue to live there. From 2016-2017, I lived in New York and worked as a teacher while also attending graduate school for a masters in education. Since I paid taxes in New York in 2017, will I be considered out of state for California schools? If I am considered out of state, it puts me in a terrible position because all my safety schools are in-state and none have them gotten back to me yet for interviews. Any... Am I still considered in-state for California? (Source: Student Doctor Network)
Source: Student Doctor Network - November 10, 2017 Category: Universities & Medical Training Authors: futuredocsquared17 Source Type: forums

Houses
Can a physician with 200k in income (140-120k after taxes) afford a 2 million house and a mercedes? (Source: Student Doctor Network)
Source: Student Doctor Network - November 7, 2017 Category: Universities & Medical Training Authors: cheetodug Source Type: forums

Ready to pay more taxes!??
The big losers: - live in a state with income tax (CA) - new homeowners with a big mortgage (CA) - homeowners with a huge property tax (CA) - family with a lot of kids - single mom/dad with kids The majority of pharmacists will see their taxes go up. Here are the winners and losers in the GOP tax plan Tired of winning yet? (Source: Student Doctor Network)
Source: Student Doctor Network - November 3, 2017 Category: Universities & Medical Training Authors: BMBiology Source Type: forums

Why are there so many foreign doctors in the NHS?
Thread Starter Why are there so many foreign doctors in the NHS? Follow 4 hours ago 4h ago Quote: Originally Posted by Fordgeek I'll happily pay more taxes if it's invested in our youth. More and more people are entering the medicine carrer via the grad...
Source: The Student Room - October 26, 2017 Category: Universities & Medical Training Authors: Volibear Tags: Medicine Source Type: forums

Feeling cheated
New RIte Aid offer, new grad, $3300 before taxes, based on a 77 hour work period every 2 weeks Feeling cheated... don't know what to do Work will be in Rhode Island. Advise?? (Source: Student Doctor Network)
Source: Student Doctor Network - October 14, 2017 Category: Universities & Medical Training Authors: Kk2017 Source Type: forums

Diminished returns with attending salary?
It's no secret that the more highly reimbursed specialties are generally more competitive. However, even with loans and taxes factored in, a 200 k salary for primary care will provide you with a nice lifestyle. Would you be notably happier making 400 k compared to 200 k? What would you purchase with a 400k salary that a 200 k check wouldn't afford you? (Source: Student Doctor Network)
Source: Student Doctor Network - October 8, 2017 Category: Universities & Medical Training Authors: Poit Source Type: forums

How do all these DOs in primary care make a living?
I'm talking about the DOs with student loans above 300k (most of them) and primary care salaries well under $170k (most of them). At my school, my total student loans will be $400,000, which by the end of residency, has compounded to $650,000. This means that, with a $150k salary (realistically), ill owe $60k/year in taxes and 65k in student loans, leaving $25k, which doesn't take into account malpractice insurance (which often exceeds $25k). These numbers aren't adding up. It seems to me... How do all these DOs in primary care make a living? (Source: Student Doctor Network)
Source: Student Doctor Network - September 2, 2017 Category: Universities & Medical Training Authors: Peach Newport Source Type: forums

Solo VS Group Practice
I've worked group PP before and I have some opportunities to do that again. This is a side gig for me though, and when you're not seeing that many people, it really eats into your income to give up 40-60% of your income. My question is about the administrative side of things. What would I have to think about if I go solo? Obviously rent, etc, scheduling, billing....I'm mostly curious about billing and paying taxes since the office staff did that for me at the group practices. I imagine I'd... Solo VS Group Practice (Source: Student Doctor Network)
Source: Student Doctor Network - August 26, 2017 Category: Universities & Medical Training Authors: jmiah717 Source Type: forums

Opportunities in USA for Canadian AP-only pathologist
I am aware through the postings on this forum and through speaking with some of my American counterparts that the job situation in the USA is far less than ideal, but since our government in Canada is about to increase taxes to stratospheric levels I thought I'd ask anyway... What are the opportunities for an AP-only pathologist in the USA? In Canada most pathologists train in AP-only. From my readings it seems that not having CP is a huge problem for private groups. Can certain fellowships... Opportunities in USA for Canadian AP-only pathologist (Source: Student Doctor Network)
Source: Student Doctor Network - August 4, 2017 Category: Universities & Medical Training Authors: HeyDalaron Source Type: forums

Mortgage consideration for new attending
For a fresh attending moving to San Diego (~300k in total student debt, no other debt with 3 kids)... does purchasing a home off the gate ( physician loan... etc) make sense? Looking at making around 300k gross for 7 on 7 off and working an extra shifts. Trying to pay the least amount of taxes, max out retirement 401k and such. Read around a bit but still new to all this. Thanks in advance (Source: Student Doctor Network)
Source: Student Doctor Network - August 1, 2017 Category: Universities & Medical Training Authors: DOC209 Source Type: forums

are these taxes normal?
Last check had about 33% taxes on it!? Is this normal? I have negligible deductions (~20 for healthcare, no other insurances or 401k or anything). (Source: Student Doctor Network)
Source: Student Doctor Network - July 6, 2017 Category: Universities & Medical Training Authors: Charcoales Source Type: forums

Married Interns - IDR and taxes
My wife and I just got married and will begin intern year in a couple of days. We are completing our W4s for the year and want to confirm what we think we know about this process and IDR that we've qualified for. Because we had $0 income for the last year, we decided to apply for REPAYE before we were legally married and were accepted allowing us to have a $0/mo for the next 12 months. This allows us to have 1/2 of our interest covered for at least the next 12 months. However, since we... Married Interns - IDR and taxes (Source: Student Doctor Network)
Source: Student Doctor Network - June 27, 2017 Category: Universities & Medical Training Authors: OnlyOneZlatan Source Type: forums

European Student, Summer Internship London UK - Papers to Work? Taxes?
Forum: Career sectors and graduate employment Posted By: TheBadai Post Time: 05-06-2017 at 21:56 (Source: The Student Room)
Source: The Student Room - June 6, 2017 Category: Universities & Medical Training Source Type: forums

Taxation by government.
Forum: GCSEs Posted By: Armaan Jamal Post Time: 02-06-2017 at 21:35 (Source: The Student Room)
Source: The Student Room - June 3, 2017 Category: Universities & Medical Training Source Type: forums