Healthcare Traveler - February 2009 - (Page 31) with minimal breaks—make plans to work at home, whether PRN or local travel. Definition of temporary. A “temporary” assignment can’t last for more than 12 months, including short breaks. Staying in an area too long establishes a new primary place of income, which is the basic premise of a tax home in the first place. For instance, if you have worked in the Phoenix area for 10 months, and then sign an additional 3-month contract in the same area, your intention is to stay for 13 months. The moment you commit to staying in Phoenix beyond 12 months, your tax home shifts and all allowances and housing are taxable from that point forward. Renting your residence. If you decide to rent your entire residence indefinitely (more than 12 months) and in its entirety, you will change the use of your home to that of an investment property. In other words, it is not your primary residence any longer, and you can’t claim it as a tax home. the foundation for discussions as you consider life on the road. Because your tax home controls the taxability of any allowance or reimbursement while on assignment, you should research the concept carefully and consult with a tax advisor before and during your travels. HT Research the concept of “tax home” carefully and consult with a tax advisor before and during your travels. References for this article can be found online at www.HealthcareTraveler.com. Any tax advice contained is not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. Joseph Smith, RRT, EA, is an enrolled agent and owner of TravelTax LLC (TravelTax.com), based in Norfolk, Nebraska. Sage advice While it is impossible to cover every aspect of a tax home in one article, these points should lay Circle Career Card No. 619 www.healthcaretraveler.com February 2009 Healthcare Traveler 31 http://www.HealthcareTraveler.com http://www.TravelTax.com http://nursefinderstravel.com http://nursefinderstravel.com http://www.healthcaretraveler.com
Table of Contents Feed for the Digital Edition of Healthcare Traveler - February 2009 Healthcare Traveler - February 2009 Editor’s Desk Contents In a Flash Paws for Thought Field Notes Med Ec-cerpts The Economic Meltdown What Really is a “Tax Home”? Beach Therapy Drug Update Professional Update Advice of Counsel Cityscape Advertisers’ Index Name It Contest Rules On Assignment Tax Facts Dot.com Big Deals Allied Corner Going the Distance Classifieds Tales from the Road Healthcare Traveler - February 2009 Healthcare Traveler - February 2009 - (Page BB1) Healthcare Traveler - February 2009 - (Page BB2) Healthcare Traveler - February 2009 - Healthcare Traveler - February 2009 (Page Cover1) Healthcare Traveler - February 2009 - Healthcare Traveler - February 2009 (Page Cover2) Healthcare Traveler - February 2009 - Editor’s Desk (Page 1) Healthcare Traveler - February 2009 - Contents (Page 2) Healthcare Traveler - February 2009 - Contents (Page 3) Healthcare Traveler - February 2009 - Contents (Page 4) Healthcare Traveler - February 2009 - Contents (Page 5) Healthcare Traveler - February 2009 - In a Flash (Page 6) Healthcare Traveler - February 2009 - In a Flash (Page 7) Healthcare Traveler - February 2009 - Paws for Thought (Page 8) Healthcare Traveler - February 2009 - Paws for Thought (Page 9) Healthcare Traveler - February 2009 - Paws for Thought (Page 10) Healthcare Traveler - February 2009 - Paws for Thought (Page 11) Healthcare Traveler - February 2009 - Field Notes (Page 12) Healthcare Traveler - February 2009 - Field Notes (Page 13) Healthcare Traveler - February 2009 - Field Notes (Page 14) Healthcare Traveler - February 2009 - Field Notes (Page 15) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16a) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16b) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16c) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16d) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16e) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16f) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16g) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 16h) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 17) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 18) Healthcare Traveler - February 2009 - Med Ec-cerpts (Page 19) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 20) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 21) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 22) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 23) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 24) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 25) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 26) Healthcare Traveler - February 2009 - The Economic Meltdown (Page 27) Healthcare Traveler - February 2009 - What Really is a “Tax Home”? (Page 28) Healthcare Traveler - February 2009 - What Really is a “Tax Home”? (Page 29) Healthcare Traveler - February 2009 - What Really is a “Tax Home”? (Page 30) Healthcare Traveler - February 2009 - What Really is a “Tax Home”? (Page 31) Healthcare Traveler - February 2009 - Beach Therapy (Page 32) Healthcare Traveler - February 2009 - Beach Therapy (Page 33) Healthcare Traveler - February 2009 - Beach Therapy (Page 34) Healthcare Traveler - February 2009 - Beach Therapy (Page 35) Healthcare Traveler - February 2009 - Beach Therapy (Page 36) Healthcare Traveler - February 2009 - Beach Therapy (Page 37) Healthcare Traveler - February 2009 - Drug Update (Page 38) Healthcare Traveler - February 2009 - Drug Update (Page 39) Healthcare Traveler - February 2009 - Professional Update (Page 40) Healthcare Traveler - February 2009 - Professional Update (Page 41) Healthcare Traveler - February 2009 - Professional Update (Page 42) Healthcare Traveler - February 2009 - Advice of Counsel (Page 43) Healthcare Traveler - February 2009 - Cityscape (Page 44) Healthcare Traveler - February 2009 - Cityscape (Page 45) Healthcare Traveler - February 2009 - Cityscape (Page 46) Healthcare Traveler - February 2009 - Cityscape (Page 47) Healthcare Traveler - February 2009 - Cityscape (Page 48) Healthcare Traveler - February 2009 - Advertisers’ Index (Page 49) Healthcare Traveler - February 2009 - Advertisers’ Index (Page 50) Healthcare Traveler - February 2009 - Advertisers’ Index (Page 51) Healthcare Traveler - February 2009 - Name It (Page 52) Healthcare Traveler - February 2009 - Contest Rules (Page 53) Healthcare Traveler - February 2009 - On Assignment (Page 54) Healthcare Traveler - February 2009 - On Assignment (Page 55) Healthcare Traveler - February 2009 - Tax Facts (Page 56) Healthcare Traveler - February 2009 - Dot.com (Page 57) Healthcare Traveler - February 2009 - Big Deals (Page 58) Healthcare Traveler - February 2009 - Big Deals (Page 59) Healthcare Traveler - February 2009 - Allied Corner (Page 60) Healthcare Traveler - February 2009 - Allied Corner (Page 61) Healthcare Traveler - February 2009 - Going the Distance (Page 62) Healthcare Traveler - February 2009 - Classifieds (Page 63) Healthcare Traveler - February 2009 - Tales from the Road (Page 64) Healthcare Traveler - February 2009 - Tales from the Road (Page Cover3) Healthcare Traveler - February 2009 - Tales from the Road (Page Cover4)
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