Track Your Tax Refund: Tips and Tools to Get Your Money Faster!

In this episode of the Locum CPA Podcast, CPA Stephen Lee provides comprehensive guidance on tracking your tax refund using the IRS's 'Where's My Refund' tool. The video includes tips on how to receive your refund faster, the expected timing for refunds based on different filing methods, and common reasons for delays. Stephen Lee also offers advice on avoiding refund delays, understanding status updates, and important filing dates. Ideal for locum medical professionals and anyone looking to streamline their tax refund process.

🔹Online: Go to IRS.gov/refunds

🔹IRS2Go App: Download the IRS’s official mobile app

🔹Phone Hotline: Call 800-829-1954 for an automated update

00:00 Introduction to Tax Refund Tracking

00:29 Welcome to Locum CPA Podcast

00:38 How to Track Your Tax Refund

01:15 Required Information for Tracking Refund

02:26 Timing of Your Tax Refund

04:30 Common Causes of Refund Delays

07:39 Tips to Avoid Refund Delays

08:58 Important Dates for Tax Refunds

10:06 State Income Tax Refunds

10:26 Conclusion and Final Tips

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

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Top 8 Tax Deductions for Medical Professionals in 2024 | Locum CPA Podcast

Are you a locum medical professional preparing for your 2024 tax return? Join Stephen Lee, a certified public accountant specializing in helping locum medical professionals, as he reveals the top eight tax deductions you can't miss. Learn how travel and lodging expenses, licensing and certification fees, malpractice insurance, work-related supplies, home office deductions, retirement contributions, health insurance premiums, and CME costs can significantly lower your taxable income. Don't miss out on these vital tips to maximize your savings for 2024!

00:00 Introduction to 2024 Tax Deductions for Medical Professionals

00:54 Importance of Tax Deductions for Locum Professionals

01:30 Top 8 Tax Deductions: Travel and Lodging Expenses

02:27 Licensing and Certification Fees

03:28 Malpractice Insurance

03:44 Work-Related Supplies and Equipment

04:06 Home Office Deduction

05:06 Retirement Contributions

06:30 Health Insurance Premiums

06:49 CME and Conference Costs

07:26 Conclusion and Final Tips

https://thelocumcpa.com/

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Top IRS Audit Triggers to Avoid: A Guide for Locum Professionals and Business Owners

Are you concerned about an IRS audit? With increased funding and hiring at the IRS, there's no better time to ensure your tax returns are compliant. In this episode of the Locum CPA Podcast, CPA Stephen Lee from Chicago, Illinois, breaks down the biggest IRS audit red flags for business owners and high-income individuals. Learn about the likelihood of getting audited, the major triggers, and how to protect yourself. This video covers everything from reporting all income accurately to avoiding excessive deductions and ensuring proper documentation. Stay informed and file your taxes with confidence!

00:00 Introduction to IRS Audits

00:28 Welcome to the Locum CPA Podcast

00:51 Understanding IRS Audit Likelihood

02:19 Top IRS Audit Red Flags

10:17 How to Protect Yourself from an IRS Audit

13:29 Conclusion and Final Tips

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

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.