12/8/2023 0 Comments Tax travelHonestly, when we started traveling a few years ago, we had no idea what we were doing.Ĭan I really collect all that living stipend without being taxed? I just happen to have had really good experiences with TravelTax. I just want to provide travelers, especially new travelers, with good information on the benefits of using a tax professional. I think this helps when you have questions and he has first hand experience of where you are coming from and how to answer.īy now I want to say, I’m not trying to sell you on using TravelTax. You have a tax professional, who is not only well versed in taxes as a traveler, but he was a traveler himself. They guarantee they will back you in an audit if your taxes were filed with them. I don’t have experience with other professionals outside of TravelTax, but here are a few more reasons why we feel good about utilizing their services. The benefits of paying for a tax professional If you know how many states you have worked in, and how you will be filing, you can get near an exact estimate for what it will cost. What made this transition to paying for an online tax service even easier was that they list out all of their fees on their website. We want to make this travel journey our lifestyle for the foreseeable future, and therefore want to ensure the lowest chance of incorrectly filing. I think what drew us to use their services was the confusion around our tax home and wanting someone to assure us that we were on the right track. However, after looking through their services, reading their blog, and utilizing their resources for tracking important tax figures, we decided to give them a try.īest decision we could have made. I was skeptical at first because it is an online business and you upload all your forms to be completed and then sent back to you for signature. We have met travelers who are much less concerned about being audited and may or may not have a “secure” tax home, but I would be lying if I said I wasn’t worried about the IRS hitting me with an audit and claiming I owe them money plus interest. I also have a concern about ensuring taxes are done right and that my tax home is secure to guarantee I can keep getting my tax free living stipend. Between staying on top of my game in physical therapy, wanting to spend as much time as I can exploring travel locations, and limiting my stress, a few hundred dollars is a small price to pay. You may feel different about this, but taxes aren’t my speciality. ![]() For us, it seemed much simpler to pay someone else who knows what they’re doing. ![]() now back to the article…Īs soon as we began working in 3-4 states a year and had to maintain a tax home to benefit from the living stipends, that’s when we drew the line. This included using the “Shared Expenses” method for our tax home (which will be updated in our “What is a Tax Home” post).įor anyone considering paying for this service, we think it is well worth it, and will continue to use them for our taxes. Having been doing this for so long, we knew many of the answers, but there were some new things we learned as well. Despite traveling for 5 1/2 years, we did have our own consult about a year ago to answer some lingering questions we had, as well as confirm our tax home is in order. Last I checked it was $55, but you can click here to read their information and fees. Travel Tax has also had so many questions on “what is a tax home” that they now have a fee for service consultation on answering just that question. The piece of mind we have knowing we also have someone who will back us in case of an audit has allowed us to continue traveling stress free. The amount of money we continue to make as traveling physical therapists is worth spending what we consider to be a small amount for a professional service. We are now going into our 4th year using Travel Tax to prepare our yearly taxes and WE COULDN’T BE HAPPIER. If you haven’t read this article yet, please do as I still think it has some valuable information as to why we DO NOT file our own taxes.
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