Which 1099 for Medical Services

[Yrags]

I am aware that a 1099-MISC is used in the case of doctors or dentists providing health services in the course of business.

However, what about a medical professional reviewing medical records and rendering an opinion to an insurance company? Would this be considered a medical service (1099-MISC Box 6) or as a consultant (1099-NEC Box 1)?

 

Thanks in advance,

Gary

[Catherine]

I'd probably pick consultant, because it's the knowledge being tapped, rather than a patient being seen. YMMV, I could make a case the other way as well. However, since both are SE income, in the long run it doesn't matter.

FWIW, I have had plenty of psychologist/therapist tax clients whose 1099s from insurance companies have, in the same year, run the gamut between medical, consulting, and "other" income. We put it all on their Sch C, since that's where it all belongs. Never a question.

[Yrags]

1 hour ago, Catherine said:

I'd probably pick consultant, because it's the knowledge being tapped, rather than a patient being seen. YMMV, I could make a case the other way as well. However, since both are SE income, in the long run it doesn't matter.

FWIW, I have had plenty of psychologist/therapist tax clients whose 1099s from insurance companies have, in the same year, run the gamut between medical, consulting, and "other" income. We put it all on their Sch C, since that's where it all belongs. Never a question.

Thanks. Yeah that makes sense. Even if it's incorrect (questionable) it's just the wrong form and would not affect any tax issues.

Gary

[Catherine]

On 11/2/2024 at 3:28 PM, Yrags said:

would not affect any tax issues

In my experience, as long as the tax is correct, the IRS is too doggone busy right now to chase minor paperwork errors.