The better practice, when negotiating a physician employment agreement, would be to NOT automatically assume, in laying out the effect of termination, that termination without cause means the employee is without fault. Instead, the employer would be better served in taking a more hard-line approach. For example:
If you are single and under age 65, you can earn up to $9,499 in a year and not file a tax return. Should you be 65 or older, you could earn up to $10,949 and be exempt from filing a federal tax return. However, you may qualify for an Earned Income Tax Credit, which is refundable in cash to you. Also, if you've had income taxes withheld, you should file to receive a refund of your money. Married Taxpayers Filing Jointly If both married taxpayers are under 65, they can earn up to $18,999 and not need to file a return.
Married people that file separate tax returns were required to file if income was $3,700 or higher. Income minimums are slightly higher for people age 65 or older. Single filers 65 and older did not have to file a return if they made less than $10,950.he IRS reports that single dependents under age 65 were required to file tax returns for the 2011 tax season if earned income was more than $5,800 and if unearned income was more than $950.