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.
For 2016 returns, if you made more than $3,400 in investment income, you cannot file for the earned income credit. For 2017, the limit is $3,450. Married couples who file separate returns are not eligible for the earned income credit. If you are married but your spouse did not live in your home for the last six months of the year, you may be able to file as head of household and take the credit. And if you have no children, you must meet four additional tests before you can claim it. Tests for childless EITC claimants You must be at least 25 years old but younger than 65 at the end of the tax year for which you are making the claim.