Generally, you must include in gross income everything you receive in payment for personal services. In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options.
Internship comprises six months of medicine and six months of surgery. A minimum of two months and a maximum of three months may be spent in a sub-speciality, including emergency medicine, general practice, obstetrics & gynaecology, paediatrics, psychiatry, anaesthesia and radiology.
Internship, Residency and Fellowship. As I discussed above, Residency is a 3+ year training program in a medical specialty. The first year of training after medical school is called internship, or more commonly it is called first year of residency or PGY-1 (PostGraduate Year-1).The following years are called PGY-2, PGY-3, etc.The training that is done after a residency (in a subspecialty) is usually called a fellowship.Much of what you will learn in your chosen specialty will be learned in your residency. It's hard to believe that, after 12 years of school, 4 years of college and 4 years of medical school, there is still so much to learn.s I discussed above, Residency is a 3+ year training program in a medical specialty. The first year of training after medical school is called internship, or more commonly it is called first year of residency or PGY-1 (PostGraduate Year-1).