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.
Medical residencies last from 3-7 years in total. Most medical residencies are four years long, with surgical residencies being five years long. A neurosurgery residency is the longest, at seven years. Bryce Johnson co-founded premedFAQ.com in 2011 and is the author of Must Reads for the Well-Rounded Pre-Med on Amazon. If you'd like to write for the site or contribute in another way, feel free to reach out to him on LinkedIn or via email.