You should be OK - Saab General Bulletin Board - Saabnet.com
The banner above is an advertisment - if it asks you to download software, please ignore.
Site News -
[General |
Members |
C900 |
9000 |
NG900 & OG93 |
93 |
95 |
NG95 |
99 |
Sonett |
Vintage Models |
Clubs |
Other Cars |
FAQs |
Gifts |
Member Photo Galleries |
Member Directory |
Classifieds |
Manuals |
*Buddy Registry |
*Mileage Registry |
Polls |
What's New |
Raffle |
Photo of the Month |
Sponsors]
[Main General Bulletin Board | BBFAQ |
Prev by Date | Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
You should be OK
Posted by Rod M [Email] (more from Rod M) on Thu, 15 Apr 2004 08:38:37
In Reply to: WOT: NY income tax question, MO, Wed, 14 Apr 2004 23:25:14
Members do not see ads below this line. - Help Keep This Site Online - Signup
I'm a CPA and see this all the time. In general, states tax their residents on all income earned anywhere. In addition, states will tax non-residents on the income they earn in that state. But the state of residency will give a credit for the tax paid to the non-resident state.
So in your girfriend's case, she will be taxed by MA on all her income from 1/1 to 3/31. She will be taxed by NY on all her income from 4/1 to 12/31. She will also be taxed by MA on the income she earned in MA from 4/1 to 12/31. NY, however, will give a credit for the tax she paid to MA during the last 9 months of the year (it may not be a full credit since there are restrictions, but it should avoid most of the double taxation).
NY state Form IT-201-ATT, line 42 is where the credit is claimed - see this form and its instructions. Or you could get a competent tax accountant to prepare the returns - it's really easy with the right software so it shouldn't cost much.
Happy April 15th
Rod
posted by 63.240.1...
New York State Income Tax Instructions
Posts in this Thread:
- WOT: NY income tax question, MO, Wed, 14 Apr 2004 23:25:14
- Re: tax credit, not itemized deduction, JohnK, Thu, 15 Apr 2004 10:26:12
- You should be OK, Rod M, Thu, 15 Apr 2004 08:38:37 <-- Viewing This Message
- You are assuming Income Taxes were designed..., Roger, Thu, 15 Apr 2004 06:08:51
- NY should have the same provision, it's a bit late..., TKC, Thu, 15 Apr 2004 05:55:52
- I think that you're missing something in the NY code, RS
, Thu, 15 Apr 2004 05:35:16
Members do not see ads below this line. - Help Keep This Site Online - Signup
Post a Followup
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
StateOfNine.com
 |
SaabClub.com
 |
Jak Stoll Performance
 |
M Car Covers
 |
Ad Available
 |
Random Saabnet.com Member Gallery Photos (Click Image)
This is a moderated bulletin board - Posting is a privilege, not a right.
Unsolicited commercial postings are not allowed (no spam). Please, no For Sale or Wanted postings, SERIOUSLY.
Classifieds are to be listed in The Saab Network Classifieds pages.
This is a problem solving forum for over 250,000 Saab owners, so expect to see
problems discussed here even though our cars are generally very reliable. This is not an anything goes
type of forum. Saabnet.com has been a moderated forum since 1988. For usage guidelines, see the
Saabnet.com Mission and Purpose Page. Please remember that you are
not anonymous. Site Contact | Site Donations | Other Sites by SP -
Poverty2Prosperity.org | Run Club Menlo Park | ScreenBot
Site Members do not see red text instructions, bottom of the page anchor ads, or box ads.
Click here to see all
the Site Membership Benefits!