All occurred in 2006.
2006-10-02 09:46:42 · 6 answers · asked by Todd M 1 in Business & Finance ➔ Taxes ➔ United States
Yes. You have to file a non-resident return in NY State. A resident return in both NJ and Colorado.
2006-10-02 09:49:32 · answer #1 · answered by jim 6 · 0⤊ 0⤋
Yes, you do. Each state should only tax you on income earned while you lived/worked in that state. In addition, NJ and NY probably have an arraignment that will charge you the higher of the two rates on the income earned while living in NJ and working in NY. I'm not sure how much goes to which state. Any good tax software should help sort this out.
2006-10-02 12:44:37 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Here is how state income tax works
1)You do your federal income tax first because federal will tax you on 100% of your income.
2)The state you work in which is NY will tax you only on the income you earned in that state. so do a NY state non resident income tax return.
3)The state you live in which is NJ will tax you on the 100% of your income (usually base on the federal income tax information) MINUS a credit of tax you pay to the other state (NY).
So do your NJ resident state return last.
4) how ever you did not live in NJ for a full year therefor you file a part year resident state return for NJ and CO rather than just a NJ resident state return. You divide your income of the year up by 12 month and set whatever month you were in NJ and CO additing up total to 12 month. And credit of the tax you pay to the other state (NY) will go to the state you live in while work there in NY.
go to the following web site for the state tax return.
http://www.taxadmin.org/fta/link/forms.html
Got it?
high five.
2006-10-03 05:51:09 · answer #3 · answered by Kenshin 5 · 0⤊ 0⤋
Unfortunately, yes you do. On the plus though, each state may have a reciprocity program that will help you not have to pay as much tax to each state and may even eliminate some altogther.
If you don't have an accountant, use TurboTax or one of those types of programs to help you through it all when you file your taxes...they have plenty of good guides and tips to help you get the most out of your return
2006-10-02 10:18:01 · answer #4 · answered by Lauren 4 · 1⤊ 0⤋
you may desire to document in NJ and long island, and probably CT besides. you continuously could desire to document the place you reside (NJ). you continuously could desire to document the place the earnings became into earned additionally (long island). Did you artwork in CT in any respect throughout the time of the 12 months? in case you probably did, you will could document there additionally, yet once you probably did no longer, its irrelevant the place the corporation HQ is and you does no longer could desire to document there. you may replace your withholdings to be sure you have tax withheld in long island alongside with NJ next 12 months, in the different case you may finally end up paying effects to long island because of the fact you have underwithheld.
2016-12-26 07:44:05 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Yep. Good luck with that!!! No really, turbo tax could help you if you are determined to do it yourself.
2006-10-02 09:58:15 · answer #6 · answered by porkchop 5 · 0⤊ 0⤋