I live in a different state now. Do I have to file something?
2007-01-24 05:46:45 · 3 answers · asked by Marlene 1 in Business & Finance ➔ Taxes ➔ United States
Even though it's a state over payment from a state i don't live in anymore, I should still claim it on my federal taxes as income? Do I have to give the money back?
2007-01-24 06:08:52 · update #1
You will report it as income on your federal form only. Go to www.irs.gov and search 1099-g.
Whether you live there or not is of no importance to the Feds. They still consider that $ as income. You have to report that amount on your federal tax return. You don't have to give the money back so to speak but you DO have to pay taxes on it.
2007-01-24 05:57:35 · answer #1 · answered by koral2800 4 · 0⤊ 0⤋
Report it as income on your return.
Generally it will be income in the year you received the refund. However, if you had limitations on your last year's return it may not be taxable. This can be an issue with high income people. Several clients got tax notices recently.
Don't listen to Rocklyn - she doesn't know what she's talking about
2007-01-24 05:55:59 · answer #2 · answered by Dizney 5 · 1⤊ 0⤋
No action is required with a 1099-G, I believe it may state that onthe form
2007-01-24 05:54:25 · answer #3 · answered by Rocklyn80 5 · 0⤊ 2⤋