I worked in Illinois, but on my W-2 form the address of my workplace is in Florida!! This is apparently the headquarters, but does this now mean that I owe taxes to Illinois? When I tried to file online it shows I DO owe money to my state! But this can't be right... I must have payed taxes to my state, because there's a number in #15, 16, and 17 which is the state of IL, my Employer's state ID # and the state income tax. If you could help me out, I would be greatly appreciative. :)
2007-03-05 07:05:42 · 6 answers · asked by ? 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
It usually doesn't matter where your company is headquartered (FL). What does matter is (1) what state has the office YOU work in and (2) the state that YOU are resident in. If (1) and (2) are the same, there's no extra work: you'll pay state income tax to your home state. If (1) and (2) are different, you typically have to fill out income tax forms for both states, pay state income tax to the state you WORK in for ONLY the wages you earned in that state, and then you get a dollar-for-dollar out-of-state credit on the state income tax you owe in the state you LIVE in.
Example: Your company is headquartered in FL, you live in IN and work in IL. You pay nothing to FL if you never set foot in it to earn wages. You must pay state income tax to IL on the wages you earned in IL, at IL tax rates. Next, you must pay income tax to IN for all taxable income, no matter where you earned it. But you get a credit on your IN (home state) return equal to what you paid on your IL wages. If you paid (witheld) too much tax to IL, the IL tax forms will tell you how to apply for the refund.
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2007-03-05 07:26:21 · answer #1 · answered by VT 5 · 0⤊ 0⤋
Your W2 sounds correct.
Personally, you do not need to consider anything for the state of FL. You owe no tax there (not that they have a personal one) because you did not physically work in that state.
For an individual's income tax, it does not matter where the corporation is but only the individual. The states would also agree that is how the income is taxed.
IF this is your only source of income, file your federal and Illinois state income tax return. Remember to enter your IL withholdings from your W2. (Your employer withheld the funds and submitted them to IL.)
Best of luck!
2007-03-05 17:03:00 · answer #2 · answered by Molly 6 · 0⤊ 0⤋
The location of the company has no bearing on your situation. If there are numbers in the state section that show IL income and taxes withheld, and if you still owe IL taxes, you didn't have enough IL tax withheld. Have your state withholdings adjusted upwards to prevent this in the future.
2007-03-05 17:52:58 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 1⤋
If you worked in Illinois, it doesn't matter that the company's HQ is in Florida. You'd file an Illinois return, and owe taxes to Illinois.
2007-03-05 18:57:35 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
it doesn't matter where the headquarters is, it matters what state you live in and work in. those are the state(s) that you have to pay taxes in. if you work & live in the same state then that is the only state you pay taxes in. box 15 on your w-2's, that is the state that you paid in.
2007-03-05 15:15:41 · answer #5 · answered by krazyshadowkat 2 · 0⤊ 0⤋
You are to pay taxes to the state you physically work in. I work in Mn & my company is in Kansas. I pay taxes to MN. You should be paying taxes to Illinois. Talk to you HR person and double check that your taxes went to the right state.
Good Luck!
2007-03-05 15:09:45 · answer #6 · answered by Jo 6 · 1⤊ 0⤋