SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    What are my financial obligations to test living in a different state?
Page 1 2 3 
Go
New
Find
Notify
Tools
Reply
  
What are my financial obligations to test living in a different state? Login/Join 
Member
posted Hide Post
Residency and where you are living are not the same.

I am a resident one state and often live/work in another.

I file a non resident return at tax time.

I still have to pay state income tax.

But it is less complicated because only one state has state income tax.

You would have to consult a CPA or check current law if both states have income tax.
 
Posts: 4793 | Registered: February 15, 2004Reply With QuoteReport This Post
Member
Picture of konata88
posted Hide Post
Thanks guys!

I will consult with a Tax CPA and determine a course of action from there. Man, it would be ideal if I could state hop for 9 months and not pay any state taxes. That would help offset the cost of apt rental.




"Wrong does not cease to be wrong because the majority share in it." L.Tolstoy
"A government is just a body of people, usually, notably, ungoverned." Shepherd Book
 
Posts: 13172 | Location: In the gilded cage | Registered: December 09, 2007Reply With QuoteReport This Post
Member
Picture of sourdough44
posted Hide Post
The WI dept of revenue had their dander up over some accounts in the adult son’s name, cashed in to pay for college. At the time he was full time in Indiana, student & working.

I was partially involved, joint account, not under the 529 umbrella. We traded letters, they had sky high penalties listed, as I sought the 3 year old documents.

I was ready to visit a tax attorney but they finally went away after I gave them a copy of the IN tax return my son filed for the year of question.

Without kids in a school, or a spouse working in a state one’s leaving, not hard to change residency. You need to jump through the hoops with mail, addresses, DL, vehicle, voting, etc..

I would research & target a particular State though. Unless homeless, I’d rather not try a continuous move with no home state.
 
Posts: 6491 | Location: WI | Registered: February 29, 2012Reply With QuoteReport This Post
  Powered by Social Strata Page 1 2 3  
 

SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    What are my financial obligations to test living in a different state?

© SIGforum 2024