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any state tax experts here?
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Date: October 18th, 2024 10:13 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48210946) |
Date: October 18th, 2024 10:16 AM Author: animeboi (.) not a MFTE but if you didn't make any income in that state you would not pay any taxes to it so I don't see the issue in 'dragging your income' onto the return. I had to do multi-state filings this year, and it was two columns 'amount on 1040' and 'amount in state X', so you just claim zero on your stuff. |
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Date: October 18th, 2024 10:20 AM Author: UhOh i guess i'm worried about them even noticing it and getting into a situation of having to prove who lived where when. she's going to file a state return that says we made $500k jointly but we're only paying them on $40k and they're going to want to get their grubby hands on all of it.
we could file separately and they wouldn't even know i exist, but then i'd get raped on the federal side. |
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Date: October 18th, 2024 10:26 AM Author: animeboi (.) This out of state income thing is way more common than you think (even before work from home, think of all the cities near state borders with suburbs on the other side), and I doubt states are trying to steal peoples money this way. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211004) |
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Date: October 18th, 2024 10:27 AM Author: UhOh yeah we're in neighboring states, i'm sure it comes up all the time. i guess i'll finally hire a tax person to handle it. i've always done it myself but i don't want to fuck around here. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211010) |
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Date: October 18th, 2024 10:26 AM Author: ruinous phenotype https://ttlc.intuit.com/turbotax-support/en-us/help-article/small-business-processes/prepare-joint-federal-return-separate-state/L7I53364c_US_en_US (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211007) |
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Date: October 18th, 2024 10:29 AM Author: Karlstack's transsexual crush Is it a community property state? If so, do you have a prenuptial or postnuptial agreement separating your income and assets? (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211016) |
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Date: October 18th, 2024 10:30 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211022) |
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Date: October 18th, 2024 10:45 AM Author: Karlstack's transsexual crush Since the income was sourced in a non-community state, that seems to be right. But if you're filing jointly, you will have to file with all of your income. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211102) |
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Date: October 18th, 2024 10:53 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211150) |
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Date: October 18th, 2024 10:57 AM Author: Karlstack's transsexual crush Oh, then you're fully fucked. She owns 50% of your income by law and so even if you filed separate returns she would have to pay taxes on half of your income. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211168) |
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Date: October 18th, 2024 10:57 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211174) |
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Date: October 18th, 2024 10:34 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., actual credentialed tax expert here -
are you SURE you can't file federal MFJ and state separately? the answer varies depending on the individual state, and you didn't specify the state, so i can't speak to that based on the OP. note that sometimes tax software will not let you do this but that's a separate issue than whether the law lets you do it, and sometimes a work around can just be preparing two separate returns if you are using software and not a tax pro. |
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Date: October 18th, 2024 10:36 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211044) |
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Date: October 18th, 2024 10:39 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., bummer but then the fallback here is - you should likely still be able to income-allocate most of your state joint return non-resident income to non-state sourced income. so even if you have to REPORT your 450k, you should be able to escape taxation of it by the state
and then the fallback fallback if THAT doesn't work for some reason would be considering a MFS federal filing but obviously that can suck for various reasons and you'd have to crunch the numbers on whether that'd be helpful in your case |
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Date: October 18th, 2024 10:42 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211082) |
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Date: October 18th, 2024 10:44 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., some states are REALLY aggressive in residency audits but if you have the "receipts" you should be fine, just some more BS hoops to jump through most likely (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211092) |
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Date: October 18th, 2024 10:52 AM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48211143) |
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Date: October 18th, 2024 2:32 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., i would generally advise to just get out ahead of it rather than try to slide on by when there is a paper trail of income being reported to the govt. in federal tax world it's computers that handle anything that gets underreported in the first instance - there's like no human involvement, you're essentially getting audited by mail from chatgpt. lots of states have similar systems in place so the chance of them flagging it when there's a paper trail rounds to 100%. to have any success with "flying under the radar" you typically need income that's not even on the radar of the computers in the first place. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212222) |
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Date: October 18th, 2024 3:39 PM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212462) |
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Date: October 18th, 2024 3:46 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., they can collect out of state although depending on the circumstances they may have to domesticate the judgment, which might not be worth it for them. one common tool they use is to claw back federal tax refunds for state liabilities. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212498) |
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Date: October 18th, 2024 3:48 PM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212504) |
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Date: October 18th, 2024 3:54 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., states can get your federal tax return info from the feds fyi (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212526) |
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Date: October 18th, 2024 3:57 PM Author: UhOh ah fuck ok. thanks for all the advice. (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212544) |
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Date: October 18th, 2024 3:58 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., not a problem, literally this is what i do for a living :) (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212551) |
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Date: October 18th, 2024 5:00 PM Author: UhOh plz see my updated thoughts below (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212766) |
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Date: October 18th, 2024 3:33 PM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212434) |
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Date: October 18th, 2024 5:48 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., elaborate on domicile analysis (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212913) |
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Date: October 18th, 2024 6:04 PM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48212996) |
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Date: October 18th, 2024 6:08 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... That isn't a domicile analysis btw
I'd go hard on it and refuse to file there altogether. But hey that's me |
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Date: October 18th, 2024 6:13 PM Author: UhOh (http://www.autoadmit.com/thread.php?thread_id=5613594&forum_id=2Elisa#48213037) |