Address On Federal Return Creates State Income Tax Problem

A lot of people think that determining your state of residence is a matter of day counting. This is understandable as many states have adopted the New York rule. If you have a permanent place of abode in New York and are physically present in the the state more than 183 days (and a day means any part of a day even a proverbial New York minute), you are a statutory resident. But a statutory resident of New York or Massachusetts, for example, will also be taxed as a resident of some other state for that entire year.

, , ,
Next Post
IRS Audit: Taxpayers Claim $145,000 Income Tax Deduction for Donations to Goodwill

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.