for questions that relate to the laws, practices, and products in the state of New York.

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5
votes
1answer
88 views

Do you have to pay New York State Income Tax if you live in New York but work remotely for a Florida based company?

If an employee lives in New York, works independently on project for a Florida based company. No state tax in Florida. Does employee have to pay New York State tax?
0
votes
2answers
75 views

How much of my losses due to investments in a LLC can I deduct?

In 2013 I invested $90k for a 20% interest in a LLC and am a material participant. The LLC reported losses of $340k in 2013 and $180k in 2014. My losses were $68k in 2013 and $36k in 2014. How ...
2
votes
2answers
80 views

Do I have to pay tax both in NYC and England?

I work in London for an English company. I will move to NYC and keep working for the same English company for a few months doing researches to open a new business, and my boss would like to keep ...
7
votes
1answer
266 views

I gave an incorrect account number to pay my income taxes

I used TurboTax to prepare and e-file my federal and New York State tax returns. I owed money on both and I elected to have the amounts debited from a savings account. When the transactions never ...
2
votes
1answer
37 views

Can I claim UI benefits in NY if I moved few months ago?

I started working in NY state in December '13, and for various reasons I'm currently unemployed. Can I still claim unemployment benefits, or 4 months are not enough for it?
1
vote
1answer
138 views

Am I allowed to change my mind about itemized deductions and IT-2104

I recently changed job, and on the IT-2104 (NY state) I had to complete there is a section 2 saying "Complete this part only if you expect to itemize deductions on your state form." Does that ...
2
votes
1answer
91 views

Does the section 1202 qualified small business stock reduce New York, Illinois, or California taxable income?

Say I sold a small amount of stock that qualifies for section 1202. Does this reduce my New York taxable income, or just the federal capital gains amount?
0
votes
1answer
87 views

Creating a personal company [closed]

I'm developing several software which will be (I hope) really useful and will find it's customers, I'm doing it all by myself. For graphical works etc. I hire freelance designers online, but ...
1
vote
1answer
133 views

Who pays the fee on a NYC no-fee co-broke apartment rental?

I know the following is true (or if it's not, please correct me!): a) If my broker shows me a place that has a fee that's listed by another broker, then they split the fee (i.e. a typcial co-broke ...
3
votes
1answer
125 views

Question about large capital gain

For recent years my income has been about $20k. I'm hopeful that this year I can sell vacant that I bought in 2001. I paid $600k and hope to sell it for about $3,000,000. I live outside the US but the ...
5
votes
2answers
270 views

I'm thinking about selling some original artwork: when does the government start caring about sales tax and income tax and such?

I've been doing some lithographic printmaking as a hobby, and I'm considering selling some artwork I have produced using this process - possibly in person, possibly with an Etsy shop. I'm not sure to ...
5
votes
2answers
221 views

What are some strategies to determine how much I should spend on rent when I have a lot of savings?

I'm fortunate enough to have saved a lot of money over the years, and have nothing specific that I'm saving for (it will be at least a few years before I start a family). This is great of course, but ...
4
votes
2answers
2k views

Which state do you pay taxes in if you work in a different state than your employer? Specifically, if you live DC and work for a company in New York?

I've been doing some research on paying state taxes while working remotely and I will be consulting a tax advisor or CPA in regards to the matter; however, I love the StackExchange and I wanted to see ...
1
vote
2answers
168 views

What steps can an independent contractor take to force a company to send him his last payment?

Say a person worked as an independent contractor at firm X. Firm X is in New Jersey; he worked remotely in New York. After 7 and a half months of work he decided to end the project--a 4 days notice ...
5
votes
1answer
1k views

What happens if a collector doesn't respond to a debt validation request?

After a debt collector sends you a notice, you have 30 days to respond. If you communicate to them that you want to have the debt validated and they haven't responded over a month later, either about ...
6
votes
1answer
968 views

Domestic Partnership Health Insurance and Tax implications

My girlfriend and I are moving to NYC. She is self employed and comparable health insurance in NY will cost her 2x as much as in Texas, where we are now. If we register as domestic partners it seems ...
3
votes
2answers
125 views

Does business income generated while physically present in NY count as New York Source income?

Question Is some or all of any business income generated from my Wyoming business qualify as New York source income while I'm physically present in NY? Background I run an IT consulting firm (LLC ...
1
vote
1answer
55 views

Does my wife need to sign IT-203 (NY state return) if I supply IT-203-C?

I was preparing NY state return for 2012 using H&R Block TaxCut and I noticed a new option (never noticed before) for a joint return where only one spouse has income from NY source. I selected ...
0
votes
1answer
1k views

What to fill out for NY State & City on IT-2104 for single person?

My daughter is starting a new full time job in NYC. She lives in Brooklyn. She owed NY State taxes. How should she fill out the IT-2104. Should it just be single 0 exemptions? Why would it be ...
4
votes
2answers
187 views

(Almost) no credit unions in New York City, why?

After relocating from the West Coast to New York City, I was surprised to find major banks on every street corner, but only very few credit unions. And of the few ones, many aren't even open to the ...
0
votes
1answer
337 views

How to set up my business as a self-employed contractor

I am a full time employee in New York City who does contract work on the side. Next year, I would like to set up a business for myself for this, with the expectation that I might become a full-time ...
4
votes
1answer
3k views

New York State Tax allowances (IT-2104 2012 vs 2011)

I have recently changed a job and trying to figure out how to fill-in the IT-2104 form for my new employer. The biggest problem for me is that I cannot understand the amount of allowances to claim ...
3
votes
1answer
202 views

Do classes have to pay sales tax on materials used?

My friend teaches flower classes, a portion of the total amount charged goes for materials and a portion goes for the actual teaching of the class. If a typical class costs someone $100, $50 of that ...
7
votes
2answers
334 views

Hiring a teenager as a household employee

What am I required to do if I hire a 14-year-old for household work? Any generic information is welcome, but I'm in New York State. Here are some things that come to mind: Do I need to have the ...
5
votes
3answers
3k views

Travelled to New York State & bought something. Can I get sales tax refund back?

I drove to Buffalo, NY over the weekend with some friends, and I bought myself a shiny new Apple iPad. I had to pay New York State sales tax at the Apple Store, as well as declare my iPad purchase at ...