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Questions tagged [new-york]

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

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How do I determine my New York pension category?

I am filing my 2023 tax return for New York with H&R Block. When I import my 1099-R form for my retirement plan with Transamerica, I am asked to select a category for my New York pension. The ...
Stevoisiak's user avatar
1 vote
0 answers
194 views

Any recourse in recouping locksmith charge?

Was locked out of my apartment with no way to re-enter and needed to get in. Locksmith refused to quote me any amount prior to arriving. After they arrived (30 minutes later), they informed me that ...
Runeaway3's user avatar
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0 answers
41 views

Wise cash balance interest program and NY state residents

Why is it that the cash balance program (and consequent FDIC insurance) that Wise offers its customers is not available to residents of New York State? Is there any way around this?
Tim Cowlishaw's user avatar
1 vote
1 answer
158 views

Double Taxation - New York and New Jersey

I have a tax situation for year 2022. Amounts given below are examples. 1/1/2022 to 8/8/2022: living and working in Indiana (income $55,000) 8/9/2022 to 12/31/2022: living in New Jersey, working in ...
sam's user avatar
  • 151
8 votes
1 answer
1k views

Overwithholding due to wrong address

Former company in NY has the wrong address for me on file. The address is in the city and because of that it has withheld city taxes in addition to NY state taxes. I don't live there, I moved outside ...
Goh-shans's user avatar
0 votes
1 answer
662 views

How to file NYS Taxes for Deceased

IRS has straightforward instructions to file Federal Taxes for Deceased, but I failed to find the same for New York State. When I google, "new york state deceased taxpayer", it gives "...
Marium's user avatar
  • 373
1 vote
1 answer
2k views

How does 90 day notice work in New York State when renting

Say I have a lease for an apartment in New York (not NYC). Say I have rented for more than two years. According to ny.gov site: landlord must provide you with 90 days advanced written notice before ...
paulj's user avatar
  • 1,157
2 votes
1 answer
244 views

Move out of and back into New York State in the same calendar year

On January 1, 2023 I was a resident of New York State. In the middle of the year I moved out of New York State to work for my employer physically in a different state. I abandoned my New York State ...
nys-in-n-out's user avatar
7 votes
1 answer
728 views

Where to file state income tax form?

My wife and I lived in Massachusetts as our primary residence for 2022. However my wife started a new job that is based in New York and works remotely in 2022. However, this job required her to have a ...
state_tax_questions's user avatar
2 votes
2 answers
461 views

Under what circumstances is NYS Refund taxable?

I don't itemize deductions for Federal and NYS Taxes. Is NYS Refund still taxable? Under what circumstances is NYS Refund taxable? My co-worker says NYS Refund is taxable after $63, but I cannot find ...
Marium's user avatar
  • 373
1 vote
1 answer
58 views

How to better balance state taxes when working in another state

I/we live in New York and my wife works in New Jersey. Whenever I file our taxes, the New Jersey non-resident return is pretty balanced. However, my New York return always has NY state owing us a ...
eman3gt's user avatar
  • 11
1 vote
1 answer
1k views

NYSaves 529 Plan vs Vanguard Fidelity 529 Plans

My partner and I live in NY State and file jointly. I want to start investing into NY States 529 program here : https://www.nysaves.org/ I am planning to invest 10k per year for tax deduction and not ...
money.frictionlesspulley's user avatar
0 votes
1 answer
172 views

Can I somehow convert a tax credit for solar into cash?

A solar company in nyc told me that if I do with them solar I can get %20 on property tax 30% in federal tax and $5000 in tax The 30% tax is non refundable and also $5000 . Is there a way to use to my ...
Eliyahu Shalem's user avatar
14 votes
1 answer
5k views

How to fight an unemployment tax bill that I do not owe in NY?

Back in the summer I received a tax bill saying I owe money for unemployment, but I do not as I never filed it. It's most likely fraud claim under my name or company. Below are the redacted documents ...
Patoshi パトシ's user avatar
1 vote
1 answer
314 views

I own and run a business. Today I received from NYS that I owe money on taxes for Unemployment Insurance that I received. I never filed it

Just saw the letter from NYS saying I owe 1000+ for claiming UI for 2021. I never claimed as I run my own business in NYC and file a Schedule C every year with my taxes. It says I need to pay it by ...
Patoshi パトシ's user avatar
3 votes
1 answer
178 views

Is the hospital illegally using "balance billing" of primary and secondary health insurance to charge us too much?

My wife and I live in New York City and recently we had a baby and my wife stayed in the hospital for two nights. She has insurance through her employer, which is her primary insurance, and she is ...
Clem Marshall's user avatar
1 vote
0 answers
133 views

Is a New Jersey (United States) resident earning New York state income allowed to deduct New York State 529 contributions via form IT-203?

I am a New Jersey resident that earns New York State income, and so I file form IT-203. I noticed this year something I hadn't before - the New York State 529 website mentions (under Direct Plan tax ...
CSSBurner's user avatar
  • 161
1 vote
1 answer
59 views

How many years to go back and file an amended return re shared custody situation [closed]

Similar to but different from Amendment After 3 Years That Increases the Tax Two parents have a bunch of disagreements which they will hopefully be addressing soon via mediation. Mother (M) lives out ...
aparente001's user avatar
3 votes
1 answer
331 views

Possible Car Dealership Scam

I am new to purchasing vehicles and handling financial matters in general. I am trying to improve my financial literacy but still have a ways to go. My father is currently trying to purchase a vehicle ...
Polo's user avatar
  • 31
0 votes
0 answers
47 views

Moved from NY to Florida; do we owe NY State Tax? [duplicate]

We moved from New York to Florida in late June 2021. Bought a house here in May, sold our old house in August. I'm retired; wife works remotely (per diem) for NY firm that took out state income tax (...
donsmythe's user avatar
2 votes
1 answer
148 views

Did the Hospital Mis-Bill My Insurance Plans?

Some months ago, I received treatment at a hospital in New York City. While I was there, I provided them with the insurance information for two plans under which I was covered. Company A sent me an ...
szkoda's user avatar
  • 51
0 votes
1 answer
590 views

Implications of changing address of my credit card temporarily? [closed]

A gym that I attend requires a yearly contract with the option of breaking it if moving out of the state. A change address of a credit card can be accepted as a proof. Is it possible to change the ...
Omar's user avatar
  • 111
3 votes
1 answer
204 views

Must I pay NYC city tax?

I do not live in New York City I live in central New York and work in central New York. My employer has taken out NYC city taxes. Is this a tax I, not being a resident of NYC or any of the 5 boroughs ...
Chel's user avatar
  • 31
-1 votes
2 answers
130 views

Does the New York Stock Exchange Building have a Business Continuity Plan for dealing with a hurricane hitting New York City?

I would like to know if the New York Stock Exchange Building has a rock solid business continuity and disaster recovery plan to deal with the event of a hurricane directly hitting New York City and ...
user57467's user avatar
  • 101
1 vote
2 answers
386 views

How does NYC compute the "ESTIMATED MARKET VALUE" of condo apartments

When the city of New York assesses the value of a condo for property tax purposes, the first line is the ESTIMATED MARKET VALUE. This number may or may not determine the property taxes owned (...
user3188445's user avatar
0 votes
3 answers
505 views

Can a 20% down payment actually hurt you?

Goal: avoid overpaying for a house. Scenario: $200k house 800+ credit score Conventional 30 year loan at market rate Conventional loan requires 5% down minimum I can comfortably afford 20% down Loan ...
MonkeyZeus's user avatar
  • 8,473
1 vote
0 answers
57 views

New York state income taxes for out of state remote worker [duplicate]

I am looking at taking a job offer from a company based in New York. The position is fully remote and I live in Utah. I have been trying to find information on what my state income taxes will look ...
Mr. Spock's user avatar
  • 515
2 votes
0 answers
40 views

Is telecommuting due to covid valid for taking the home office deduction for W-2 employee for New York State Tax Return?

For W-2 employees, as far as I know, you cannot take the home office deduction for your federal return, if the reason is telecommuting due to covid. It must pass the "convenience of the employer&...
user3621633's user avatar
1 vote
1 answer
165 views

Can you declare home office use for New York State return but not Federal?

Due to the 2018 IRS Tax Law, W-2 employees lose out on most work expense deductions including home office deduction, as I understand it. And for this year, you cannot use the home office deduction due ...
user3621633's user avatar
0 votes
1 answer
163 views

Is New York's formula for taxing non-residents constitutional? How? [closed]

When a New York State non-resident has NYS income, NY's tax rates are based NOT on the absolute amount of the NYS income, but on the non-resident's federal income, pro-rated to the percentage earned ...
jay613's user avatar
  • 109
0 votes
1 answer
357 views

NY state tax when living in NY and working 100% remotely for a company in WA

I got taxed for NY state(when residing in NY state) and working for a IT company in WA state(WA is my work state). Notes: I lived in NY for less than 184 days. 1 Jan 2020 - 15 March 2020 - India - ...
Aakash Gupta's user avatar
0 votes
1 answer
217 views

Can I file state taxes for two states (MA,NY), claiming to be a non-resident at both?

MA requirement for a full year resident is living in the state for more than 183 days, while in NY the rule is that a full year resident is someone who lived there for more than 184 days. If a person ...
KingsInnerSoul's user avatar
0 votes
1 answer
32 views

How do I reflect Stock Profit and Dividend in New York State Tax 2020

Please help me I googled how to reflect stock profit and dividends for New York State tax, but it led me to New York State tax website I was unable to understand. Few days ago I called New York ...
Marium's user avatar
  • 373
3 votes
1 answer
253 views

Will capital gains from one state offset capital losses from another state?

I moved in the middle of the year. I made capital gains from stock sale while living in NYC and then had capital loss from stock sale after I moved to NJ. Usually I could offset capital gains with ...
Ellie's user avatar
  • 31
2 votes
1 answer
95 views

I am a single member LLC. I am most likely going to have a business loss this year 2020. What do I need to know to report a loss?

I run a small repair shop in NYC and this year 2020, I will need to report a loss. I never reported a loss before so I'm not sure if my knowledge of it is out of date or not. I read that for 2020 ...
Patoshi パトシ's user avatar
1 vote
1 answer
854 views

Asking for my phone number while offering hard-to-believe low rent in Manhattan — is this a potential rental scam?

Today, I responded to a couple of Craigslist ads for rentals in the heart of Manhattan, NYC, where I currently live. The rent advertised is about half of what I currently pay, so naturally I am ...
user104333's user avatar
3 votes
1 answer
173 views

How do I prepare for a potential furlough on my salary?

Today I heard a rumor in the office that we might be seeing a salary furlough coming within the next few months. Normally I don't pay much attention to the rumor mill, but this rumor has some ...
Zibbobz's user avatar
  • 4,374
1 vote
1 answer
92 views

Which NYS employee taxes are optional?

United States and NY state here. I'm looking at my paystub and under Employee Tax Witholdings I'm seeing the following line items taken out: Federal Income Tax Social Security Medicare NY State ...
hotmeatballsoup's user avatar
1 vote
1 answer
3k views

Can a 501(c)(7) receive external donations from non-members?

United States/NYS here. Can a 501(c)(7) tax-exempt nonprofit ("social club") receive outside/external donations from non-members (individuals or businesses alike)? For example: lets say ...
hotmeatballsoup's user avatar
2 votes
2 answers
92 views

COBRA eligibility and plan transfer

United States (NYS specifically) here. I am in somewhat of a unique position. I have a W2 (salaried) job that has full health, dental and vision benefits, and I have lined up another W2 job (full time,...
hotmeatballsoup's user avatar
2 votes
1 answer
131 views

Making equity investment of personal money to LLC

NY state here. I have a very small single member, member managed (I'm the member) LLC that has elected to be taxed as an S-corporation (this might be important). The LLC is running a little light on ...
hotmeatballsoup's user avatar
0 votes
1 answer
97 views

Reducing tax obligation for LLC electing S-corp taxation

United States here, specifically NY state (if it makes a difference). Say we have a super small, 1-man member-managed LLC that has elected to be taxed as an S-corporation. This way, the 1-man member ...
hotmeatballsoup's user avatar
3 votes
1 answer
762 views

I suspect an investment I made is run by a scam artist, what can I do?

I have to admit, greed overcame me - and made some questionable investment choices with a person who I think is a scam artist. I gave $12.5k, I have not given banking information. The scammer asked me ...
Imakesense's user avatar
4 votes
1 answer
242 views

Do I have to put 20% down on a condo so that I don't have to live in it for 1 year before renting it out to tenants?

I really want to purchase a condo and rent it out to tenants for some extra cash flow here in Queens, NY. I contacted a mortgage loan officer and he told me that I HAVE to put 20% down if I decide not ...
user99000's user avatar
26 votes
5 answers
10k views

I just paid off my car - should I release my Credit Union's lien on the car?

We just came upon a windfall significant enough to pay off our car loan - so I did. My Credit Union just sent me a letter describing the way in which I can remove them from the lien. From the letter:...
Zibbobz's user avatar
  • 4,374
1 vote
1 answer
170 views

NY State retirement withdrawal and management

My wife worked for ~4 yrs at a school in NY. She was entitled to a retirement package. It states that she as a contribution balance of $4,477. She does not want to go back to work as we are raising ...
Phil's user avatar
  • 823
2 votes
2 answers
335 views

Do Mineral Rights stay with the original land owner through death or can the current land owner retrieve them?

My husband and I are looking to purchase a hundred acre property in Western NY. The current owner says the original owner is receiving payment for gas mineral rights associated with the 100 acre ...
Holly's user avatar
  • 21
1 vote
0 answers
86 views

Check Cashed By someone else [duplicate]

I am facing one weird situation. I am about receive check for my kid’s summer camp refund. Summer camp agency issued a check and it was never delivered to me. When I contact them they said its ...
Delta's user avatar
  • 11
2 votes
0 answers
105 views

Roommate/co-tenant said she would renew but lied after I sign lease - invalid lease?

So, my roommates and I planned to sign a lease renewal as co-tenants in NYC. While some of the roommates already signed it, the others changed their mind last minute. This unfortunately means the ...
Bonny Chu's user avatar
1 vote
3 answers
280 views

Are maintenance fees and other fees covered by tenant or does the owner have to pay that?

I'm looking around apartments not to live in - but to rent out for some cash flow. I'm eying a particular co-op and was wondering: Hypothetically, I took out a mortgage for the co-op. Am I ...
user99000's user avatar