Questions tagged [new-york]
for questions that relate to the laws, practices, and products in the state of New York.
190
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98
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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 ...
- 151
8
votes
1
answer
1k
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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 ...
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0
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1
answer
79
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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 "...
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1
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1
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530
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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
...
- 1,101
2
votes
1
answer
87
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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 ...
- 21
7
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1
answer
709
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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 ...
2
votes
2
answers
233
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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 ...
- 361
1
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1
answer
50
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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 ...
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1
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1
answer
494
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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 ...
0
votes
1
answer
150
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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 ...
14
votes
1
answer
5k
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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 ...
- 2,025
1
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1
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271
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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 ...
- 2,025
3
votes
1
answer
162
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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 ...
1
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0
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79
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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 ...
- 161
1
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1
answer
56
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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 ...
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3
votes
1
answer
260
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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 ...
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0
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0
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45
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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 (...
2
votes
1
answer
141
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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 ...
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0
votes
1
answer
339
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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 ...
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3
votes
1
answer
193
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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 ...
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-1
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2
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127
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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 ...
- 101
1
vote
2
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285
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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 (...
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0
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3
answers
483
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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 ...
- 8,287
1
vote
0
answers
55
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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 ...
- 515
2
votes
0
answers
39
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&...
- 145
1
vote
1
answer
93
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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 ...
- 145
0
votes
1
answer
160
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 ...
- 109
0
votes
1
answer
302
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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 - ...
0
votes
1
answer
143
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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 ...
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0
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1
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32
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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 ...
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3
votes
1
answer
155
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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 ...
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2
votes
1
answer
74
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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 ...
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1
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1
answer
686
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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 ...
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3
votes
1
answer
170
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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 ...
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1
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1
answer
90
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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 ...
- 383
1
vote
1
answer
2k
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 ...
- 383
2
votes
2
answers
80
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,...
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2
votes
1
answer
81
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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 ...
- 383
0
votes
1
answer
86
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 ...
- 383
3
votes
1
answer
747
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 ...
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4
votes
1
answer
205
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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 ...
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26
votes
5
answers
10k
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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:...
- 4,374
1
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1
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80
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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 ...
- 823
2
votes
2
answers
320
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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 ...
- 21
1
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0
answers
83
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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 ...
- 11
2
votes
0
answers
105
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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 ...
- 21
1
vote
3
answers
151
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 ...
- 61
2
votes
0
answers
59
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Can I ignore form 2439?
I got my first form 2439 (Undistributed Long-term Capital Gains). After doing research, it seems that since I didn't actually get any money, the net result is a not-so-large gain after I sell the ...
- 295
14
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3
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2k
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What should I prepare for tax-wise when moving from one state to another?
In about 2 months, my wife and I will be moving to another state and I will be starting a new job - this move will be from the Capital Region of New York State to the St. Mary's County region of ...
- 4,374
0
votes
1
answer
88
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Taxes on Family leave pay
Do we have to pay taxes on checks from the government that were paid from taxes in the first place.
For example, like Social security checks and Paid Family Leave checks? If that is the case, what is ...
- 103