Questions tagged [new-york]

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

25 questions with no upvoted or accepted answers
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NY State Sales Tax on Lease Transfer

I am hopeful that someone can help me understand New York State (NYS) Sales Tax with regards to a lease take over, in what seems to be paying tax twice. So here is the scenario: Person A leases a ...
4
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0answers
94 views

State tax withholding election

I live in Connecticut but work in New York. My employer wants to know what state I wish to be "taxed in". I understand that CT gives a credit for taxes paid in NY. Which state should I elect to have ...
3
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1answer
81 views

Qualifiying Life Event allow one to change coverage plan

Employer provides four plans, with the following three that interest me, PPO, HMO, CDHP During open-enrollment I choose PPO. I marry. This counts as a QLE. Am I allowed to change to CDHP midyear? ...
2
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0answers
37 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&...
2
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0answers
45 views

Can 501(c)(7) members buy optional goods and services from the social club, where other members might abstain?

I understand that, typically, 501(c)(7) ("social clubs") charge their members dues. However, after reading the IRS's documentation, I am not clear about their stance on members voluntarily ...
2
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0answers
101 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 ...
2
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0answers
108 views

One of my W2 employees quit my repair shop in NYC, do I need to do anything on my end to alert the state/city?

I have a repair shop and one W2 employee. He just quit last month. Do I need to alert the State or City about payroll taxes or payroll insurance company that my guy left? I'm not sure if I need to do ...
2
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0answers
3k views

Did you maintain living quarters in New York?

What does the question when filing NY state taxes "Did you maintain living quarters in New York?" entail for an International student on F1 Visa who interned in NY and lived in a motel during that ...
1
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0answers
48 views

Benefits of identifying as 501(c)(7) versus just regular non-profit?

United States/NYS here. My understanding is that nonprofit corporations do not have to pay any federal or state taxes, only file a Form 990. My understanding is that a 501(c)(7) is a special tax-...
1
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0answers
51 views

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 ...
1
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0answers
63 views

Why is NYS supplemental rate so high?

For 2019 the NYS suplemental withholding rate was 9.62%. However the maximum tax bracket in NYS is 8.82% for 2019. This means that even for the highest earners the withholding will be too much and ...
1
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0answers
65 views

NY & Federal Quarterly tax payments for someone with Fulltime job and a side gig?

In 2020 I want to start paying estimated quarterly taxes but I am not sure exactly how to calculate the amounts. If I make X$ yearly income from my full time job have maximum withholding. I also ...
1
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0answers
57 views

Approximate tax savings if NYC employee moves residence from NYC to NJ?

How much would an employee expect to save on tax bill by moving residence from NYC to NJ, approximately? Assume $200,000 income, single, no dependents, $0 for everything else (IRA, 401k, investments, ...
1
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0answers
539 views

How to treat a bonus for tax purposes if moving states

I moved from NY to a tax-free state in December of 2018. In January of 2019, I received a cash bonus from my employer. Despite not living in NY anymore, the company withheld NY state income taxes for ...
1
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0answers
519 views

Forgot to check "Yes" in the question about the foreign account

In 2017, using Credit Karma, I filed a tax return by must have said "No" to the question about foreign accounts. The max aggregate balance of all my accounts in 2017 was under $10,000 so I didn't have ...
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0answers
77 views

Do I have the right to insist on my options being 100% vested if they are for work already performed last year?

I am getting some stock options for work I already finished last year, but they said it needs to vest for tax reasons. My lawyer said I don't have to pay taxes until I exercise my options which ...
1
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0answers
56 views

Live in NY but work remotely for a company in Virginia. Which 529 plan can I deduct taxes?

I live in NY and I just started working remotely for a company in Virginia. I will not be moving to Virginia. I've been contributing to my NY 529 plan since I can get a state tax deduction on it. ...
1
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0answers
210 views

Do I have to pay New York state tax? Freelancer with New York LLC, living in Florida

I'm a freelance software developer working from home. I work through a single-member LLC registered in New York. I previously lived in New York and paid New York state tax, but I have moved to Florida....
1
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0answers
85 views

When is a subtenant entitled to have their security deposit returned?

Halfway through last year, I subleased my apartment unit and moved to a new location. I received a security deposit equal to the monthly rate paid by my subtenant. My rental company has informed me ...
1
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0answers
392 views

Does FL based consulting LLC have to pay NY state income tax?

An LLC is registered and based in Florida. It conducts consultations in FL for New York-based companies, wherein an employee of the NY company travels to FL for the consultation. At no point does an ...
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0answers
445 views

What is "decoupling from IRC" in NYS Tax 2020 line 19a

NYS Tax 2020 Line 19a says "Recomputed federal adjusted gross income" (see page 16 line 19a worksheet) I go to the worksheet and it says Line 19a – Recomputed federal adjusted gross income ...
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0answers
22 views

NY State Tax Return - Maternity Leave Income (Insurance) From NY State Work Place While living out of state?

When filing for NY State taxes, filing as a non-resident, whom worked 130 days in NY state, but half way through the year, went on maternity leave, not being paid from the NY Workplace, but getting ...
0
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0answers
28 views

Question about NY non-resident K-12 withdrawal from 529 accounts

I live in NJ, work in NY so file both NJ resident and NY non-resident returns. I have a NY 529 account that I think NY state will tax (prorated) earnings if I withdraw for private school. Can I open a ...
0
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0answers
24 views

Non-resident? NY state and NYC taxes while living 8 months outside US

When pandemic broke out, I was outside US and stayed outside for the entire 2020. I worked remotely all time. I've been employed by a company with NYC headquarters. Am I right I'm considered a non-...
0
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0answers
47 views

Filing Sales Tax Return When 3rd Party Collects & Remits Sales Tax - App Store & Google Play Scenario, US

In many cases App Store & Google Play will collect & remit sales tax themselves for your sales. Question is how to file this scenario. Do you file these sales as "non taxable sales" or do ...