Questions tagged [virginia]

Use this tag for questions related to rules and experiences specific to the State of Virginia in the United States.

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4 votes
2 answers
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Why would an employer not allow state reciprocity?

I let my not-for-profit employer in Virginia know I was moving to Pennsylvania, and not until AFTER I moved did they tell me it was not an approved state for reciprocity. Why would they not allow an ...
dianne anthony's user avatar
1 vote
1 answer
112 views

LLC Credit Card - When does money count as being spent

I run a single member LLC in the state of Virginia and, for tax purposes, I am trying to figure out calculating profit/loss at the end of the year when using a business credit card. In the first year ...
Elder Tree's user avatar
4 votes
0 answers
101 views

Does someone going to college in another state need to file Virginia Taxes?

Our son (19) goes to college in MA while we live in VA. This year for the first time we did not include him as a dependent in our 1040. During 2022 he had an internship & research ...
ironv's user avatar
  • 151
0 votes
1 answer
93 views

Just started first LLC, can I pay myself for things?

I just started an LLC for a small engineering/prototype machining business. I have a bank account for the business, but recently I purchased some business supplies (tooling for a machine) on Ebay ...
Hunter's user avatar
  • 103
0 votes
1 answer
102 views

How do I create, structure, and file taxes for a small business?

My friend and I (we’re high schoolers) want to create a tutoring business for elementary/middle schoolers. I figured it would be structure as a partnership but I have been hearing about LLPs. Will it ...
Salban Nithilaselvan's user avatar
0 votes
1 answer
115 views

Virginia labor law regarding payroll

We (myself & spouse - no other employees) are owners of S-Corp and planning to run quarterly payroll. It seems some states have mandatory labor laws to have the payroll run every week or bi-weekly ...
kosa's user avatar
  • 133
1 vote
1 answer
65 views

Do I include 2 sets of W2's in mailed State return

I am filing my federal return as Married Joint and two state returns, one as married joint and one as married separate. This is due to one spouse living/working in the second state for part of the ...
theastronomist's user avatar
2 votes
1 answer
532 views

What should my state tax withholdings be? I live in VA and work remotely for a CA company

I work remotely for a company in California, but I'm a Virginia resident 100% of the time. This is my first year working for this company. Last year, I claimed 1 exemption on my VA taxes (myself). For ...
user111199's user avatar
0 votes
1 answer
97 views

Determining Virginia Capital-Gains on Collectible Cards

How do I determine what the capital-gains tax is on an item like Collectible Cards, in the state of Virginia? (one-time sale of cards older than a year, not a businessman). Additionally, how does this ...
Cyclops's user avatar
  • 143
4 votes
2 answers
489 views

How is a signing bonus given over multiple years taxed?

In Fall of 2018 I was a senior in college and I accepted a job offer with a signing bonus of $10k. $5k of that was deposited to my bank account in 2018 and the other $5k (after some taxes) was ...
Pie Junkie's user avatar
1 vote
2 answers
344 views

Keeping an adult away from their own account at their request

A friend of mine wants to live with me for a while while she gets back on her feet after a recent divorce and cross-country move. She has no current assets. She has asked me, instead of charging her ...
Valentina Pshenichkin's user avatar
0 votes
2 answers
113 views

Future planning [duplicate]

My wife and I bought our current house about a year ago. We love it. The location is great with many new projects coming to the area, including a train station, a shopping plaza and a marina by the ...
Khalid's user avatar
  • 1
4 votes
1 answer
2k views

If I work 100% remotely for a Florida company but I live in Virginia, do I have to pay Virginia state income tax?

I am moving to Virginia from where I am fortunate enough to be able to work remotely for a company in Florida. Florida has no state income tax. Do I have to pay Virginia state income tax?
Eva B Sheller's user avatar
2 votes
2 answers
336 views

Best way to get temporary car insurance with outstanding claim?

So about 4 months ago I purchased my first car, 2014 Toyota RAV4, from a large Toyota dealership in Virginia, USA. During the purchase they told me for around $1000 they would title, put plates on, ...
aquaballin's user avatar
1 vote
3 answers
637 views

If a renter rents a room from your house for many years, will the renter eventually have rights to ownership

My husband and I purchased a house together. The mortgage is in both names. I moved out and am legally separated. He rents out a room now to the same person for many years. In the future, will the ...
user72538's user avatar
1 vote
0 answers
70 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. ...
seescode's user avatar
  • 111
3 votes
1 answer
2k views

Do I have to pay Virginia Tax on capital gains from real estate sale out of state?

I sold a residential building lot in Florida in 2017. I am a resident of VA. Do I have to report those gains to VA for taxes? I did for my federal and paid the tax.
Roger's user avatar
  • 31
2 votes
1 answer
722 views

Does paying back a parent for a car count as a 'GIFT' title transfer, or a sale title transfer?

I am trying to break free and be an independent self, and I couldn't find a similar topic like this on the Exchange. [Virginia] My parents got a Nissan Altima 2015 and I have slowly been putting ...
Cat's user avatar
  • 23
2 votes
1 answer
2k views

1040NR-EZ, no Schedule A, did I claim itemized deductions?

I filed the 1040NR-EZ form for the federal return in 2015. On line 11, Itemized deductions, I entered the result of the "Itemized Deductions Worksheet" (just the state taxes that were withheld from my ...
ChronoTrigger's user avatar
2 votes
1 answer
190 views

Estimated tax payments in VA

I lived in the US in 2014, and I got a salary from a company located in Virginia (VA) in 2014 and 2015. I didn't file the VA tax return back then and I want to sort it out now. I did file the federal ...
ChronoTrigger's user avatar
0 votes
2 answers
1k views

W-4 and VA-4 HELP for 2 jobs

I have a full time/9 to 5 job that pays $59,000 annually. I filled out the total number of allowances as 1 on the W-4 for this job. I was recently hired for a part-time position that pays hourly. For ...
HeyTaxPayers's user avatar
1 vote
2 answers
95 views

Tax estimates for 1099 without withholding

I'm married and the sole-provider for my household which includes three children. I contract for The Palladium-item and made $11,556.00. I am self-employed, so I was paid through a 1099. I drove about ...
user53084's user avatar
6 votes
2 answers
4k views

Do I have to pay Sales Tax on my leased car twice when moving from VA to FL?

I have a vehicle that I'm leasing and in the state of Virginia you pay sales tax on the full purchase price of the car when you are leasing. I have now moved to Florida and the lease company has ...
Luke's user avatar
  • 201
1 vote
1 answer
275 views

How to claim an unemployment benefit?

I'm trying to understand the scenario and answer a question about unemployment benefits. If an employee is in Virginia and his company is in California, from which state will he claim the ...
teja's user avatar
  • 319
8 votes
2 answers
5k views

I live in Maryland and work in Virginia. Do I need to file multiple state tax returns?

I live in Maryland and commute everyday to Virginia for my job. I do not have any rental property in Virginia. Do I need to file multiple state taxes?
hmajumdar's user avatar
  • 561
0 votes
1 answer
9k views

How to handle capital gains on a Virginia Individual Income Tax Return

I reported capital gains (reported to me on a 1099-DIV) on my 2015 Form 1040A "U.S. Individual Income Tax Return" (line 10.) Using the "Qualified Dividends and Capital Gain Tax Worksheet" on p. 38 of ...
Carl G's user avatar
  • 103
5 votes
1 answer
2k views

Can Professional Certifications be written off in taxes?

I am currently enrolled in courses outside of school that are for IT certifications. Question: Can the tuition and the certification vouchers be written off? If so, what is the best way to go about ...
oxy's user avatar
  • 53
1 vote
1 answer
918 views

Is it illegal to sublet apartment to someone not on lease? Penalties?

I have a 2 BR apartment which I have been using to sublet to tenants for several years. I don't put them on my lease. Is this illegal, and if so, what are the penalties?
taxpayer's user avatar
  • 151
-1 votes
1 answer
1k views

What are the pros & cons of buying a car as a business vehicle

I am planning to purchase a vehicle in the coming months. I have a business of my own formed as a S-corp in Virginia. I will be using the vehicle to commute every day to and from work and for other ...
Josh's user avatar
  • 145
6 votes
2 answers
3k views

Is it possible to add a person to an existing LLC?

I have an existing LLC of which I am the sole owner/agent. I would like to add my spouse to the LLC as the second owner/agent. My reason for doing this is because I would like to file taxes for the ...
josh's user avatar
  • 101
7 votes
2 answers
16k views

Is a divorce buy-out of a house a taxable event?

To be clear, this is a question about US Federal Taxes, and I live in Virginia, which is an equitable property (not community property) state. Additionally, I understand this is not a legal forum ...
Affable Geek's user avatar
  • 1,038
14 votes
3 answers
1k views

My landlord is being foreclosed on. Should I confront him?

I just found out that my landlord is being foreclosed on. My lease agreement runs out at the end of this month, but I had, through email, agreed to stay for another year (no new contract was signed). ...
John's user avatar
  • 141
11 votes
2 answers
4k views

ESPP strategy - Sell right away or hold?

I participate in my company's ESPP. Unlike most ESPPs, ours purchases shares on a MONTHLY basis, the price being the average on the last day of the month. A dollar contribution is taken out of each ...
Dave S's user avatar
  • 111
4 votes
2 answers
1k views

Tax filing for two states and becoming married mid-year

I moved from VA to PA in late May 2010. I continued working for the same company and got a raise during the move. I also became married in mid June 2010. I have to file state tax returns in both ...
UserIsMe's user avatar
4 votes
1 answer
6k views

What are the state and county taxes for refinancing a mortgage in Virginia?

I'm in the process of refinancing a mortgage, and want to know what state and county taxes apply. I'm not talking about property tax here, but the recordation taxes and fees charged by the county and ...
joshdoe's user avatar
  • 378