 Does the tax man come after Employed people the way he comes after Self-Employed people? |
| I have been self-employed and now am on the verge of becoming employed. I have heard that even though one can subtract more expenses related to one's work when he is self-employed, it is more ... |
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 Does anyone know how I can find the name and address of a top person with the accounting company HR Block? |
| After 20 years of never having a problem with HR Block I experienced a quite expensive and very unfair situation this year in NYC. I worked with the nicest woman who spent a lot of time preparing my ... |
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 We have 3 kids. Should we file Married filing Separately? |
| I was told we can only claim 2 children max. We wanted to file Married filing Jointly. We are in Florida Should we file Separately so we can claim all 3 kids?... |
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 Very low income? |
| My income is half from Social Security and half from the Department of Labor. Department of Labor is TAX FREE, and that make my Social Security under $15,000 a year, when I went to the Tax Prepairor,... |
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 I never filed for 2006. I received an assessment letter, I have a question regarding the 1040? |
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 My friend ex husband is committing fraud.? |
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 Which is better a $2,000 cash sale of an older vehicle or a $2,000 tax deduction for donating it? |
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 How much can you earn as interest income in the US without paying tax? |
If the only income a person has is around ten thousand dollars from bank interest, would that person have to declare and file and be liable for tax?
Additional Details
This is for an ... |
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| I never filed my 2006 taxes how would I get another copy of my W-2 from that year and file it? |
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I shouldn't owe.
Now, I worked for Kohl's, do I contact the store I worked for or the corporation headquarters?... |
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 Can you cash out your 401K tax free to pay medical bills? |
I have to have a $25,000 surgery not covered by insurance. I'm thinking of cashing out my 401K and someone told me that you can do it tax free for medical bills. Is this true?
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and does one week of holiday means 5 or 7 days?... |
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 Why won't the federal government make a law exempting their combat veterans from paying property taxes? |
Doing so would allow more veterans to own a home of their own!
Honorably dischaged veterans who have made it out of combat, broken but alive, deserve a complete exemption from property taxes ... |
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 Please help i dont know what to do....? |
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notshyviolet | Gambling winnings and state tax question? |
Okay, so gambling winnings must be declared as taxable income for federal and state taxes.
What happens if you happen to win a big prize on the exact same day you move from one state to another? Which of the 2 states do you pay state income tax to? Are you stuck paying to both states?
State A you lived in the first 5 months out of the year. State B you lived in the remaining 7 months.
Again, the taxable income (value of the winnings) was incurred on the exact day you moved from State A to State B.
Additional Details
Edit - more accurate time would be to say that we lived in State A for first 4 1/2 months of the year, and State B for the remaining 7 1/2 months of the year. |
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PepsiLime
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I would think it would be the state that you were at the end of the day. |
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Mathew
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It sounds as though you reported the gambling winnings and filed a tax return in State B. At the time that you won the money you were a resident of State A. You should amend your return to State B and file a state return in State A. You may have a problem getting State B to believe your story but the option is to pay them both. |
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Deliah
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Which state did you win the money in? |
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wartz
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And what state is the money won in? If you are moving from State A and stop at the State A Casino before crossing the border to State B, you are still a State A resident and it will be income in State A. If State C and its casino were between A & B it would still be State A because you have not yet established residence in State B. If you win the big jackpot in the state lottery and, as in my state, California, CA lottery winnings (but not other states') are not subject to state income tax, you may wish to reconsider your desire to move. |
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joveesasha
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You still live at the first place...just pay your taxes in the original state where you paid taxes the last time. Start fresh in the state you moved too, once you start working then you pay taxes there.. |
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ianrothman
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You pay taxes to the state where you bought the lottery ticket. Residency doesn't matter. |
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bdancer222
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Flip a coin.
It's highly unlikely to happen. But just pick on and go with it. |
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Steve
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The gambling winnings are taxable in your state of residence. Residency is determined based on various factors including the state where you're licensed to drive and registered to vote. As stated in a preivous answer, you were probably not established enough in state "B" to be considered a resident.
In any case, I would inform state "A" that you were a resident of state "B" at the time you won. Send state "A" a copy of the return that was filed in state "B" and inform them that the income was reported and taxes were paid to state "B". That may be enough to get state "A" off your case. If this doesn't work, you will have to pay the taxes to state "A" and amend the state "B" return.
In a related note, gambling losses can be deducted on your federal return (to the extent of gambling winnings). If you did not take the losses, you can amend your federal return and get some money back. |
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