Tuesday, August 21, 2012

If somebody is employed in Pennsylvania but lives in New York how would the accountant work this. out.

If somebody is employed in Pennsylvania but lives in New York how would the accountant work this. out.?
I know somebody who lives in New York but works in Pennsylvania. What kind of taxes would be charged?
Other - Taxes - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
TP will pay to both entities. Eg, city and state tax in PA and city and state tax in NY. NY, since he's a resident, may give him credit for money paid to another jurisdiction.
2 :
you will need to file state returns in both states, one will be a non resident return for the state you do not reside in there will be taxes in both states however most often, there are credits on one state for taxes paid to another state you definitely will need help with this unless you know something about tax preparation
3 :
Both states; plus federal, Socail Security, Medicare. NY and PA do not have reciprocal income agreements so income tax withholding should be withheld from the state where the employee works (PA), plus any applicable localities. Because there are no reciprocal agreements, NY will also want their money, even though it's not earned in the state. To alleviate double taxation, the employee will get a tax credit for taxes paid to PA. But, due to the higher income tax rate in NY, there will be tax shortfall in NY. See if the employer can withhold taxes for both states; otherwise, the employee may have to make quarterly estimated payments to NY to cover the difference. The employee will have file tax returns for federal, PA (nonresident return reporting only earnings earned there); and NY return (resident return reporting everything plus a credit for taxes paid to PA)

Tuesday, August 14, 2012

How do the New York Streets work

How do the New York Streets work?
How do they work in the city? I mean the numbers and avenues and streets?
New York City - 3 Answers
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1 :
Streets are numeric from South to North and Avenues from East to West.
2 :
NYC is on a grid.. well except a couple of areas. Most of NYC is composed of horizontal lines and vertical lines. The horizontal lines are streets. When going north, the street numbers increase. They stay consistent on both Upper East Side and Upper West Side (Both sides of central park). The vertical lines are avenues. It goes from 1st Avenue to 12th Avenue... starting with 1st avenue which is on east side of the map, going to 12th avenue which is on west side of map. There are also other avenues in between, but those are the very basic ones.
3 :
Ugh it is soooo complicated in NYC. But the streets pretty much go in order like 42 street is parallel to 43 street, but intersecting with them could be 2 and 3. lol i don't know if this will help much, when we went, it was a school field trip and they gave us a printed map, which i lost. :( hope this link helps at least a bit! http://maps.google.com/maps?hl=en&tab=wl :)

Tuesday, August 7, 2012

I live in New York. I work in Connecticut. Where do I pay state taxes? Both states

I live in New York. I work in Connecticut. Where do I pay state taxes? Both states?
Living in Westchester County, New York State. I work in Danbury, Ct. I am doing my taxes now (I know I am late) and I am not sure if I have to file in both states or just one or the other. Any advice would be greatly appreciated. Thanks, everyone for the great advice!! -Natalie
United States - 6 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Hire a tax professional for this, since you do not know what you are doing. Screwing this up will make your life miserable for YEARS.
2 :
You have to file a tax return in both states. You will receive a credit in NY for the taxes paid to CT (based on your tax return, not the amount that was withheld). The bad news is that NY has a higher tax rate than CT so it is likely that you will owe some money to NY with the tax return. You will also have to pay interest on the amount you owe. Also, if you didn't file for an extension on or before April 15th, then you will owe penalties. I hope this helps. Gary
3 :
if you use a tax program such as turbo tax (or any other) and answer the questions it ask you you will not have any problems......... if the tax program you use does not address the issue use each states income tax help topics New York: http://tax.custhelp.com/cgi-bin/tax.cfg/php/enduser/std_alp.php?p_sid=YJ53q63k&p_lva=&p_li=&p_accessibility=0&p_redirect=&p_page=1&p_cv=&p_pv=&p_prods=&p_cats=0&p_hidden_prods=&cat_lvl1=0&p_search_text=work+out+of+state&srch_btn_submit=%C2%A0%C2%A0%C2%A0Search%C2%A0%C2%A0%C2%A0&p_new_search=1 Connecticut: http://askdrs.ct.gov/Scripts/drsrightnow.cfg/php.exe/enduser/std_alp.php?p_sid=Nq2-q63k&p_lva=&p_li=&p_accessibility=0&p_redirect=&p_page=1&p_cv=&p_pv=&p_prods=&p_cats=&p_hidden_prods=&p_search_text=live+out+of+state&srch_btn_submit=%C2%A0%C2%A0%C2%A0Search%C2%A0%C2%A0%C2%A0&p_new_search=1&p_search_type=answers.search_nl you will have to file in each state, and each state has a form just for this issue.......
4 :
You will first fill out a Connecticut Non-Resident Return. Then when it's done, you will fill out a New York State Resident Return. On the New York return, you will take a credit for the taxes that you've already paid to New York. This in effect eliminates double taxation and you ultimately pay the rate of the higher state.
5 :
You must file in both taxes. When you file your New York State return, you can claim a "resident credit" for tax paid to Connecticut on income earned while living in New York State. As a result, the total tax paid to both states (tax paid to NY plus tax paid to CT) will not be more than if you paid tax only to NY. If you live in Yonkers, then be sure to complete the section related to Yonkers city income tax when you file your New York state tax return.
6 :
your tax home is where you work unless for short, temporary assignments if your Cn job is more or less permanent, you file Cn State return but you will have to file a NY non resident or part time because there are some local taxes due since you actually live there

Wednesday, August 1, 2012

I would like to experience working in New York for a few months, how do I do it

I would like to experience working in New York for a few months, how do I do it?
I would really like to experience New york and would love to work there for a few months, particularly in the media industry. I have a degree working in Directing, producing and writing for Theatre and performance and a diploma in acting. I don't mind working as an assistant or anything I am prepared to work hard but how should I go about this? Where should I look??? Do i need a visa?
Theater & Acting - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Just get to New York and go to every restaurant and tell them you are willing to wash dishes. Today. You can get the media industry job later. A hotel room will be $129 for a tiny tiny room in an old building. Ask if you can sleep in the restaurant for a few nights.... like a night watchman.
2 :
You need to be prepared and have an exit plan. Also you will need support financially and otherwise. Do not believe for a second that Madonna was dropped of in Times Square with five dollars in her pocket or whatever BS amount she claimed. Just chucking in all and throwing caution to the wind these days is reckless and stupid.