Got paid as an independent contractor with a 1099 but the firm said they'll reimburse me for whatever additional tax I paid over what I would have had to pay as an employee receiving a W2. What exactly is the difference rate-wise? (Ie how can I figure out how much more I paid in taxes?)
To start, you pay FICA of ~7.5% that your employer should pay.
Thanks! Just making sure I understand, say in theory I made $100, when I filed I paid $7.50 that my employer technically should have paid? Are there any other taxes that should be paid by the employer and not the employee?
I think you first have to figure where her main state of residency is. Then you file for the other states and deduct on the main one. ?http://www.tax.ny.gov/pit/file/pit_definitions.htm
Let's talk through that. domicile is MA; maintained home in NY for less than 11 months. So nonresident. But is that a part year resident?
Joint filing exception for some married taxpayersIf you are married and filing a joint federal income tax returnbut one spouse is a New York State resident and the otheris a nonresident or part-year resident, you are required tofile separate New York State returns. The resident must useForm IT-201, Resident Income Tax Return. The nonresident orpart-year resident, if required to file a New York State return,must use Form IT-203. However, if you both choose to file ajoint New York State return, use Form IT-201 and both spouses’income will be taxed as full-year residents of New York State.
Doing my tax returns. Got married mid year, and one or more of us switched states. Finally understand why I bill so much.
Right, but in my situation, I have one nonresident and on part year resident. Problem is turbo tax is entirely unable to deal with the notion of one spouse being a resident and one spouse not.
If I opened a corporation in 2013 But so far didn't do any transactions with it. Do I need to file anything?
So apparently the credited response is to file married separately in both states. Which seems unfair that I don't get the benefit of my married status, if only at least on the money I earned after married (all of it).
you prefer NY tax your earnings??