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Started By
Message
state income taxes
Posted on 10/9/10 at 9:18 am
Posted on 10/9/10 at 9:18 am
Ok, so a few years ago I did an internship in another state for the summer. I paid taxes to that state (Colorado). That was my only income for that entire year. I am a LA resident. Was I supposed to pay LA state taxes?
4
Posted on 10/9/10 at 11:07 am to bbates4
No. You only pay state income taxes in the state where you either worked or resided. Not both.
Posted on 10/9/10 at 11:21 am to bbates4
quote:
Was I supposed to pay LA state taxes?
It depends. Were you planning on becoming a Secretary of the Treasury one day?
Posted on 10/9/10 at 11:44 am to LSURussian
(no message)
This post was edited on 2/6/25 at 6:05 am
Posted on 10/9/10 at 12:01 pm to lnomm34
quote:Yes, that is my understanding. I've never done that but whenever I do my taxes on Turbo Tax one of the interview questions is "Did you work in more than one state during the year?" I've always answered "No" so I'm not positive what would happen if the answer was yes.
I'll have to file LA and MS state income tax? Is this correct?
Hopefully, the poster Poodlebrain (this board's resident tax expert) will chime in and verify or correct what I've just written.
Posted on 10/9/10 at 12:03 pm to LSURussian
You do your own taxes?
Posted on 10/9/10 at 12:20 pm to TheHiddenFlask
Yep. Why not? My taxes are pretty simple. Just a few 1099's, a W-2 from the IMF, some rental income, massive charitable contributions (but not as much as Rivers), a couple of K-1's and Schedule's B, C and D.
Turbo Tax for Businesses does me just fine.
About 5 years ago I had a CPA friend of mine do my taxes for me and I compared his results to my Turbo Tax results. There were a couple of differences (not material in the amount of taxes owed) and when I asked him about the differences, he admitted he had made the mistake, not Turbo Tax. So since then I just do my own.
Plus, it forces me to keep up with the tax laws to a minimum extent.
Turbo Tax for Businesses does me just fine.
About 5 years ago I had a CPA friend of mine do my taxes for me and I compared his results to my Turbo Tax results. There were a couple of differences (not material in the amount of taxes owed) and when I asked him about the differences, he admitted he had made the mistake, not Turbo Tax. So since then I just do my own.
Plus, it forces me to keep up with the tax laws to a minimum extent.
Posted on 10/9/10 at 12:22 pm to LSURussian
Yeah 99% of the US could do their own taxes through turbo tax with minimal effort.
Posted on 10/9/10 at 12:23 pm to LSURussian
quote:
My taxes are pretty simple. Just a few 1099's, a W-2 from the IMF, some rental income, massive charitable contributions (but not as much as Rivers), a couple of K-1's and Schedule's B, C and D.
Yeah, I guess it isn't that bad. I was thinking that you had international income to deal with which would make it a PITA.
I've never done my own taxes, but I have done a lot of other people's taxes, so I guess I'm overestimating the difficulty of the average person's taxes.
Posted on 10/9/10 at 12:32 pm to TheHiddenFlask
quote:All of my international income comes from U.S. or Canadian companies or the IMF or World Bank. Both of those organizations issue either a 1099 (WB) or a non-employee W-2 (IMF).
I was thinking that you had international income to deal with which would make it a PITA.
I've only worked for two truly foreign companies, one in S. Korea and one in Kuwait (no pics) so I just had to include the income from those two organizations on Turbo Tax as "other income" on my Schedule C.
Since I only work part-time internationally, I don't qualify for the income exemption (I think it's $96,000 this year) so it's not an issue.
Posted on 10/9/10 at 10:36 pm to bbates4
If you were a Louisiana resident and you were just doing some sort of summer internship (and never really gave up residency), then you do have to claim it on your Louisiana income tax return. But, you would get a credit for whatever you paid to Colorado - up to the amount you would have been taxable on that income in LA.
On the other hand, if you actually gave up your Louisiana residency (all kinds of tests for this), then you would have to file as a Part-Time resident.
On the other hand, if you actually gave up your Louisiana residency (all kinds of tests for this), then you would have to file as a Part-Time resident.
This post was edited on 10/9/10 at 10:37 pm
Posted on 10/10/10 at 12:29 am to bbates4
As a Louisiana resident who worked part of the year in Colorado you should have filed a Colorado non-resident return and a return as a Louisiana resident. You would have reported your Colorado source income to Colorado and t he non-resident return. On your Louisiana return you should have rported your income from all sources. You would have been eligible to claim a credit on your Louisiana resident return for any tax you paid to Colorado. Since all of the income you earned was taxed by Colorado it is likely that the credit you would have claimed on your Loluisiana return would have reduced your Louisiana tax to zero.
You probably got the right result, but you did not follow the right procedures. I wouldn't worry about it too much. If Louisiana sends you notice askinig for a tax return go ahead and prepare one claiming the other state tax credit.
You probably got the right result, but you did not follow the right procedures. I wouldn't worry about it too much. If Louisiana sends you notice askinig for a tax return go ahead and prepare one claiming the other state tax credit.
Posted on 10/10/10 at 8:45 am to Poodlebrain
I would go with Poodle's answer and add one thing. If you used a Louisiana address on your federal return for that year, you will be getting a letter from the Louisiana Dept of Revenue looking for a tax return. If you don't respond to that letter, the LDR will generate a tax return and send you a bill. Problem is they won't calculate your credit for the CO tax you paid.
File your LA return now and save yourself some grief in a year or two.
File your LA return now and save yourself some grief in a year or two.
Posted on 10/10/10 at 2:13 pm to tigeryat
quote:
Problem is they won't calculate your credit for the CO tax you paid.
File your LA return now and save yourself some grief in a year or two.
GREAT advice.
This post was edited on 10/11/10 at 10:03 pm
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