Resident Credits—Credits for Tax Paid to Other Jurisdictions

Resident Credits—Credits for Tax Paid to Other Jurisdictions

1. A taxpayer who is domiciled outside of New York, but is a statutory resident of New York, may be required to pay resident personal income taxes on their entire income, without any credit for taxes paid to the other state on income from intangible assets, to two states.

2. The 2012 Audit Guidelines contain a section on resident credits, which spells out three elements that must be proved in order for a taxpayer to receive a resident credit:

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