Florida Residency How you know you have it, and what you may want to do if another state says you don’t


Resident Credits—Credits for Tax Paid to Other Jurisdictions



Download 56.12 Kb.
Page21/35
Date28.02.2021
Size56.12 Kb.
1   ...   17   18   19   20   21   22   23   24   ...   35

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:




  1. Share with your friends:
1   ...   17   18   19   20   21   22   23   24   ...   35




The database is protected by copyright ©essaydocs.org 2020
send message

    Main page