View Full Version : Georgia personal income tax
lynnmcpeak
Jun 15, 2012, 07:21 PM
I am retired and do not work. I live in Costa Rica. I am in the process of moving to Georgia. I will be there for about 3 months during the remainder of 2012. I do not have a checking account in Georgia but I do own a piece of property there and will pay property tax. My only income comes from a pension in Calif that goes to my Calif account. I am not taxed in Calif because I do not live there. I only pay federal tax on my pension. Since I live in Costa Rica and will only be visiting Georgia for about three months during the remainder of 2012, do I have to file a tax form there? Once I move there in Jan 2013 full time, I understand that my Calif pension will be taxed. How does one officially become recognized as a Georgia resident? What triggers that?
AtlantaTaxExpert
Jun 15, 2012, 08:08 PM
How OLD are you?
lynnmcpeak
Jun 15, 2012, 08:55 PM
Unfortunately not quite 62- only 60
lynnmcpeak
Jun 15, 2012, 08:56 PM
unfortunately not quite 62- only 60
I realize when I am 62 and 65 there are some tax advaNTAGES
AtlantaTaxExpert
Jun 15, 2012, 09:09 PM
You WILL have to pay taxes for the last three months of 2012 as a part-year resident.
Residency starts the date you arrive.
Once you trun 62, the first $12,000 of your pension is tax-exempt.
lynnmcpeak
Jun 16, 2012, 06:10 AM
You WILL have to pay taxes for the last three months of 2012 as a part-year resident.
Residency starts the date you arrive.
Once you trun 62, the first $12,000 of your pension is tax-exempt.
So here is the golden question: How does Georgia even know she is there? Certainly if one goes to GEorgia to spend three months with an ailing parent, that person is not obligated to fill out a tax form ( they don't make ANY income in Georgia at all)?
AtlantaTaxExpert
Jun 16, 2012, 08:10 PM
As discussed in the email, the pension company will send a copy of the Form 1099-R which shows the monthly pension payment to the IRS to the state of Georgia. THAT is how Georgia finds out about it.