Ask Experts Questions for FREE Help !
Ask
    lynhfnyc's Avatar
    lynhfnyc Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 25, 2008, 08:32 AM
    Change in residency, and correcting a W-2 for tax purposes
    Hi,

    Here is my situation and I am wondering if someone can confirm what I need to do:

    I moved from Texas to New york city in October 2007. I work, however, in New Jersey.
    My W-2 from my employer shows the following:

    NJ State Income: $10000 (The amount I have earned since moving up there)
    NY State Income: $50000 (The total amount I have earned for the year)

    However, since I moved to New york/started working in NJ in October, shouldn't my NY state income match my NJ state income and the remaining $40 000 be marked on a separate W-2 for Texas, since that's where I lived when I earned that money?
    Thanks!
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Mar 25, 2008, 09:16 AM
    Yes - your company messed up, and they need to issue you an amended W-2 to clear this up. You do not owe NY state or city any taxes on income you received prior to moving there. Have they been withholding income taxes for NJ, NY state, and NYC from your wages?
    lynhfnyc's Avatar
    lynhfnyc Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Mar 27, 2008, 05:01 AM
    Thank you for your quick response.
    I actually talked to my company's payroll department, and it turns out that, for whatever reason, NY state requires that all income earned for the year be shown in Box 16 (state income) of the W-2. Whereas New Jersey does not, apparently.

    If I look at my W-2, in the NYC box, box 18-local/city taxes, however, it does show my income earned only while living in New York City.

    So while I'm pretty sure my tax forms for New York City will make sense when you examine them (the tax form says that you just ratio the amount you earned while living in New York to the amount earned from the entire year), I still don't understand how I will be able to explain to NY state that most of my income was earned in Texas, not New York.

    Also - Texas does not have state income tax, so I guess that's why it was not listed before under the state area on my W-2?

    This is very confusing, no?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tax purposes [ 3 Answers ]

If a parcel of land that was originally purchased for $85,00 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at:

H4 holder NY State residency status for Tax purposes [ 1 Answers ]

Yes, yet again, another first-timer to US Taxes. :( I browsed this forum but couldn't find concrete answer and between NY State and Tax consultants I have 3 different answers!! :eek: Please help me to determine my NY State residency status for Tax purposes.

Part time residency in the state of Oregon for tax purposes [ 1 Answers ]

So, I work in Alaska and I have a mailing address in Alaska, but I'm also renting an apratment in Oregon, and I travel back and forth every month. I earn nothing while in Oregon, and spend less than 6 months a year in Oregon. A friend advised me to file as a part time resident, and that way I could...

Status for tax purposes [ 1 Answers ]

Hi, I came to the United States under tourist status on April and subsequently changed status to h1b on October. If this is the case, will I qualify as a resident alien for tax purposes as I've already spent 183 days in the US. Would my stay as a tourist count under the continuous residency...

Using my rental investment in FL as primary residency for tax purposes [ 1 Answers ]

This might be complex -- but here we go: I am looking at purchasing oceanfront property in FL and I am wondering if I can use FL's no income tax laws to my advantage. I own a home in NC and work in sales for a company based in NC. Here are a few of my questions: 1. Can I choose to list FL as...

View more questions Search