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MORBID · Apr 24, 2005, 12:58 PM

Thinking of moving to NJ from NYC. What would the tax implication be? Higher/Lower? Currently I'm paying NY State and NYC resident, around $300 biweekly.
How will the taxes be computed once I tell my employer that I moved to NJ?

Thank You.

AtlantaTaxExpert · Apr 24, 2005, 03:03 PM

Morbid:

Your taxes will go down slightly.

Assuming you will still work in NYC, you will have to pay NY taxes on the money you earned. NJ will give you a credit for those taxes paid which should completely offset any NJ tax liability.

Since you no longer live in NYC, you will not have to pay NYC taxes.

Given these facts, you can tell your employer about your move, but it should not affect your tax withholdings.

seekingadvice · May 2, 2005, 05:38 AM

Hi Atlanta TAx expert,
I was reading some post regarding tax treatment for a NJ residet working in NYC.
I happen to fall under the same category. I haven't filed the tax return but have applied for an

Extension.
Now I have few questionsand would appreciate your help -

1. I have filed form 4868. I have been told that one extension covers the extension for

States also. Is this right?

2 My employer has not withheld any tax for NJ state tax. I have lived in a rental aptt

Whole year in NJ . Am I eligible for any refund?My status is married filing jointly.

3 My employer had withheld less tax for federal income tax . So I filed for an extension on

Phone and sent the check for remaining portion on April 16th. The check hasn't been cleared yet
How can I check that the check actually reached IRS?

4 I have spent aroung $800 on fees for my wife certification. ( CPA certification... she is not familiar with the tax part till now.. so I am here!)
Will the fees paid to AICPA be deductible as educational expense?

5 Please suggest the course of action for filing tax return for all 3 states so that I can do it ASAP.

Thanks in advance

AtlantaTaxExpert · May 2, 2005, 06:59 AM

SeekingAdvice:

1) Probably; depends on the state. If you have a refund coming, then there is no practical conseqeunce for not filing an extension.

2) You are entitled to a FAIR Rebate Program refund; probably $50. When you file, attach a copy of the Form 4868 to the state return.

3) It has been just 16 days since you mailed the check. Give it another week. If it has not cleared by then, call the IRS. You can get a phone number from www.irs.gov.

4) Yes, if you itemize and can exceed the 2% Miscellaneous Deduction threshold.

5) Three states? You cited NJ and NY. What is the third state?

Suggest you e-mail me at [email protected] so we can discuss the details.