Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-16-2015, 12:04 AM
Junior Member
 
Join Date: Apr 2015
Posts: 1
Estimated Taxes for New York

Hello:

I moved to New York in the middle of last year. I started working in Connecticut shortly thereafter. My employer only takes Connecticut taxes out of my paycheck and will not take out New York taxes.

I went to H&R Block this year to have my taxes prepared and ended up owing about $1500 in taxes to New York based on being here about five months. To avoid a similar situation in 2015, my tax guy told me to have an additional amount withheld from Connecticut. He did not mention estimated payments.

In fact, I just learned about estimated payments today and am slightly confused by the advice I received. Why would I withhold the additional amount from CT when that amount should be going toward estimated payments? Won't the tax professional's advice only cause me penalties and interest?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Credit for estimated taxes cmad Miscellaneous 1 12-10-2014 04:22 PM
Taxes for New York State LLC Mikerein555 Limited Liability Company 1 05-24-2012 08:53 PM
All employers in New York State (other than government agencies) are now required to provide each of their New York employees with an annual Notice under the New York State Wage Theft Prevention Act. TaxGuru New York 0 01-31-2012 04:42 PM
NJ schedule A, credit for taxes paid to New York nickG New Jersey 0 04-12-2010 12:33 PM
Estimated Taxes for new SB owner accountingwiz Estimated Taxes 2 09-19-2009 12:22 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.