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Old 08-24-2017, 05:32 PM
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Insurance producer moving from CA to TX

I'm fleeing CA to TX. I have a book of business built in CA...and intend to return to CA every year to maintain that book and write more business as a non-resident producer. I'm trying to find out how I will be taxed. Are taxes paid at the rate of whatever state the consumer lives in? Or does the domicile state of the producer make a difference? Wondering if I am stuck paying CA taxes!



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Old 08-24-2017, 07:58 PM
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I'm fleeing CA to TX. I have a book of business built in CA...and intend to return to CA every year to maintain that book and write more business as a non-resident producer. I'm trying to find out how I will be taxed. Are taxes paid at the rate of whatever state the consumer lives in? ======>>you as a non resident of CA, need to pay taxes to CA only on income from CA sources A nonresident?s income from CA sources includes income from a business, trade, or profession carried on in CA. If the nonresident?s business, trade, or profession is carried on both within and outside CA and the part outside CA is separate and distinct from the part within CA, only income from the part conducted within CA is CA source income. In the year when you move to TA from CA, you ?ll be taxed on all income received while a resident and only on income from CA sources while a nonresident.For reference, A part-year resident is any individual who is a CA resident for part of the year and a nonresident for part of the year.


Or does the domicile state of the producer make a difference? Wondering if I am stuck paying CA taxes!======>>as mentioned above, as a part year resident of CA, you need to pay tax to CA only on CA source and other state source income (if you have), however, once you become a non resident of CA then youneed to pay taxes to CA only on CA source income



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Old 08-25-2017, 01:09 PM
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Thank you so much for taking the time to clarify that! Much appreciated.



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Old 08-25-2017, 06:55 PM
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Originally Posted by Snix View Post
Thank you so much for taking the time to clarify that! Much appreciated.
good luck~~



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