Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-13-2008, 12:40 PM
Junior Member
Join Date: Mar 2008
Posts: 1
Severance/Bonus Pay Received From Another State

I was laid off from my job in NY in October 2006. I moved to CA from NY in January 2007. I received severance pay and bonus pay in March 2007 that was related to my previous job in NYC. NY's state tax rate is 6%, CA is 9%. My accountant is saying I have to pay the difference b/c my previous employer only withheld 6% and when it was paid, I was a CA resident. Does this make sense? I would have thought since the severance and bonus was earned in NY and in 2006 before I moved, I would pay NY tax

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
Will My NY State C-Corporation have to pay any minimum tax if there are no Profits? katlee C-Corporation 1 03-13-2008 10:16 PM
How must I report a 1099-Div received from my Mutual Fund? Anered Capital Gains 1 03-11-2008 04:44 AM
Must I pay estimated taxes immediately after I receive a big bonus? Tanya Estimated Taxes 1 07-30-2007 03:21 PM
I haven' received my tax refund as of yet? Its been more than 6 wks what should I do? Tertard Income 1 05-27-2007 01:26 PM
I omitted some income from a 1099-Misc received in 2005, what should I do? awkan Miscellaneous 1 02-12-2007 07:51 PM

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

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