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Old 12-21-2012, 06:15 PM
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NJ resident with business in NYC confused

I looked at a FedEx Ground route today that is based in the Bronx.

The route services Mt. Vernon and Yonkers NY.

I am wondering what my tax liability would be on $100,000 a year income.

____________________

I do not know if it is better to form an S-corp in NY or NJ. (FedEx does not allow LLCs).

I do not know if I would be responsible for NYC taxes since the terminal is in the Bronx.

I do not know if I would be responsible for the MTA tax due to Westchester County.

I do not know if I would be responsible for the Yonkers tax, since some of the stops occur within its limits.

Ultimately I'd like to know which taxes I would be responsible for and add what percentages given a $100,000 annual income.

Thanks in advance



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