Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-07-2013, 12:43 PM
Junior Member
 
Join Date: Mar 2013
Posts: 2
Question Doing business in another state other than residence

We have a residence in Oregon and in calif ( where we now reside) we have a business license for ore/ wash. Business was done for the state of wash. What address do we use? Also does this need to be entered onto calif state taxes even though we only resided there? If we use the ore address, will we have to submit an Oregon state tax form?

Marginal



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
  #2 (permalink)  
Old 03-08-2013, 07:08 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
“We have a residence in Oregon and in calif ( where we now reside) we have a business license for ore/ wash. Business was done for the state of wash. What address do we use?”================Are you a full time resident of OR or CA???? You can’t be a full year resident for both CA and OR at the same time. For example, as long as you are a full year resident of OR then you must be a nonresident of CA(or part time resident of CA and OR if you moved into CA form OR during the year). Anyway, if your home state is OR, then you need to report your biz income that you earned in WA and OR to OR as there is no income tax in WA. If you are a full time resident of CA, then y need to report your biz income that you earned in OR/WA to CA; as long as you pay tax on biz income to OR then you can deduct it on your CA return as a full year resident of CA by claiming state tax credit. Mena as there is NO reciprocal agreement between OR and WA or CA , if you earn biz income in WA , then you need to repot it to OR as long as you are a full year resident of OR or CA as long as you are a full year resident of CA. If you are a full year resident of OR and nonresident of CA, then you do not need to report your biz income incurred in WA to CA but only to OR.
“ Also does this need to be entered onto calif state taxes even though we only resided there? If we use the ore address, will we have to submit an Oregon state tax form?”========No; ass said above UNLESS you are a full year resident of CA, you do not need to report your biz income that you earn in WA to CA.HOWEVER, as long as you are a full year resident of OR then you must report your biz income that you earn in WA to OR.



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
  #3 (permalink)  
Old 03-08-2013, 10:27 AM
Junior Member
 
Join Date: Mar 2013
Posts: 2
“We have a residence in Oregon and in calif ( where we now reside)

We have claimed residence in CA. As we visit OR only for several months a yr. so if I'm understanding you correctly, we should claim on CA state the income earned from the WA project. I really appreciate your quick response and time. Thank you.
Marginal



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
  #4 (permalink)  
Old 03-08-2013, 10:37 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
" , we should claim on CA state the income earned from the WA project."============Then as a full yr resident of CA, you need to report your biz income earned in WA ONLY to CA; as you are a Non-resident of OR , you do not need to report it to OR.



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
Reply


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
Sale of Non residence Bakergreek Capital Gains 1 01-21-2013 10:02 PM
Valid tax deductions: residence in one state, work full time in another state Joseph55 Itemized Deductions 1 11-12-2012 03:06 AM
What are the consequences of not dissolving a C Corporation in State of Delaware doing business in California prashantdesale C-Corporation 0 02-27-2010 12:42 AM
Business in one state, Home in another canzada Democrats 1 11-18-2008 11:41 PM
Tax Residence / Live in one state work in another / LLC tratata Limited Liability Company 1 11-09-2008 10:52 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.