State Taxation of Foreign Income
state requirements for reporting foreign income
When you first move abroad, you are most likely moving from some state in the U.S. that considers you a resident to your overseas location. If you lived in a state that assesses income taxes you will need to know if you have an obligation to continue to file returns. Each state has its own peculiar set of rules to determine this, while most consider domicile (being a resident at that place and intend to remain there for an indefinite period of time) and residence (you can have a residence in more than one place, and you can be resident in a place without being domiciled there).
The question you will have is to whether you must continue to pay income tax to that state.
The answer depends on several factors to consider...
Contact me (Nick) and tell me about your situation and I will get your taxes squared away.
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➤ locations served
Available for all taxpayers in every state and all Expatriates living abroad.
CONTACT NICHOLAS HARTNEY, EA
Areas of Practice
expat tax preparation
Foreign earned income and housing exclusions for both federal and state income tax returns. Foreign bank account reporting (FBARs), Statement of Specified Foreign Financial Assets, Tax Treaties, Application for IRS Individual Taxpayer Identification Number,etc.
business tax debt representation
We will file a power of attorney with the IRS and State Taxing Authority to negotiate a hold on all enforcement action such as bank and account receivable levies while we work on an appropriate resolution including Installment Agreements, Company Restructuring, Penalty Abatements, Offer in Compromises, and Currently Not Collectible Status. We will also advise you if bankruptcy is an option.
irs and state tax debt representation
We will file a power of attorney with the IRS and State Taxing Authorities to negotiate an appropriate resolution for back tax debt including Installment Agreements, Penalty Abatements, Offer in Compromises, Innocent Spouse Requests, and Currently Not Collectible Status. We will also advise you if bankruptcy is a option.
new business entity formation
We will educate you of the pros and cons of organizing an Limited Liability Company versus a Corporation, S-Corp., Limited Partnership, etc. and assist in the formation of the entity of your choosing.
previous years tax returns
We will prepare your previous years tax returns to bring you back into compliance with the IRS and State.
business tax return preparation
Whether you have a sole proprietorship with a Schedule C or a 1120 Corporate return we will prepare any business return.
Use the form below to contact us regarding your legal enquiry. Please be as detailed as possible. Include your industry along with any specific document requests. To help us best service your enquiry, we recommend that you first describe the issue you’re having before telling us what you want to achieve. You may also email or call us to make an appointment.
For job opportunities, please email us your resume. We’re always looking for new and exceptional talent to lead the firm into uncharted fields of practice.