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  #10  
Old 04-19-2004, 06:48 PM
Don Priebe
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Posts: n/a
Default Re: Survey for Tax Preparers

New York optionally allows the full federal itemized
deduction less NY state income taxes. But our standard
deduction is high enough ($14,600 MFJ) than many taxpayers
end up with an itemized federal return and a standard
deduction on their state return.

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  #9  
Old 04-18-2004, 04:13 PM
Mark Rigotti, CPA
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Default Re: Survey for Tax Preparers

"Bob B" <bobabrown[at]comcast.net> wrote:
- quote -

> cooper06[at]yahoo.com (Michael Cooper) wrote:

> > If you are wandering around this group on the 14th, you're
> > my kinda tax preparer.
> > > Taking a quick survey as it regards to pending bill in

> > Missouri Senate.
> > > The question is:
> > > Can a non-resident in your state take a deduction for

> > property taxes paid in another state?
> > > I'd like your answer Yes/No:

> > Your state:
> > Relative Tax Rate by Percentage:
> > > Thanks!
> > > (explanation below if you are interested)
> > > Missouri uses the federal total itemized deduction and then

> > adds back a couple of other items less state tax to come up
> > with a taxable income to tax at 6%. The only two major
> > cities in Missouri are Saint Louis and Kansas City. Both
> > are on borders and both draw in workers from Illinois and
> > Kansas respectively. The proposal is to make non-residents
> > only add back in their property tax and tax that at 6% too.
> > Me thinks this is a way of raising funds while only
> > irritating non-voting members of the tax base! Feel free to
> > offer your opinion.


> In Connecticut, itemized expenses are not used for residents
> or non-residents. A small credit for local property tax is
> given to residents, but it is $350 or less.


Michigan is an AGI state and therefore has no deductions per say.

--
Regards,

Mark Rigotti

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  #8  
Old 04-18-2004, 04:13 PM
Phil Marti
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Posts: n/a
Default Re: Survey for Tax Preparers

Bob B <bobabrown[at]comcast.net> writes:

- quote -

> In Connecticut, itemized expenses are not used for residents
> or non-residents.


This prompted me to remember that Illinois doesn't have
itemized deductions.

Phil Marti
Topeka, KS

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  #7  
Old 04-15-2004, 06:55 AM
Bob B
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Posts: n/a
Default Re: Survey for Tax Preparers

cooper06[at]yahoo.com (Michael Cooper) wrote:

- quote -

> If you are wandering around this group on the 14th, you're
> my kinda tax preparer.
> Taking a quick survey as it regards to pending bill in
> Missouri Senate.
> The question is:
> Can a non-resident in your state take a deduction for
> property taxes paid in another state?
> I'd like your answer Yes/No:
> Your state:
> Relative Tax Rate by Percentage:
> Thanks!
> (explanation below if you are interested)
> Missouri uses the federal total itemized deduction and then
> adds back a couple of other items less state tax to come up
> with a taxable income to tax at 6%. The only two major
> cities in Missouri are Saint Louis and Kansas City. Both
> are on borders and both draw in workers from Illinois and
> Kansas respectively. The proposal is to make non-residents
> only add back in their property tax and tax that at 6% too.
> Me thinks this is a way of raising funds while only
> irritating non-voting members of the tax base! Feel free to
> offer your opinion.


In Connecticut, itemized expenses are not used for residents
or non-residents. A small credit for local property tax is
given to residents, but it is $350 or less.

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  #6  
Old 04-15-2004, 06:36 AM
Sassy Baskets
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Posts: n/a
Default Re: Survey for Tax Preparers

- quote -

> Can a non-resident in your state take a deduction for
> property taxes paid in another state?
> I'd like your answer Yes/No:


Yes

- quote -

> Your state:

Iowa

- quote -

> Relative Tax Rate by Percentage:

I'm not sure what you mean by "relative". Iowa has a
progressive tax rate ranging from 0.36% to 8.98%; taxpayers
with AGI of less than $9,000 (single) or $13,500 (other
filing statuses) are exempt from tax.

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  #5  
Old 04-15-2004, 06:17 AM
D.F. Manno
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Posts: n/a
Default Re: Survey for Tax Preparers

mcooper06[at]yahoo.com (Michael Cooper) wrote:

- quote -

> If you are wandering around this group on the 14th, you're
> my kinda tax preparer.
> Taking a quick survey as it regards to pending bill in
> Missouri Senate.
> The question is:
> Can a non-resident in your state take a deduction for
> property taxes paid in another state?
> I'd like your answer Yes/No:
> Your state:
> Relative Tax Rate by Percentage:


No: Pennsylvania

(Property taxes are not deductible by _any_ taxpayer in Pa.
unless paid on business or rental property.)

--
D.F. Manno
dommanno[at]netscape.net
"They that can give up essential liberty to obtain a little
temporary safety deserve neither liberty nor safety."
(Benjamin Franklin)

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  #4  
Old 04-15-2004, 05:58 AM
Arthur L. Rubin
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Posts: n/a
Default Re: Survey for Tax Preparers

(mailed and posted)

Michael Cooper wrote:

- quote -

> Can a non-resident in your state take a deduction for
> property taxes paid in another state?
> I'd like your answer Yes/No: Maybe*, No*
> Your state: California, Arizona.


* Both states copy it from the Federal schedule A,
but allow it in different ways on the state
schedule A-equivalent.

California (essentially) allocates itemized deductions
according to the fraction of Californa-source income.
So the correct answer is "it doesn't matter whether
it's a California property or not". If it's a
rental property, then the answer would be "No".

Arizona recalculates the itemized deductions to be
only those which are incurred (or paid -- it wasn't
clear) when you are a resident or are related to
Arizona-source income.

However -- it's still deducted for "Federal taxable
income recalculated for Arizona purposes", but not
for "Arizona taxable income".

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  #3  
Old 04-15-2004, 05:58 AM
Frederick Jorden
Guest
 
Posts: n/a
Default Re: Survey for Tax Preparers

Michael Cooper wrote:

- quote -

> If you are wandering around this group on the 14th, you're
> my kinda tax preparer.
> Taking a quick survey as it regards to pending bill in
> Missouri Senate.
> The question is:
> Can a non-resident in your state take a deduction for
> property taxes paid in another state?
> I'd like your answer Yes/No:
> Your state:
> Relative Tax Rate by Percentage:
> Thanks!
> (explanation below if you are interested)
> Missouri uses the federal total itemized deduction and then
> adds back a couple of other items less state tax to come up
> with a taxable income to tax at 6%. The only two major
> cities in Missouri are Saint Louis and Kansas City. Both
> are on borders and both draw in workers from Illinois and
> Kansas respectively. The proposal is to make non-residents
> only add back in their property tax and tax that at 6% too.
> Me thinks this is a way of raising funds while only
> irritating non-voting members of the tax base! Feel free to
> offer your opinion.


This smells like an end around attempt to avoid the equal
protection provisions of the Constitution that eventually
will fail.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

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  #2  
Old 04-15-2004, 05:38 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: Survey for Tax Preparers

mcooper06[at]yahoo.com (Michael Cooper) writes:

- quote -

> Can a non-resident in your state take a deduction for
> property taxes paid in another state?


Yes. The only adjustment to Federal itemized deductions is
state/local income tax.

- quote -

> I'd like your answer Yes/No:
> Your state:


Kansas

- quote -

> Relative Tax Rate by Percentage:

Not sure what you're looking for here. The rates are
progressive: 3.5% 6.25% and 6.45%.

Phil Marti
Topeka, KS

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  #1  
Old 04-15-2004, 05:38 AM
Paul A Thomas
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Posts: n/a
Default Re: Survey for Tax Preparers

"Michael Cooper" <mcooper06[at]yahoo.com> wrote

- quote -

> Can a non-resident in your state take a deduction for
> property taxes paid in another state?


Yes, Georgia, 6%

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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Old 04-15-2004, 05:38 AM
Dick Adams
Guest
 
Posts: n/a
Default Re: Survey for Tax Preparers

Michael Cooper wrote:

- quote -

> Missouri uses the federal total itemized deduction and then
> adds back a couple of other items less state tax to come up
> with a taxable income to tax at 6%. The only two major
> cities in Missouri are Saint Louis and Kansas City. Both
> are on borders and both draw in workers from Illinois and
> Kansas respectively. The proposal is to make non-residents
> only add back in their property tax and tax that at 6% too.
> Me thinks this is a way of raising funds while only
> irritating non-voting members of the tax base! Feel free to
> offer your opinion.


My money says Missouri will lose in every federal court that
hears this case and that Willie and the Supremes will not be
bothered to hear Missouri's final appeal.

This is similar to Kal-e-forn-ya wanting to tax the satelites
in the sky.

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  #-1  
Old 04-14-2004, 08:41 AM
Michael Cooper
Guest
 
Posts: n/a
Default Survey for Tax Preparers

If you are wandering around this group on the 14th, you're
my kinda tax preparer.

Taking a quick survey as it regards to pending bill in
Missouri Senate.

The question is:

Can a non-resident in your state take a deduction for
property taxes paid in another state?

I'd like your answer Yes/No:
Your state:
Relative Tax Rate by Percentage:

Thanks!

(explanation below if you are interested)

Missouri uses the federal total itemized deduction and then
adds back a couple of other items less state tax to come up
with a taxable income to tax at 6%. The only two major
cities in Missouri are Saint Louis and Kansas City. Both
are on borders and both draw in workers from Illinois and
Kansas respectively. The proposal is to make non-residents
only add back in their property tax and tax that at 6% too.
Me thinks this is a way of raising funds while only
irritating non-voting members of the tax base! Feel free to
offer your opinion.

Mike.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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