|
#3
| |||
| |||
| "Lesley" <grnbeanetr[at]prodigy.net> wrote: - quote - > I'm currently a student in Tennessee and also have been
Move back to Tennessee???> living and working there for the past year. Since Tennessee > has no state income tax, how to I avoid being taxed heavily > in the next tax year if my current permanent address is > still in Kentucky? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#2
| |||
| |||
| grnbeanetr[at]prodigy.net (Lesley) wrote: - quote - > I'm currently a student in Tennessee and also have been
Kentucky defines a resident for tax purposes to include all> living and working there for the past year. Since Tennessee > has no state income tax, how to I avoid being taxed heavily > in the next tax year if my current permanent address is > still in Kentucky? persons domiciled in the state, and makes no provision for a domiciliary to be a nonresident. Your domicile is your true, fixed home and permanent establishment; the place to which, whenever absent, you intend to return. Generally, in order to change your domicile, you must meet all of three requirements: (1) move away from the old domicile; (2) move to and reside in a new location; and (3) intend to remain in the new location permanently or indefinitely. If you are in Tennessee to complete a course of study over a fixed period of time, and you do not intend to make a permanent home there after you get your degree, then you will probably remain a Kentucky resident while you are attending school in Tennessee. As a result you will be subject to Kentucky income tax on all of your income, regardless of where you earn it. Katie in San Diego The foregoing is intended for educational purposes only and does not constitute legal or professional advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
| |||
| |||
| grnbeanetr[at]prodigy.net (Lesley) writes: - quote - > I'm currently a student in Tennessee and also have been
Become a resident of Tennessee. Driver's license, voter> living and working there for the past year. Since Tennessee > has no state income tax, how to I avoid being taxed heavily > in the next tax year if my current permanent address is > still in Kentucky? registration, group membership, etc. If you Google this group you'll find many discussions of this. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| Lesley wrote: - quote - > I'm currently a student in Tennessee and also have been
Move. Or possibly stay in TN during any break in classes,> living and working there for the past year. Since Tennessee > has no state income tax, how to I avoid being taxed heavily > in the next tax year if my current permanent address is > still in Kentucky? register to vote in TN, get a TN drivers license, etc., making your TN on-campus address other than a temporary address. Sorry not to have a more substantive answer, but I find it hard to believe that KY has a "heavy" tax burden. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| I'm currently a student in Tennessee and also have been living and working there for the past year. Since Tennessee has no state income tax, how to I avoid being taxed heavily in the next tax year if my current permanent address is still in Kentucky? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| kentucky, taxes |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| taxes Firedog: Can I download money tax oftware for prior years? Ex: 1999? | Microsoft Money | 3 | 03-27-2005 03:36 AM | |
| Pay Taxes over 75? Big-Dave: Hi, my mother will be 75 shortly and she works 5 days a week 4 hours a day @ 6.20 an hour. Her Social Security is about $500 a month and she gets a... | Taxes | 9 | 06-06-2004 08:04 AM | |
| taxes lpg: took early retirement last year. company sent stock certificate to me. had been buying for about 8 years. deposited stock cert. with financial... | Taxes | 1 | 02-16-2004 07:29 PM | |
| Business Taxes Webmaster: I started an online business early this year. I was told by someone that I do not need to worry about reporting taxes on the business until the... | Taxes | 12 | 09-12-2003 12:16 AM | |
| Thread Tools | |
| Display Modes | |
| |