Advice on Income Taxes for the "Virtual Office"
Silas asks: "I've been working for a website development firm in Indiana, but will soon be moving from Indiana to Ohio. From Ohio, I'll continue to work for that Indiana-based firm via phone, e-mail, and the occasional commute. I'm wondering what the implications are for income taxes - namely, am I living and working in Ohio, or am I living in Ohio and working in Indiana, or some weird mutation of those? Any advice from others working in similar 'virtual office' situations?"
"Some additional info is below for IANAL and IAAL readers alike:
- The firm is an LLC based in Richmond, Indiana. I'm moving to Cincinnati, Ohio.
- I am an owner/partner of the firm, so my taxes are paid as quarterly estimates instead of being drawn from each paycheck.
- I'm interested in legally minimizing the chunk of income that the gub'ment gets.
- I'm interested in keeping my tax return as simple as possible.
seriously, don't ask slashdot goons for tax advice. it's worth paying the 100 bucks or whatever to a tax firm to do your return for you, and tell you what information you need to keep track of for the next year.
http://www.in.gov/dor/assistance/index.html= default%5E20&10=TAX
https://ohiocrm.das.state.oh.us/tax/default.asp?2
It looks like Indiana and Ohio have some sort of recriprocal agreement on income taxes.
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