Forum Discussion
monkey44
Aug 04, 2013Nomad II
rockportrocket wrote:
My choice of words were maybe wrong. The state of Ga TAXES you as a resident if you have income in their state. How can you or they explain that I had to pay taxes on all income that came into my hands, while I was a resident of Tx, and an owner of a corp?
While there as a transient I drew money from a 401K that I earned in Texas. It was a loan to buy a new fifth wheel.
Their answer: If money comes into the state, they want their tax whether you LIVE there or not. You may say what you want, but what happened , happened and I paid. PERIOD.
IT sound more to me like you were unaware of the state laws regarding income, employment. or the manner in which you withdrew the 401K ... not sure of all the details, but for example, if you withdrew from the 401K and bought that 5er while there and employed, they taxed you for completing that transaction in Georgia ... that's completely different than 'becoming a resident' just because you worked there.
If you are a Texas corporation working in Georgia, than you'd have to pay taxes, just like anyone else in Georgia ... the only issue I questioned was the statement, making money in Georgia makes you a resident of Georgia, and that's not true.
I believe all of us should be aware of tax consequences if we do business in another state than our residential state. I fell victim to that once in Connecticut - did a building project there and was 'residence out-of-state', and got killed on the taxes too ... although it was due to my ignorance of the tax method on my project, not because I lived there, or claimed residence.
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