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Only had to work 8hrs today 🙃
PwC just finished my final interview with pwc audit and it sounds like the partner was pitching why i should join over asking questions about me.
assuming i get the job (s1), he made it seem like everything is done for us with the AC and COE, if this is true, what do we do as seniors? project management? sorry but this seems kinda too good to be true since rn at kpmg there's always a lot on my plate so i wanted to see what y'all really do as seniors
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You would get a credit in NY for taxes paid to NJ. Form 112-R.
Yes
Thanks everyone!!
If you performed the services in NJ then yes.
Yes... you need to pay taxes on the amount of income sources in NJ... which is reported on your 1099
Wouldn’t that be double taxation? If I’m being taxed on it in NY and in NJ?
Depends on the filing threshold of NJ. Some states don't require a return until you have a certain amount of gross sales. At that point you would apportion the income to NJ and NY and avoid double tax (kind of).
Make sure you’re considering the UBT rules if applicable as well.
Did you simply sell goods into NJ or did you provide services? If you provided services, I believe NJ is a market state meaning you sources the income from those services to NJ. Either way, you have to fill out a tax return, even if the return is going to show no liabilty.