Comments on: Do you still get personal tax in CA even if you have an S Corporation runing and earning money in Nevada? http://www.moneysnatchers.com/corporations/do-you-still-get-personal-tax-in-ca-even-if-you-have-an-s-corporation-runing-and-earning-money-in-nevada/ Thu, 10 Dec 2009 09:16:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: glindatax http://www.moneysnatchers.com/corporations/do-you-still-get-personal-tax-in-ca-even-if-you-have-an-s-corporation-runing-and-earning-money-in-nevada/#comment-103 glindatax Fri, 22 May 2009 14:08:17 +0000 http://www.moneysnatchers.com/corporations/do-you-still-get-personal-tax-in-ca-even-if-you-have-an-s-corporation-runing-and-earning-money-in-nevada/#comment-103 Each state (that has income tax) wants to tax all income earned by its residents. If you earn income in one state, but live in another, your home state will generally give you a credit for taxes paid in the other state. Since you are paying no taxes in NV, there is no credit, and CA will want you to pay tax to them on your NV income. CPAGreg - glindatax.com Each state (that has income tax) wants to tax all income earned by its residents. If you earn income in one state, but live in another, your home state will generally give you a credit for taxes paid in the other state. Since you are paying no taxes in NV, there is no credit, and CA will want you to pay tax to them on your NV income.

CPAGreg – glindatax.com

]]>