My bank got bought out, am I now going to have to start filing tax returns in a different state? ...
How do I check if a string is entirely made of the same substring?
How to keep bees out of canned beverages?
Putting Ant-Man on house arrest
Why isn't everyone flabbergasted about Bran's "gift"?
SQL Query not selecting all points that it should?
Married in secret, can marital status in passport be changed at a later date?
FullSimplify a trigonometric expression doesn't work as expected
How to translate "red flag" into Spanish?
What do you call the part of a novel that is not dialog?
France's Public Holidays' Puzzle
Protagonist's race is hidden - should I reveal it?
Array Dynamic resize in heap
Password Security Length vs. Complexity
What is /etc/mtab in Linux?
The art of proof summarizing. Are there known rules, or is it a purely common sense matter?
Could moose/elk survive in the Amazon forest?
Multiple options vs single option UI
What *exactly* is electrical current, voltage, and resistance?
Change doc string summary of a function on the fly
Will I lose my paid in full property
Retract an already submitted recommendation letter (written for an undergrad student)
c++ diamond problem - How to call base method only once
Multiple fireplaces in an apartment building?
What is the best argument for maximum parsimony method in phylogenetic tree construction?
My bank got bought out, am I now going to have to start filing tax returns in a different state?
Announcing the arrival of Valued Associate #679: Cesar Manara
Unicorn Meta Zoo #1: Why another podcast?What banks work best with accounts in multiple states?Does getting a 1099 from another state count as working in another state if I was physically in my home state?K-1-P (or Equivalent) from Multiple StatesTax implications of receiving cash bonus from bank for a non-resident alienWhen filing for an NOL, do you have to file the amended previous years' returns after the NOL return?Tax implications for a child's savings accountIs income from bank account bonuses taxable on my state tax return?I hate the high taxes in NYC. Should I incorporate in or move to another state?Filing a tax return due to US bank interest for non-US personsDo US banks accept out-of-state applications for checking accounts?
.everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty,.everyoneloves__bot-mid-leaderboard:empty{ margin-bottom:0;
}
My bank just got bought by a bank in another state. Does this mean my interest earnings are going to get reported in that other state and potentially require me to file tax returns in the other state?
How is this problem handled by big banks with branches in many states?
united-states taxes banking
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
add a comment |
My bank just got bought by a bank in another state. Does this mean my interest earnings are going to get reported in that other state and potentially require me to file tax returns in the other state?
How is this problem handled by big banks with branches in many states?
united-states taxes banking
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
add a comment |
My bank just got bought by a bank in another state. Does this mean my interest earnings are going to get reported in that other state and potentially require me to file tax returns in the other state?
How is this problem handled by big banks with branches in many states?
united-states taxes banking
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
My bank just got bought by a bank in another state. Does this mean my interest earnings are going to get reported in that other state and potentially require me to file tax returns in the other state?
How is this problem handled by big banks with branches in many states?
united-states taxes banking
united-states taxes banking
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
asked 1 hour ago
Five BaggerFive Bagger
6,10521850
6,10521850
add a comment |
add a comment |
2 Answers
2
active
oldest
votes
No. You owe/pay taxes based on your residency. The physical location of the entity paying you isn't relevant whether it's earned income or interest income.
There are some exceptions to this on an international basis. And, some states are aggressive in their methods of establishing residency but most involve you being physically present in the state over some time period.
answered 43 mins ago
quidquid
39.4k875127
add a comment |
Banks anywhere in the US report the interest you earn in a 1099-INT. You then report this income in your federal return, and in your home state return, if your state requires you to file.
I believe what you're alluding to is when you earn wages in multiple states (which would come in a W2 form). Only then you might need to file reports in multiple states.
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "93"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f108166%2fmy-bank-got-bought-out-am-i-now-going-to-have-to-start-filing-tax-returns-in-a%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
No. You owe/pay taxes based on your residency. The physical location of the entity paying you isn't relevant whether it's earned income or interest income.
There are some exceptions to this on an international basis. And, some states are aggressive in their methods of establishing residency but most involve you being physically present in the state over some time period.
answered 43 mins ago
quidquid
39.4k875127
add a comment |
No. You owe/pay taxes based on your residency. The physical location of the entity paying you isn't relevant whether it's earned income or interest income.
There are some exceptions to this on an international basis. And, some states are aggressive in their methods of establishing residency but most involve you being physically present in the state over some time period.
answered 43 mins ago
quidquid
39.4k875127
add a comment |
No. You owe/pay taxes based on your residency. The physical location of the entity paying you isn't relevant whether it's earned income or interest income.
There are some exceptions to this on an international basis. And, some states are aggressive in their methods of establishing residency but most involve you being physically present in the state over some time period.
answered 43 mins ago
quidquid
39.4k875127
No. You owe/pay taxes based on your residency. The physical location of the entity paying you isn't relevant whether it's earned income or interest income.
There are some exceptions to this on an international basis. And, some states are aggressive in their methods of establishing residency but most involve you being physically present in the state over some time period.
answered 43 mins ago
quidquid
39.4k875127
answered 43 mins ago
quidquid
39.4k875127
answered 43 mins ago
quidquid
39.4k875127
answered 43 mins ago
quidquid
39.4k875127
39.4k875127
add a comment |
add a comment |
Banks anywhere in the US report the interest you earn in a 1099-INT. You then report this income in your federal return, and in your home state return, if your state requires you to file.
I believe what you're alluding to is when you earn wages in multiple states (which would come in a W2 form). Only then you might need to file reports in multiple states.
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
add a comment |
Banks anywhere in the US report the interest you earn in a 1099-INT. You then report this income in your federal return, and in your home state return, if your state requires you to file.
I believe what you're alluding to is when you earn wages in multiple states (which would come in a W2 form). Only then you might need to file reports in multiple states.
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
add a comment |
Banks anywhere in the US report the interest you earn in a 1099-INT. You then report this income in your federal return, and in your home state return, if your state requires you to file.
I believe what you're alluding to is when you earn wages in multiple states (which would come in a W2 form). Only then you might need to file reports in multiple states.
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
Banks anywhere in the US report the interest you earn in a 1099-INT. You then report this income in your federal return, and in your home state return, if your state requires you to file.
I believe what you're alluding to is when you earn wages in multiple states (which would come in a W2 form). Only then you might need to file reports in multiple states.
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
answered 43 mins ago
wide.writing.immediatelywide.writing.immediately
702411
702411
add a comment |
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f108166%2fmy-bank-got-bought-out-am-i-now-going-to-have-to-start-filing-tax-returns-in-a%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
