Taxes for Clubs with members in multiple states
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Taxes for Clubs with members in multiple states Since our club founding in 2010, all of our members have been residents of Massachusetts - at tax time we have simply filed federal and Massachusetts state tax forms. This year, we have a new member who's primary address is in Florida. How do we handle this situation? Do we need to file additional forms with Florida? Thanks in advance for your help! Fortunately for you and your club member, there is no Florida state income tax so there is nothing else for you to file. You will have to identify this member as a non-resident on your MA return. Ira Smilovitz On Tue, Feb 5, 2013 at 2:31 PM, Leonard J Delmolino <ldelmolino@comcast.net> wrote: Since our club founding in 2010, all of our members have Ira, thanks for the prompt response.
Len Delmolino Oak Point Investment Club, Middleboro, MA
From: "ira smilovitz" <ira.smilovitz@gmail.com> Fortunately for you and your club member, there is no Florida state income tax so there is nothing else for you to file. You will have to identify this member as a non-resident on your MA return.
Ira Smilovitz On Tue, Feb 5, 2013 at 2:31 PM, Leonard J Delmolino <ldelmolino@comcast.net> wrote: Since our club founding in 2010, all of our members have So, we have members in Florida (no problem, just identify),
Colorado and Alaska. Our club is in Washington State. Do we just
identify the Colorado and Alaska members also for being out of
state?
Thanks.
Amy Carlson From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of ira smilovitz Sent: Tuesday, February 05, 2013 12:20 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Taxes for Clubs with members in multiple states Fortunately for you and your club member, there is no Florida state
income tax so there is nothing else for you to file. You will have to identify
this member as a non-resident on your MA return.
Ira Smilovitz On Tue, Feb 5, 2013 at 2:31 PM, Leonard J Delmolino <ldelmolino@comcast.net> wrote: Since our club founding in 2010, all of our members have The IRS doesn't care where your members live. My previous response was directed at a club that is based in MA and has to file a MA state return. If you are based in WA, you don't have a state filing requirement. AK also has no state income tax so no partnership filing. CO does require partnerships to file a tax return, but only if they have CO-source income. Unless your club owns an interest in an MLP which has operations in CO, you don't have CO-source income. Ira Smilovitz On Tue, Feb 5, 2013 at 4:59 PM, Amy Carlson <amy.carlson@comcast.net> wrote:
Thanks so much
Amy From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of ira smilovitz Sent: Tuesday, February 05, 2013 2:26 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Taxes for Clubs with members in multiple states The IRS doesn't care where your members live.
My previous response was directed at a club that is based in MA and has to
file a MA state return. If you are based in WA, you don't have a state filing
requirement. AK also has no state income tax so no partnership filing. CO does
require partnerships to file a tax return, but only if they have CO-source
income. Unless your club owns an interest in an MLP which has operations in CO,
you don't have CO-source income.
Ira Smilovitz On Tue, Feb 5, 2013 at 4:59 PM, Amy Carlson <amy.carlson@comcast.net> wrote:
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