Search found 19 matches

by docjok
Fri Feb 09, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

Thanks everyone for your contributions. Bogleheads is one of the few places on the internet where you can get smart people giving useful information and having useful discussions on a consistent basis...must be all the math and stuff. Quite interesting to see how complicated this tax situation thing...
by docjok
Thu Feb 08, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

My read is that there is no advisable way for you to avoid NYS and NYC taxes. Sorry! There are legal ways to avoid SOME NY taxes. Join the military :happy is one. Living in CT or NJ is another, though not much better. If one were to commute in to Manhattan anyway from any direction, why not go out ...
by docjok
Wed Feb 07, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by docjok
Wed Feb 07, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

As such, I do believe I would formally remain a resident of my current state although I have no intention of retaining a domicile there or returning to that state either. Under these circumstances, would I be considered a NYC resident for taxation purposes? Or could I pay taxes as though I'm a resi...
by docjok
Wed Feb 07, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by docjok
Tue Feb 06, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

After reviewing some of the tax documents suggested, having taken into account all that's been said, it does seem pretty clear that NY considers one's state of domicile to have changed not when one leaves the state but when one "established a new domicile" in another state. Domicile is vaguely descr...
by docjok
Tue Feb 06, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

Docjok, where do you intend to live permanently after working in NYC for a year? Unsure at this point as I have yet to begin seriously searching for jobs. I am positive I will not be returning to my current state and it would take an act of God to get me to settle in New York. I'm also not likely t...
by docjok
Tue Feb 06, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

I know the answer definitively. You will file as a part year resident for the time you live there. You will then file for the other 8 months in your current state. It can be confusing because of the 183 day per year determination for state of residency when somebody lives in 2 states but this is en...
by docjok
Tue Feb 06, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

Sorry doc, for reasons already mentioned your employer will withhold NYS and NYC taxes before you get paid. Then when you file your non-resident IT-201 form you get to find out if a refund is warranted. The premise behind taxation is while you are in the boundaries of NYS/NYC you will be using gove...
by docjok
Tue Feb 06, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

When you say "qualifying for a lease" a you referring merely to income requirements or are you make a distinction between leasing and subletting? Previous poster says that the type of rental is irrelevant. I was referring to financial qualification and the trouble of finding an apartment to rent. (...
by docjok
Tue Feb 06, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

Sorry doc, for reasons already mentioned your employer will withhold NYS and NYC taxes before you get paid. Then when you file your non-resident IT-201 form you get to find out if a refund is warranted. The premise behind taxation is while you are in the boundaries of NYS/NYC you will be using gove...
by docjok
Tue Feb 06, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

I have no intention of formally become a NY State resident and do not believe I would even be eligible given that 1 year of residing in the state is required before transferring State of Residence to NY as far as I can tell. As such, I do believe I would formally remain a resident of my current sta...
by docjok
Tue Feb 06, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by docjok
Mon Feb 05, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3897

NYC Taxes for Surgical Resident

Hi I'll be moving to NYC for just a year to complete my training as a surgeon. I'm very curious about the NYC tax rules and wondering if I would be exempt from paying the state & city tax. I will be there for 4 months this year and 8 months next year total. The first 4 months of this will obviously ...
by docjok
Fri Apr 21, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3632

Re: What To Do With My Car While in NYC

This is very helpful.

It seems like there are too many potential pitfalls from what everyone is saying. I love that car like a pet dog, she was my first and I'll never forget her.... But things have changed so it looks like I'll be selling.
by docjok
Fri Apr 21, 2017 3:17 am
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3632

Re: What To Do With My Car While in NYC

Just a little scenario..... ...During installation, they find that the mice made it behind the dash and stripped all the wires out. Another $3000 to replace everything... Low-life crackhead mice selling copper for scrap. All too common. Yes, I've seen many a rat scurrying through the NYC subways wi...
by docjok
Thu Apr 20, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3632

Re: What To Do With My Car While in NYC

Right, I'll def need a car again after the year regardless of whether or not I continue to stay in NYC after the year. It's a nice midsize sedan, I can't imagine requiring something different. I'm not behind on payments or anything. I am almost finished paying on it and would hate to sell it just to...
by docjok
Thu Apr 20, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3632

What To Do With My Car While in NYC

Hi,

I'll be in NYC for 1 year and will need to get rid of my car temporarily. Problem is I'm still paying on it.

Is there any way I can get so one to take the car and make the payments then get it back after a year?

Thanks
by docjok
Fri Apr 07, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Retirement Plan Funds to Pay for NYC Apt
Replies: 3
Views: 781

Retirement Plan Funds to Pay for NYC Apt

Hi, I'm a physician resident who will be moving to NYC next year to complete my training. Currently I"m working in Illinois and instead of paying into social security I'm paying into an state employer based retirement plan. By the time I leave I'll have the option to cash out on it, it'll be about $...