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Subject Author Date
New York State tax question Paul S 02-16-2008
Posted by Paul S on February 16, 2008, 12:58 pm
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 I reside in the State of Florida. Outside of my 9 to 5, I am a licensed
professional boxer. During 2007, 1 of my fights was in Manhattan, New
York. I was paid a little over $7,000 for this fight. All of my
previous fights have been in Florida, and I complete a Schedule C to
attach to my 1040 for my US tax return. Since Florida has not State
income tax, I don't file locally.

I received the 1099 from the promoter in New York for what they paid me.
I did inculde that in my US 1040. Do I have to file a tax return for
the State of New York? What about a city tax? If I have to file a
return for New York, do I complete a schedule C with only those expenses
that were related to that 1 fight?

Thanks

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Posted by D.F. Manno on February 16, 2008, 4:57 pm
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> I reside in the State of Florida. Outside of my 9 to 5, I am a licensed
> professional boxer. During 2007, 1 of my fights was in Manhattan, New
> York. I was paid a little over $7,000 for this fight. All of my
> previous fights have been in Florida, and I complete a Schedule C to
> attach to my 1040 for my US tax return. Since Florida has not State
> income tax, I don't file locally.
>
> I received the 1099 from the promoter in New York for what they paid me.
> I did inculde that in my US 1040. Do I have to file a tax return for
> the State of New York? What about a city tax? If I have to file a
> return for New York, do I complete a schedule C with only those expenses
> that were related to that 1 fight?

Yes, you will have to file a New York state tax return. (I believe the
city tax is computed on the same form.)

I don't know enough about NY tax law to answer the second question.

--
D.F. Manno | dfmanno@mail.com
"They bury your dreams and dig up the worthless/Goodnight/God bless/And
kiss goodbye to the earth/The other side of summer"

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Katie on February 16, 2008, 9:48 pm
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> I reside in the State of Florida.  Outside of my 9 to 5, I am a licensed
> professional boxer.  During 2007, 1 of my fights was in Manhattan, New
> York.  I was paid a little over $7,000 for this fight.  All of my
> previous fights have been in Florida, and I complete a Schedule C to
> attach to my 1040 for my US tax return.  Since Florida has not State
> income tax, I don't file locally.
>
> I received the 1099 from the promoter in New York for what they paid me.
>   I did inculde that in my US 1040.  Do I have to file a tax return for
> the State of New York?  What about a city tax?  If I have to file a
> return for New York, do I complete a schedule C with only those expenses
> that were related to that 1 fight?
>


New York is still essentially a separate accounting state. You'll
file a nonresident NYS return, Form 203A. On Line 6 in the NY
column, enter the $7,000 minus the expenses of that event. You would
need to use an apportionment formula only if your records didn't allow
you to calculate the income and expenses from that event separately.
It may not be enough to generate a tax liability.

No New York City income tax since you are a nonresident. However, you
are subject to the NYC unincorporated business tax (UBT), and for that
purpose you are required to apportion your Schedule C income by a
three-factor formula rather than use separate accounting. The rate is
4% of the net income apportioned to NYC. See Form 202-NYC. You can
find the form on the New York City Department of Finance web site,
http://www.nyc.gov/html/dof/html/pdf/07pdf/nyc-202.pdf.

Katie in San Diego

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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