As Far As I Can Tell


1. Death 2. Taxes

I’ve spent entirely too much time working on my Taxes today. I have the program, I have all the paperwork, I have meticulous archives of every receipt and pay stub from 2002 — yet after 7 hours I’m still not ready to file.

It all comes down to being confused about living in two different states. I’ve worked entirely for Michigan companies but I’ve lived in Illinois for half of the year. Do you pay taxes based on where the money comes from on where you live? To make matters worse I have all sorts of different kinds of income such as regular wages, 1099-MISC income, dividends and interest. Each one seems to be handled differently in a multi-state situation.

I think I have it figured out that I need to file to both states as a partial resident. I’m guessing that each state gets to tax me on whatever money I made while living in their state. Does anyone know about this stuff? Has anyone else ever had a similar situation?

My other complication is I’m filling a Schedule C for the first time. Nearly all my money came from being self employed this year and I’m finding it makes this process much more complicated. On the upside I got to “write-off” my printer.

I’m going to Sturgis tomorrow to visit my grandparents and parents. I’m going to build a new moped hauler for my truck too. Sometimes I refer to my moped hauler as the “multi-purpose hauler”. It seems like it would be annoying when using the truck bed for anything other than mopeds, but that’s not the case. The groove let you wedge almost anything into place and the extra eyelets make it easy to strap things down securely. Everyone should have a multi-purpose hauler.

I’m also going through Kalamazoo to pick up a moped Dan is selling to Niti and see how the shop is coming along.


 

Comments

if you don’t find out your tax-related questions soon enough, let me know and i can pass them along to my dad (an accountant). he might know.

Posted by: miguel on March 13, 2003 7:05 PM

On the tax tip: you only have one residence. The state of residence gets the tax (Illinois) no matter where the money comes from. The companies that pay you out of state pay their own taxes. Hope this helps! BTW…how bout that get together? We are on Spring Break here so let us know. Love, Micah

Posted by: Micah on March 16, 2003 7:56 AM


As far as who can tell?


Chicago, IL

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