If thought out it doesn't have to be local. Does it matter if he visits a senior care facility in DeWitt or Houston. My point is that there are legitimate ways to mitigate the taxable issues.
Too good of a poster to go after people. And he is close lol
You have to intend to reside there. Doesn’t mean you won’t get taxed in the state in which you earn. Pro athletes have to pay city taxes in most cities in which the play road games.
Dave was a heck of a boxer not so sure about his legal skills
Where do you work?
As a student it's simple. You pay taxes based on your home state. The state were your permanent residence, Your driver's license ect.. is.
Sorry, misread your post.
That's exactly what I was going to say based on my experience working for different companies over the years remote.
You’re considered nonresident for tax purposes but would still have to file a return for the income earned while in NY. Now if you can claim it was earned elsewhere as you state….im sure you can try.
Omg, kill me now. How has this turned into a state income tax discussion. Good grief.
Students are different. It's why even though they spend more than 6 months living and going to school in a particular state they still have to pay out of state tuition unless they go to an in state school.
I was looking at it from the perspective of being an adult in the work force. You’re right about students. Not sure if earning big $$$ changed the view of the IRS.
I agree. My point is that if structured properly and legally our SU collectives could possibly reduce the taxable amount and make it more difficult for an individual to back out of their commitment/agreement.
Lampkin coming to Syracuse!
Pretty much sums up every post these days. I miss the forum of about 6 years ago...
I wouldn’t worry about the IRS. I’d worry about Governor Hochul. She’s gonna want Albany’s slice. Hope Kadary thought about that, being an NYC kid and going to the Johnnie’s.
Co-sign.
Oh brother lol
State tuition or not has no relation to this issue. If a student earns money in a state he is not a resident in they are liable for taxes in that state.
As I understand it, If all of your income is earned in work you do in other states and the income is claimed in this states and the tax rate in those states are equal or greater than your home state, you generally don’t have a tax liability in your home state. Depending on the terms of his NIL deal a player at a college in New York may or may not owe NY State income tax. It doesn’t matter where he plays his games since there is no pay for play.
