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The majority of people only have to worry about filing one state tax return every year. However, if you have worked in more than one state this year, it may be necessary for you to complete tax return preparation for multiple locations. An accountant from Burch & Associates in Lincoln, NE, can help you with the process. Here are a few scenarios in which you may need to file more than one state tax return.

  • Relocating to a Different State During the Year: If you moved to a different state in the middle of the tax year, you are required to file two part-year state tax returns. You must divide up your income and deductions between the states you have lived in during the year. It can be complicated to determine what items should be filed under which return, so consult a tax professional for help. 
     
  • tax return preparationWorking Remotely: If you work from home, you only have to file and pay taxes in the state you live in. However, tax return preparation can become more complicated if you have to travel for work. You are required to file taxes in all the states you traveled to for work during the year in addition to the state you live in.
  • Owning Properties Outside of Your Resident State: Renting out properties is a great way to earn passive income. However, if they are located outside of the state you live and work in, you will have to file a state tax return in every state where you collect rental income. 

If you need assistance with tax return preparation, contact Burch & Associates at (402) 483-4791. They offer tax return filing, IRS letters, and audit representation. The accountants at this firm provide one-on-one tax consultations and will help you file your tax returns promptly.  If you want to learn more about their services, visit their website

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