Lincoln, Nebraska
8101 S 15th St. Suite B
Lincoln, NE 68512
(402) 483-4791

A Guide to Tax Return Preparation in Multiple States December 29, 2017

Lincoln, Lancaster
A Guide to Tax Return Preparation in Multiple States, Lincoln, Nebraska

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

Other Announcements, Events and Deals from Burch & Associates, Inc.
Are You Self-Employed? Take Advantage of These Tax Deductions With the Help of Your Accountant, Lincoln, Nebraska
If you have a considerable amount of experience in a particular industry, working as a consultant will be more lucrative than working for a company. This makes branching out on your ...read more
3 Ways Tax Reform Impacts Individuals & Business Owners, Lincoln, Nebraska
Late last year, Congress passed a sweeping overhaul of the tax system, with provisions that will affect almost every taxpayer. Now that you’ve got your 2017 tax return preparation ou...read more
3 Steps to Fix Mistakes Made on Your Tax Return Preparation , Lincoln, Nebraska
For many people, tax season is one of the most dreaded times of the year. It can be stressful waiting to find out if you’ll end up owing the IRS or getting money back. In either case...read more
4 Reasons to Use an Enrolled Agent Instead of Online Tax Software, Lincoln, Nebraska
Advanced software has made tax return preparation easier than ever. However, while these options may be adequate for filers with a single employer who takes the standard deduction, t...read more