I got my W2 today from my employer (employer based in a third tax-free state) and I had (almost) my full income reported in box 16 of my W2 for two separate states.
I moved from NYC to NJ as of Jan 1 2016. My payroll wasn't updated for that first week so on my W4 I have NYC and NYS taxes withheld for my first week of income (paid weekly).
So my W2 now has two sets of reporting for both NY and NJ and using hypothetical numbers reads something like "total federal income $150K" "NYC reportable income $2,500" "NJ reportable income $147,500" and NYS reportable income of "$150,000" on a second set of W2 receipts.
I lived in NJ for 100% of the year and other than the first week where NYC & NYS taxes were withheld, all state taxes were withheld in NJ. As this reads I'm extremely concerned that in the eyes of NYS I have taxable income of $150K that I haven't paid anything towards.
Obviously Im mainly concerned at this potentially huge tax liability in NYS. My NJ state income is also now under-reported by that one week that was allocated to NJ - for some reason that was properly pro-rated according to the data ADP had, as was NYC, but NYS reported my full federal income.
How, if in any way, would I handle this when filing my taxes to indicate to NYS I should not owe any state taxes? Do I file for both New York and New Jersey? Is one a resident return and one a non-resident? Should I increase my taxable NJ income for all 52 weeks even though it is reported on my W2 as being for only 51 weeks?
As an aside, NYC is one of the few municipalities that requires you to file a form that you are no longer a resident for tax purposes, and I did so at the end of last year with my 2015 taxes stating I was moving as of Dec. 31, but that was for the city not state. Thanks so much for any help - I'm quite concerned and any help would be appreciated.
(x-post from r/tax)
Submitted January 08, 2017 at 11:50AM by pivoprosim48 http://ift.tt/2iWHpqa
