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i could use someones in put if any one has had any experiances close to this i am relocating to st croix my wife staying in new jersey
she has about two years till full retirement with pension and benifits for life she gets 4 weeks vacation a year i get two so we will get to see each
other every other month till she retires heres the question we are married filling jointly on taxes she will be working in newjersey i here how will this
affect how we pay taxes and remember i own home there and not selling will problely rent it out because we are only two miles from the beaches near wildwood nj
Posted : May 9, 2013 5:11 pm
You should try posting on the relocation forum instead.
Posted : May 9, 2013 6:18 pm
Welcome
After 6 months you are a resident. then just file your taxes to the IRB instead of the IRS. My SO is still a resident of America and files her taxes there. I live here and file my taxes here. Maybe the first year you should use a VI CPA to get you started.
Posted : May 9, 2013 7:30 pm
Topic starter
even though i will be living here i will always have income in newjersey atleast equall to my earnings here and checked with new jersey and irs they say as long as i own my home in newjersey and have income there i will have to file taxes there
Welcome
After 6 months you are a resident. then just file your taxes to the IRB instead of the IRS. My SO is still a resident of America and files her taxes there. I live here and file my taxes here. Maybe the first year you should use a VI CPA to get you started.
Posted : May 9, 2013 8:19 pm
Then why are you asking?
Posted : May 10, 2013 12:46 am
It is a little more complicated than "6 months residency," as you've probably learned by now. The high-tax states (NJ among them) will make you prove that you actually are not in residence there, and that means proving that you have not only established a "close connection" to the VI, but also relinquished close connections to the home state. For instance, if you voted or served on a jury in your home state in the past year, that's a negative. If you register to vote here, own property, register a car, get a VI driver's license (and give up your stateside one), that a positive. It's a judgment thing (and it could be decided by a judge in fact!). There are lots of little things that can trip you up. I HIGHLY recommend getting with a VI accountant who can advise you. Send me a private message and I'll refer you to the one who advised us . . .
Posted : May 10, 2013 1:25 am
Came from California last year, sold everything there.
I use this:
http://www.irs.gov/publications/p570/ch03.html#en_US_publink1000221340
I have always been of the mind set "That it's Best to Divest"
Good Luck
CD
Posted : May 10, 2013 12:16 pm
