Facebook faces crucial week after modest debutNEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who … More »Facebook faces crucial week after modest debut
NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of …
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billionSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese … More »Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least …
Wall Street Week Ahead: Market is oversold, but major signs say "sell"NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and … More »Wall Street Week Ahead: Market is oversold, but major signs say "sell"
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data …
Apple, Samsung CEOs set for court talksSAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when … More »Apple, Samsung CEOs set for court talks
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies …
Facebook shares could fall below IPO price: Barron's(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent … More »Facebook shares could fall below IPO price: Barron's
(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in the market by the …
- Euro zone row gets fat pay rise for German workers
BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the … More »Euro zone row gets fat pay rise for German workers
BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Germany's largest …
- Insight: China pays high price to spare state firm from bankruptcy
WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 … More »Insight: China pays high price to spare state firm from bankruptcy
WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. The bailout averted what would have been China's first ever bond default and was good news …
- Weaker euro zone nations need more support from core: UK
LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said … More »Weaker euro zone nations need more support from core: UK
LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe's 17-country single currency bloc is under threat from a political stalemate …
- China's Wen urges more support for growth
BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that … More »China's Wen urges more support for growth
BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter. "We should continue to implement a proactive …
Shares, euro steady but Greek worries weighLONDON (Reuters) - European shares took a breather from last week's sell-off and the single currency steadied on Monday, but investors were wary after a weekend meeting of Group of Eight leaders failed … More »Shares, euro steady but Greek worries weigh
LONDON (Reuters) - European shares took a breather from last week's sell-off and the single currency steadied on Monday, but investors were wary after a weekend meeting of Group of Eight leaders failed to ease concerns about the risk of Greece exiting the euro. The FTSE Eurofirst index of top European shares edged up 0.2 …
G8 growth talk leaves wary markets awaiting action(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial … More »G8 growth talk leaves wary markets awaiting action
(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", …
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, … More »Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their …
- Australia to seal trade deal with Malaysia
CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. … More »Australia to seal trade deal with Malaysia
CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. Australia is still negotiating free trade deals with South Korea, Japan and China, with progress in reaching agreement …
Opel CEO faces workers over possible plant closureFRANKFURT, Germany (Reuters) - The head of General Motors unit Opel sought to allay workers' fears that the automaker plans to shut one of its four German plants as it pulls production of the Astra, its … More »Opel CEO faces workers over possible plant closure
FRANKFURT, Germany (Reuters) - The head of General Motors unit Opel sought to allay workers' fears that the automaker plans to shut one of its four German plants as it pulls production of the Astra, its best-selling model, from the country. Opel Chief Executive Karl-Friedrich Stracke is under pressure from GM to end heavy …
Qantas to cut another 500 maintenance jobsMELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel … More »Qantas to cut another 500 maintenance jobs
MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said …
Question
Live in California full time, paid from company in Ohio. Where do I pay state income taxes?
I live in California full time but do some part time work for a company based in Ohio. I never travel to Ohio, all the work is done via the Internet.
Am I responsible for State Income Tax in both states? Just California? Or just Ohio? I
Best Answer
Chosen by Asker
Many companies are headquartered in states unlike in which you reside or live. The company in Ohio is responsible to withhold California State Income Taxes. Your W-2
should reflect CA state withholding. If there is Ohio withholding on your W-2 while you were a full-time resident in California, the company made a mistake. They are only required to withhold if you were physically working in that state.
If you worked entirely in CA, and you have Ohio withholding, report as a Resident of California, and as a Non-Resident in Ohio. Make sure you answer all of the questions on the Ohio return that you were physically not in the state. All of your withholding will be refunded to you.
If you worked on a 1099 basis (no withholding), only file in the state in which you live,
California, as a Full-Time Resident. You may have to prove your Residency to the State of Ohio, if you do indeed get a letter from them. Once you have proved your Residency in the State of California, Ohio will drop the matter.
Other Answers
Probably just California, but you need to contact the Franchise Tax Board (www.ftb.ca.gov for CA) and ask them.
by WhiskeyGuy - 5 years agoYour W-2 should show CA tax, not Ohio. If it shows Ohio it is wrong and you need to get it fixed. We have see this at times on our client's W-2s.
You are responsible for the state taxes in your home state. It doesn't matter that the company is located in Ohio.
Good luck from a fellow Californian!
Both places. You have to file a federal return. Then a California resident return. Then an Ohio non-resident return. Have fun!
by smartblonde - 5 years agoYou pay tax where you produce your income. In this case it seems to me that you will have to pay State Taxes in California.
by publiof - 5 years agoYou are responsible for taxes in the state in which the work is performed. If you were in California when the services were performed, you are liable for California taxes regardless of the state of your firm.
by Austin - 5 years ago
