Portal Forums Links Register FAQ Community Calendar Log in

Join Early Retirement Today
Reply
 
Thread Tools Display Modes
MA non resident tax issues
Old 12-15-2011, 10:30 AM   #1
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,872
MA non resident tax issues

Are there any past MA residents out there with income from IRAs, 403b, 457 or the MA state pension? If so, as a nonresident of MA do you file a nonresident tax form? MA does not tax the income of nonresidents derived form qualified retirement accounts due to work in MA, so I'd be tempted to not file at all....but make sure MA tax folks knew I have moved out of state.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-15-2011, 10:37 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ziggy29's Avatar
 
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
Quote:
Originally Posted by nun View Post
MA does not tax the income of nonresidents derived form qualified retirement accounts due to work in MA, so I'd be tempted to not file at all....
Can they even do this? I remember for a few years California was trying to do this -- tax pension income earned from working in CA, even for nonresidents. As I recall the federal courts smacked them down for it.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline   Reply With Quote
Old 12-15-2011, 10:54 AM   #3
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,872
Quote:
Originally Posted by ziggy29 View Post
Can they even do this? I remember for a few years California was trying to do this -- tax pension income earned from working in CA, even for nonresidents. As I recall the federal courts smacked them down for it.
403b, 457 etc income is US and MA taxable to residents as the contributions were made US and MA tax deferred ....but it's not MA taxable to nonresidents....MA state pension is not MA taxable as contributions were made after MA tax was paid. I'm just wondering if I even have to file the MA nonresident tax form.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Old 12-19-2011, 07:47 AM   #4
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,872
I got a very prompt answer to my questions from MA DOR. Basically income from my retirement plans is not taxable in MA if I'm non-resident so i don't need to file a tax return with them.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Is There a Way to Minimize my Federal and State Income Tax Liability? nico08 FIRE and Money 13 10-25-2011 08:13 PM
9-9-9 tax plan: Good for ER types? samclem FIRE Related Public Policy 73 10-07-2011 02:28 PM
Taxes and dual residence? Midpack Other topics 15 09-14-2011 05:48 PM

» Quick Links

 
All times are GMT -6. The time now is 05:24 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.