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I live in NYC, and have a business in NYC. Id like to avoid the NYC 3L. If i move my business to nassau county and live in NY do i still pay the nyc 3L? If so is it avoided if business move and I move to nassau as well? Is there any way to avoid this un fair tax?
Thanks for your question, and thanks for using JustAnswer.com
Is your business a separate entity from yourself? That is, do you own a corporation or LLC ...something like that?
its a LLC
NYC3L is a NYC corp tax that NYC makes us pay
Okay, if it is a separate legal entity (not a sole proprietorship) then you can avoid the tax by moving the business itself
yes, it is ... but if your corp is not in NYC then you would not have to pay it, even if you as an individual still lived there.
Would i have to move as well? my last accountant said i would have move also. wanted to confirm
ok. thank you for your assistance
Are you taxed as a sole proprietorship?
no. as a S corp
That is...do you file a separate corporate tax return for federal and state purposes, or is it located on your schedule c?
If i was to make this change now. can i avoid it for 2013, so just for 2014
Ok.Thank you for that information. Our messages crossed paths.
You would avoid it as of the change...so the first part of 2013 you would have to pay it
k. thank you. Excellent service.
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are you an accountant in NY?
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yes i will of course
I am not in NY, but am familiar with the various state taxes.
im looking for a new accountant, this is why i ask
and city, in the case of NYC
No, I don't take on private clients from JustAnswer anyways, because it's prohibited by the site
We can't use this as a method to find new clients, unfortunately