JustAnswer > Tax
Ask A Question|Register|Login|Help
JustAnswer

Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

4 Tax Professionals are Online Now
characters left:
Not a Tax Question?

Related Tax Topics:

  • Law
  • ,
  • Pay
  • ,
  • Tax
  • ,
  • Back
  • ,
  • Code
  • ,
  • File
  • ,
  • Live
  • ,
  • Line
  • ,
  • Paid
  • ,
  • Site
Bookmark and Share

Question

I'm a federal employee and I work inTexas but I live in New Mexico. Do I have to pay New Mexico Income taxes?

Submitted: 380 days and 18 hours ago.
Category: Tax
Value: $15
Status: CLOSED
+
Read More
380 days and 18 hours ago.

Reply

Las Cruses, New Mexico

Already Tried:
searching on line

Posted by Ed Johnson 380 days and 13 hours ago.

Answer

Dear smut,

 

Because NM and TX do not have recipricol tax agreements, then you will have to file a tax return this year in both states.

 

You would file a non-resident return in Texas first in order to get any refunds or pay any short falls. This is because Texas has first go at your Texas sourced earnings.

 

Then you file a return in NM because as a NM resident you must report world wide earnings. However, do not panic...you will be given credit for taxes paid to TX, and would only end up paying any additional taxes that are derived from differences in how NM and TX figure taxable income, or differences in the tax rates.

 

 

380 days and 8 hours ago.

Reply

Texas does not have a state income tax; hence the reason why we asked the question. Since our income is made in a state that does not have income tax, then why would we have to pay income tax when we live in New Mexico? (Live in Las Cruces, Work in El Paso). Obviously, this is something that is fixing to happen so we wanted to know in advance, and the person making the income in El paso, Texas is a Federal employee - Civilian. Thanks again, Smock

Accepted Answer

Dear smut,

 

Thanks for getting back to me. I had forgotton about that, yes you are right. There was an attempt to institute income tax there, but that failed, and in fact the Texas constitution forbids the passage of any income tax law. I apologize for that oversight.

 

I can not give you the logic behind the law. BUT, in all of the states that have an income tax law. I say again...ALL states that have an income tax law, require its residents (citizens) to report and pay taxes on world wide income; regardless of where it was earned. (this is refered to as a tax model) The exception is between states that have reciprical tax agreements, that allow its residents to choose to only pay tax in the state in which it is earned. Since Texas does not have an income tax, they would not have a recipricol agreement.

 

State Recipricol agreements (site information verified): http://www.payroll-taxes.com/articles/reciprocals.html

 

New Mexico Code requires Residents to report income from ALL Sources. (world wide income).

 

New Mexico Code Specifically states that emplyment on federal reservations and property or (federal sources) are not exempt.

 

the exception is certain treatment of active duty Military persons, who by federal law, may only be taxed in the state of thier home of record.

 

http://law.findlaw.com/state-laws/state-codes.html

 

http://www.conwaygreene.com/nmsu/lpext.dll?f=templates&fn=main-h.htm&2.0

 

 

Reference: http://www.tax.state.nm.us/forms/year07/2007pit1instrfinal.pdf

 

 

 

Picture
Expert: Ed Johnson
Pos. Feedback: 99.2 %
Accepts: 
Answered: 11/8/2008

Tax Preparer

GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee

+
Read More

Related Tax Questions

  • Are buyouts from companies Like GM and American Axle eligibl...
  • I am starting a golf servies company and have formed it as
  • what has happened to my economic stimulus payment check that
  • What are the implications of filing exempt for one pay perio...
  • i am a small company in new york , if i ship goods from new
  • MY DAD AND I ARE BOTH OWNERS OF A HOUSE TOGETHER. I PAY FOR
  • i am interesting to open account bank
  • If you rent an apartment, do you get to write it off on your



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.