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If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes.The issue gained national attention in May, when Gov. Andrew Cuomo of New York said out-of-state health care workers who came to help with the pandemic would face New York income taxes.Cuomo’s comments generated outrage, but in fact, most states tax people who earn money within their borders, even if those people usually live and file tax returns elsewhere. Even a single day in some states can trigger a tax bill.Remote working could mean tax hasslesMultistate taxation has long been a headache for entertainers, athletes, professional speakers and others who earn money in more than one state. Snowbirds, retirees who move south for the winter, can face it as well. Now it could be a problem for many people who relocated, however temporarily, because of the pandemic.Nearly one in 10 young adults, those ages 18 to 29, said they had relocated because of the pandemic, according to a Pew Research Survey poll taken in early June. Overall, 3% of adults said they’d moved and 6% said someone else had moved into their households. Those who moved cited reducing their risk of infection (28%), college campuses closing (23%), wanting to be with family (20%) and job loss or other financial issues (18%).Changing attitudes about remote work mean that multistate taxation could be an issue for more people and companies in the future. Nearly half of the company leaders surveyed by research firm Gartner in June said they planned to let employees work remotely full time even after people can return to the workplace. Remote working allows people to move to more affordable areas, which could be in a different state. But having even a single employee in another state can raise business and sales taxes for their companies.A tangle of tax rulesFor individuals, double taxation, having to pay taxes in two or more states on the same income, is possible because state rules differ so widely. In most cases, though, the taxpayer’s home state will offer a credit for taxes paid in other states, says Eileen Sherr, senior manager for tax policy and advocacy for the Association of International Certified Professional Accountants.But there are scenarios where someone could end up paying more without technically being taxed twice, Sherr says. If the tax rate in the new location is higher, for example, the home state’s credit may not offset the whole bill. Also, if the person’s home state doesn’t impose an income tax but the other state does, then there’s no credit to offset the additional taxes.Another issue: failing to file a required state tax return, either because people didn’t know the other state required it or because they’re hoping to get away with it. That can lead to audits, taxes, penalties and amended returns, says Mark Klein, chairman of Hodgson Russ law firm in New York City. Auditors often can figure out where you were when by using cell phone records and credit card receipts.You can, of course, decide to make your move permanent. But if you change your mind, move back and get audited, the auditors will conclude that you never truly left, Klein says.“The real test is whether you stick the landing,” Klein says.What can be doneSome states have long-standing reciprocity agreements, usually with neighboring states, that will prevent commuters from having to file multiple state tax returns, Sherr says. In addition, 13 of the 41 states that tax income have said they will give remote workers a break if they moved because of the coronavirus, she says.Sherr suggests that people who may be affected by another state’s tax laws talk to a tax pro to assess what their liability might be and discuss the situation with their employer, in case their withholding needs to change. She also recommends people keep good records so they can track how many days they earned money in each state and how much.It’s possible that Congress could provide some help. A proposal in the Senate’s pandemic relief bill would require that states maintain the pre-pandemic status quo — in other words, pay for newly remote workers would be taxed the way it was before the pandemic. The bill also would create uniform rules for assessing state and local income taxes.Those ideas may face opposition from states desperate to replace lost revenue, however. The lockdowns quashed economic activity, and the resulting recession has made consumers and businesses cautious about spending money, further reducing tax revenues.“The states need money,” Klein says. “Because of COVID, they need more money than ever before.”This article was written by NerdWallet and was originally published by the Associated Press.More From NerdWalletSmart Money Podcast: Renters Are Struggling, and What to Do With an Old 401(k)Distance Learning Can Fit Into Your Back-to-School BudgetThe 2 Costs That Can Make or Break Your Nest EggLiz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 5077
In Baltimore, there’s a man named Dwayne Benbow Jr., but you probably know him better as “The Funnel Cake King”.“We can say funnel cakes we got funnel cakes, we have gourmet funnel cakes over here,” he said. “It’s the same principals, it’s a hustling mentality.”On a sweltering Thursday afternoon, he laid out his plan to take fill the chessboard that is Baltimore City with young funnel cake knights.“Dispatch them, boom we got one at Greenmount. Her son is going to be on Greenmount her son right here he’s going to be on Pratt and Monroe.”The court started small but at this orientation, the number of young employees grew to over ten.“I kept seeing kids on their bikes kids they trying to get out. They ain’t trying to hear this stay in the house stuff.. everybody calling me like yo I’m tired of my kids, take my kids from me.”Ameen Bailey got the job because his mom reached out.“The funnel cake king he basically like a father figure to all the kids,” Ameen said. “He hires people so they don’t gotta be on the corner. He shows us how to make our own businesses and how to progress more.”His brother Amir Bailey will be working with him.“I’m learning how to keep myself in check, how to interact with others, and how to keep my areas clean,” Amir said.The head that bears the crown didn’t come this way.Before starting his first snowball stand outside of the Terra Cafe Benbow Jr. was in prison for 7 years.Taking that time to grow.“I want to barber school, computer repair, fiber optics,” Benbow Jr. said. “Got half of my degree in sociology so that means I know how to speak to individuals.”Jordan Matthews was the first Knight to join the court.“He’s a black-owned business and he’s helping people by taking them off the streets and helping them work and get that money for the summer and stuff,” Matthews said.Benbow Jr. said he kept coming around so he offered him a job.“Now Jordan is able to run all run operations by himself,” said Benbow Jr. “He doesn’t need no adult no supervision or anything out here.”Every Knight gets a binder with a schedule and the 3 simple principals they have to abide by.Check your hygiene and appearance always.Make eye contact with customers and number one- no belt no work.“We can’t get upset at nobody else if we’re not physically doing it,” said Benbow Jr. “If we’re not physically grabbing them and putting the belts on them. If we’re not putting notebooks in their hands.”Isiah Johnson is 13 and this is his first chance to earn a paycheck.“Just making me more responsible and teaching me how to save money and get it.”Grooming the brightest gems under his crown to build their own empires.“Helping my mom out around the house and outside,” said Kalani Bowen. “Make some money for myself, but also help my mom pay bills and stuff.”“I’m in JOTC right now so I want to go to the Army,” Ameen said.Dorrian Vaughn is the youngest knight at 10-years-old.He’s looking forward to learning and hopes he learns principals to carry with him when he gets his dream job way down the road.“A police officer either that or a fireman,” Vaughn said.There’s only so much ground one king can cover, and Benbow Jr. hopes more people take our young royalty and build them up.“Grabbing them while they are young pulling them in teaching them all that we can teach them and pass them to the next entrepreneur.”If you’re hungry from this article and want to find the Funnel Cake King follow him on any social media platform.WMAR's Eddie Kadhim first reported this story. 3505
House Minority Leader Nancy Pelosi said at Wednesday's CNN town hall that she doesn't think campaigning on a potential impeachment of President Donald Trump is a good issue to run on."I do not think that impeachment is a policy agenda," she said.The California Democrat pointed to the ongoing special counsel investigation led by former FBI Director Robert Mueller, saying everyone should "let it take its course" before judging the outcome, and noting the difficult, divisive nature of moving to oust a president."Impeachment is, to me, divisive," Pelosi said. "Again, if the facts are there, if the facts are there, then this would have to be bipartisan to go forward. But if it is viewed as partisan, it will divide the country, and I just don't think that's what we should do." 789
HOUSTON (AP) — Houston officials have canceled the Texas GOP’s in-person convention.They say the spread of the coronavirus made it impossible to hold the event as scheduled.Houston Mayor Sylvester Turner said Wednesday that the city’s lawyers exercised provisions in the contract that the Texas Republican Party signed to rent the downtown convention center for a three-day event to have started July 16.Virus cases have surged in Texas, particularly in the state’s largest cities.Republican Gov. Greg Abbott had publicly deferred to state party leaders who last week voted to go forward with an in-person event. 620
Humans haven’t been to the moon in decades, but when mankind returns, they’ll be welcomed with cellphone technology not currently available in some reaches of the US.Nokia announced this week a partnership with NASA to construct a 4G network on the moon. The network will assist NASA's Artemis program, which is intended to send people back to the moon by 2024.Nokia says that its 4G moon network will allow for NASA to operate rovers and stream high-definition video.“Reliable, resilient and high-capacity communications networks will be key to supporting sustainable human presence on the lunar surface. By building the first high performance wireless network solution on the moon, Nokia Bell Labs is once again planting the flag for pioneering innovation beyond the conventional limits,” said Marcus Weldon, Chief Technology Officer at Nokia.On Wednesday, NASA said it will “announce an exciting new discovery” about the moon next week. NASA said that returning humans to the moon could support allowing humans to reach Mars by the 2030s. 1049