Scorp shareholder lives in different satate

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  • BOB W
    Senior Member
    • Jun 2005
    • 4061
    #1

    Scorp shareholder lives in different satate

    I have a sole shareholder of an S Corp where he operates his business in NYS, BUT he lives in FL. He has employees that work and live in NY. Shareholder and employees get W-2s from NY. Is shareholder responsible for NYS tax? He has no days in NYS in 2022.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      Does this help?

      Page not found - Schanel CPA
      https://schanelcpa.com/i-live-and-work-in-different-states-tax-considerations/


      or

      Error
      https://tax.custhelp.com/app/answers/detail/a_id/571/~/i-don’t-live-in-new-york-city%2C-but-i-earn-income-there.-am-i-subject-to-a-new
      Always cite your source for support to defend your opinion

        Comment

        • New York Enrolled Agent
          Senior Member
          • Nov 2006
          • 1532
          #3
          Originally posted by BOB W
          I have a sole shareholder of an S Corp where he operates his business in NYS, BUT he lives in FL. He has employees that work and live in NY. Shareholder and employees get W-2s from NY. Is shareholder responsible for NYS tax? He has no days in NYS in 2022.
          You should review NYS Tax Law section 631(a) which discusses NY source income relevant to your question.

            Comment

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