Teleworking From Another State Can Lead To Surprise Taxes

Teleworking From Another State Can Lead To Surprise Taxes

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Business

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The video discusses the tax implications for remote workers who have moved to different states during the pandemic. It highlights that while some states do not tax temporary teleworkers, others may require filing returns and paying taxes. Factors such as duration of work, income, and home state affect tax obligations. A survey reveals many remote workers are unaware of these implications. The AICPA supports federal legislation to simplify tax processes during the pandemic.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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