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The Tax Headaches of Working Remotely “Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season. Credit...Party of One Studio March 12, 2021 Last year, Ariele Doolittle, a tax lawyer, got a call from a client who lived and worked in New York but was considering working remotely from California temporarily after his offices were shuttered in the pandemic. Not a good idea, Ms. Doolittle told him. California, she said, would tax his income because he was physically working there. And ...

Detroit Free Press Many people who suddenly ended up working remotely during the pandemic in 2020 found themselves plopped at their kitchen table in front of a laptop. But more people than you might imagine hit the road and worked out of someone else's kitchen or spare bedroom, maybe visiting a relative or a summer home, in another state. "Working remotely in another state may – and often does – subject the individual to tax in that state," said James O’Rilley, CPA and tax director for Doeren Mayhew in Troy, Michigan.  And sometimes, it could even drive up your overall tax bill, O'R...

Working Remotely and Taxes Just when you thought that you had a gripe on your taxes, a global pandemic came along and mudded things up.  I don’t say that to belittle the ones who have lost their jobs or loved ones. It’s just that on top of everything else you’ve anxiety and stress over, you know have to be concerned about the tax implications of working from home. Working Remotely and Taxes are hard. Many of us have been working remotely for almost a year now because of COVID-19 and the guidelines implemented in response. In fact, according to the U.S. Census Bureau, 37.5% of adults ar...

Where did you work remotely during COVID-19 pandemic? It may affect your taxes Susan Tompor, Detroit Free Press © Susan Tompor, Detroit Free Press Some people are filing taxes early in 2021 in order to claim as much stimulus cash upfront, if a third stimulus payment is issued. Tax business window in Marine City, Michigan. Many people who suddenly ended up working remotely during the pandemic in 2020 found themselves plopped at their kitchen table in front of a laptop. Popular Searches So what happens now at tax time?  "Working remotely in another state may — and often do...

Kentucky-based AppHarvest announces IPO According to the announcement, the company raised $475 million of gross proceeds as a result of the deal. In a press release, AppHarvest has announced its Initial Public Offering (IPO). The resulting company – AppHarvest, Inc – will be traded on Nasdaq effective Feb. 1 under the ticker symbols “APPH” and “APPHW.” “Today marks an important milestone for AppHarvest and for American agriculture as we drive the next chapter of our growth as a public company,” said Jonathan Webb, founder and CEO of AppHarvest, “The capital we raised in thi...