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Old 11-03-2011, 04:50 PM
 
1 posts, read 9,881 times
Reputation: 10

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Hi everyone - I've searched the web and plenty of threads in these forums, but yet to find the answer I'm looking for.

I'm currently a resident of Texas, and have been recently blessed with the opportunity to leave this wretched place while retaining my employment as a remote employee. Therein lies the basis for my question.

Requirements for Residency states: "Reside in Colorado for 90 consecutive days".

Colorado Tax documents states that you must pay state tax if you are: "A part-year resident of Colorado with taxable income during that part of the year you were a resident"

I plan to move mid-year. However, since I will not have a new employer in Colorado, there will be no new W2.

So, when exactly am I subject to State Taxes? - The minute I sign the apartment lease, or not until 90 days later?

I just need to know when to have my Texas-based employer begin withholding state taxes.

Thanks in advance for your time.
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Old 11-03-2011, 05:41 PM
 
19 posts, read 40,743 times
Reputation: 20
I moved here to Colorado in June 2010 from Texas. When you file your state Colorado taxes, it will ask what month/year you moved here. You only pay for the months you are here. You are considered a resident 90 days after you sign your lease, BUT the state taxes will begin immediately...they give you 90 days "grace" to get everything in order...car, license etc...but I'd expect to pay taxes from the month you arrive forward.. Save your money for registering your car. I purposely re-registered mine for $65 there...got me another year until I had to get Colorado tags...here you have no yearly inspection...emissions tests for $25 replaces that...and there are no stickers in your windshield (i like that part) your month/year stickers go on your Colorado license plate...and the fee is ungodly expensive. Registration was $219 for an 05 Kia....they judge it on the value of the car and you can call them all you want and ask ABOUT how much to pay...you will get no answers. Its a big surprise, so be ready. It is so much better here, you wont mind the yearly registration fee...they do say it lowers, obviously, eachyear as the value of your vehicle goes down

Hope this helps
Leigh

Last edited by leigh61870; 11-03-2011 at 05:44 PM.. Reason: adding info
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Old 11-04-2011, 07:26 AM
 
Location: Fort Collins, CO
166 posts, read 357,760 times
Reputation: 288
I moved to CO last November from Michigan and began telecommuting from home. My employer started withholding CO state taxes immediately, even though it was 60 days before I did the cars and driver's licenses, etc.. I did close on a house immediately, but it's my understanding that as soon as I changed my address to CO, they started withholding the tax, whether I own, rent or live with a friend. My employer didn't ask me when I would like to start
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Old 11-04-2011, 10:48 PM
 
Location: Littleton, CO
3,108 posts, read 4,658,992 times
Reputation: 5389
If you work in Colorado, you are required to pay taxes in Colorado, even if you do not live in Colorado. Your employer will withhold taxes as soon as you work in Colorado.

I also know several people who came to Colorado to work a 2 week temp job each summer. THey had taxes withheld in Colorado even though they never changed their address to Colorado. Additionally, pro athletes who play in Colorado are taxed on a portion of their paychecks for the game or games they played while in Colorado.
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Old 05-16-2015, 09:28 PM
 
1 posts, read 6,138 times
Reputation: 11
We are moving and retiring to Colorado and will have no income when we move there. Will we be paying any state tax for wages we made in Texas prior to the move?
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Old 05-16-2015, 10:18 PM
 
10,868 posts, read 41,128,193 times
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Quote:
Originally Posted by John McNeley View Post
We are moving and retiring to Colorado and will have no income when we move there. Will we be paying any state tax for wages we made in Texas prior to the move?
No.
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Old 05-17-2015, 02:15 PM
 
Location: OH>IL>CO>CT
4,747 posts, read 7,491,873 times
Reputation: 6347
Quote:
Originally Posted by John McNeley View Post
We are moving and retiring to Colorado and will have no income when we move there. Will we be paying any state tax for wages we made in Texas prior to the move?
Only to TX.

As you may know, you will need to file "Part Year" resident returns for both states. You allocate any incomes accordingly. You should review the CO Part Year form to see if any non-wage income (interest, dividends, pensions, etc) is taxable by CO.

The CO Part Year form is at
https://www.colorado.gov/pacific/sit...iles/104PN.pdf
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Old 05-17-2015, 09:33 PM
 
193 posts, read 215,178 times
Reputation: 248
Quote:
Originally Posted by reed303 View Post
Only to TX.
Texas doesn't have state income tax
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Old 05-18-2015, 10:40 AM
 
1,822 posts, read 1,268,426 times
Reputation: 2084
Besides the state income tax, there are many other tax-like "extras" in the way of higher costs that you will find in CO versus other states (incl. TX). These are what I've noted so far: higher vehicle registration, vehicle repairs, new vehicle costs (and added cost of gas usage over the lifetime of the vehicle due to heavier 4WD/AWD), tires (higher cost due to needing additional snow traction features), storage room rates, water utility rates, and several other areas. Make sure to budget for those . If you earn less in your new location (something I see and hear a lot), then you'll get a beautiful double-whammy of losing money on two fronts.

Last edited by Sunderpig2; 05-18-2015 at 12:09 PM..
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Old 05-18-2015, 10:49 AM
 
Location: OH>IL>CO>CT
4,747 posts, read 7,491,873 times
Reputation: 6347
Quote:
Originally Posted by alwaysmiling View Post
Texas doesn't have state income tax
Missed that !

Oh well, makes for one less Part Year return.
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