[CT Bound]

Thanks Rich Lee and Ithaca04 for confirming this. Would you please comment on my list of original costs and let me know if you think my numbers are accurate. I really appreciate it!

[NY2CT]

Originally Posted by CT Bound

This does not mean an "employee of the city" as in working directly for the city. It means employed within the city limits or working in the city. It's on NYC Form 1127 "nonresident employees of the city". You should read this again. You are very wrong. We have spoken to several accountants. If you did work in NYC and live in another state - you either had the tax withheld from your paycheck or paid it and didn't realize. Or maybe you'll be getting a bill really soon. IT-203-I General Information page 5 states " Nonresidents - New York source income" "...a business, trade, profession, or occupation carried on in New York State."

Did you talk to an accountant who practices in New York? Non-resident employees of the city of New York are those who work for the government, not anyone who works physically in New York. Form 1127 specifically asks for the New York City Department or Agency where a person is employed.

Prior to 1999/2000, New York City taxed non-residents who worked in the city. This tax was intially eliminated only for New York State residents. The New York Court of Appeals later eliminated the tax for all employees who do not reside in New York City. www.tax.state.ny.us/pdf/notices/n00_7.pdf

When I worked in NYC (lived in CT), I had NYC withholdings taken out of my first paycheck. After I filled out the non-resident tax form (IT-2104.1), NYC tax was no longer withheld from my paycheck and I received the amount that was wrongfully withheld.

You are subject to New York State tax, but you should NOT be subject to New York City tax.

[NY2CT]

I just wanted to add that the New York City "commuter" tax, which had been applied prior to 1999/2000, is different than the tax discussed in Form 1127.

Form 1127 is for non-resident employees of the City of New York. In some situations, such as city firefighters or department of correction employees, employees of the City of New York must agree, as a condition of employment, that they are subject to NYC tax. They agree to be treated as residents of NYC for tax purposes. If you are not working for the City, you do not fill this form out.

I have verified this information with an accountant (and tax lawyer) who practices in both NY and CT. Unless you left information out, I'm not sure why you were told that you'd be subject to NYC tax.

[NY2CT]

Originally Posted by CT Bound

IT-203-I General Information page 5 states " Nonresidents - New York source income" "...a business, trade, profession, or occupation carried on in New York State."

This is a form for New York STATE taxes. Of course if you work in NY, you'll be subject to NY State taxes and must fill out a NY state tax return. However, this has nothing to do with New York CITY taxes.

[Dockside]

One more potential expense - the subway - adds another $900 or so annually.

My insurance agent explained, according to CT state law, if we bought a house within two-tenths of a mile of the coast, we would have to buy hurricane insurance and flood insurance from FEMA.

[CT Bound]

Thanks NY2CT. I will confirm all you wrote with accountant. I appreciate your time.

[CT Bound]

Good Call Dockside!

[jadedSOUL83]

I think you should make a post of the positives of this move. Financially I dont see any, since as you said the pay increase will be around 40k minus taxes, yet it seems like you are going to incur many extreme additions to your current bills. Either way sounds like your husband has done really well for himself. I'm jealous.

[Lintu]

I don't know if anyone has mentioned this, but if your husband is taking the train to work, he probably won't spend much gas commuting. Also, there's significantly less sprawl in CT than in CA, so you'll ultimately spend a lot less in gas...I believe prices are slightly less here, too.