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If the state has income tax, the day traders will pay state income taxes on their earnings.

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17y ago

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Where do you file taxes if you work in multiple states?

You file in your state of residence The above is true, but not complete. You always file in your state of residence, and all "intangible" type income (like interest on bank accounts), is considered earned there. Earnings from employment, whether paid as a W-2 or 1099, or on a 1065 as a partner, get taxed where earned. You file everywhere you worked, even for the shortest period of time. Most states will even consider one day of work there, or attending more than a specified number (generally 5 days) at a seminar there, as earning income there. How it works, allocating your earnings away from your state of residence, or specifically marking the situs of the earnings, and taking either a credit for taxes paid other place or removing the income claimed by other places, varies from state to state and circustances.


When are taxes do?

Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.


When is the last day to file your taxes?

April 15 is the last day to file your taxes each year.


What day do you file income taxes in the state of Texas?

For the 2009 tax year the state of Texas does not have a personal state income tax return that has to be filed. The federal income tax return payment and date is April 15 2010.


When is the last day to file taxes for refund of taxes paid?

Call the IRS 800-829-1040.

Related Questions

Where do you file taxes if you work in multiple states?

You file in your state of residence The above is true, but not complete. You always file in your state of residence, and all "intangible" type income (like interest on bank accounts), is considered earned there. Earnings from employment, whether paid as a W-2 or 1099, or on a 1065 as a partner, get taxed where earned. You file everywhere you worked, even for the shortest period of time. Most states will even consider one day of work there, or attending more than a specified number (generally 5 days) at a seminar there, as earning income there. How it works, allocating your earnings away from your state of residence, or specifically marking the situs of the earnings, and taking either a credit for taxes paid other place or removing the income claimed by other places, varies from state to state and circustances.


What are some popular day trading systems?

Day trading is where you would buy, trade or sell financial instruments in the same day, Traders who participate in this are called 'day traders' or 'active traders.' Also, the traders who trade and aim to profit are called 'speculators.'


When are taxes do?

Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.


Earnings of a Journalist?

$20 a day


How many day traders in US?

There is no exact number of day traders in the US as this group is not consistently tracked by any specific organization. Estimates vary widely, but it is believed that there are tens of thousands of active day traders in the US.


If the state of California owe you money in state income taxes do they pay interest to you?

http://www.ftb.ca.gov/refund_delay_2008.shtml Yes. after 45 day.


How many day traders are there?

Too many! For every 100 day traders, only about 15 percent make it successfully. It's all about who you know and how you learn.


What does it mean by unpredictable earnings?

Unpredictable earnings is just their way of saying that there is no hourly pay rate or salary...basically they are saying they don't know how much money you will be making from day to day...


What is tax day?

The day your taxes are due.


When is the last day to file your taxes?

April 15 is the last day to file your taxes each year.


If you bought a car from family member and are going to register in another state do you have to pay sales tax if you live in the State of Washington and car was bought in Idaho?

Laws of each state vary. You have to check with the DMV in the state you live in. Buying anything in this day and age constitutes having to pay taxes. The only question is would be who do you pay the taxes to.


One day earnings of bill gates?

probably at least 15 million a day but it is just a guess.