Line Jumpers Individual Income Taxes

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In This Presentation:

- SC Rules – Resident Individual Income Tax

- SC Rules – SC Nonresident Individual Income Tax

- Assumptions

- Additional Assumptions

- Scenario 1 HQ is in North Carolina

- SC Residents Working in NC

- NC Residents

- Scenario 2 HQ Moves from NC to SC

- SC Residents Working in SC

- NC Residents Working in SC

- Publications – More Information

Excerpt from SC Rules – Resident Individual Income Tax:

..SC Taxable Income includes all wages – Regardless of State where wages are earned

..SC Credit for Taxes Paid to Another State that also taxes those wages

Please see full presentation below for more information.

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Topics:  Business Income, Income Taxes

Published In: Labor & Employment Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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