Episode 108: WHEN YOU OWE STATE TAXES

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In this episode Patrick delves into the complexities of state taxes focusing on unexpected state tax liabilities and the concept of nexus He covers who owes state taxes and under what conditions including economic activity in a state without physical presence dubbed as 39 nexus 39 Key nexus triggers are explored such as W-2s from another state owning rental property business operations in other states and sales without a physical presence The episode also touches on gray areas in nexus laws and offers insights into how business owners can manage liabilities and avoid unexpected taxation This episode aims to equip listeners with the knowledge to navigate state taxes more effectively and make informed decisions about their businesses and personal finances Episode Highlights How to avoid state tax What is Nexus amp why that is very important How to properly move to a No Tax State LINKS Profit amp Loss Template Save Taxes Free Discovery Call Follow me https www instagram com thepatdarby StateTax TaxLiabilities Nexus StateTaxes BusinessOwners Taxation NoTaxState TaxPlanning TaxationLaws FinancialEducation SmallBusiness TaxSeason EconomicActivity GrayAreas TaxStrategies BusinessInsights TaxManagement PersonalFinance W2 RentalProperty BusinessOperations SalesTax AvoidTaxation FinancialDecisions Click here to visit this podcast episode