AboutMike Wellman Expertise I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size.
I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All other will be referred to the question pool.
Experience Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
Publications New York Times, Wall Street Journal, Your Money.
Education/Credentials BBA, Baylor University.
Awards and Honors IRSOS.com won the Knowledgeweb award for educational excellence for content.
Expert: Mike Wellman Date: 12/26/2007 Subject: city taxes
Question QUESTION: why do i have to pay city tax where i work at and residential tax where i live me and my wife both do cause we work in different counties
ANSWER: The laws on local taxation vary by state and city. But as a general rule, you pay tax where you earn the money. You also pay tax where your tax home is. However, there is generally a credit allowed for taxes paid to other jurisdictions against the taxes due to your city/county of residence.
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QUESTION: where i work at honors the credit but the city that i live at does not so therefore i pay alot in city taxes yearly
Answer I am sure you understand that I cannot give you specifics without knowing all the details That goes beyond the scope of this free site. If you think you are paying too much in taxes, I suggest you visit a local CPA to see if you are getting all the deductions and credits you are entitled to.
