Federal Income Tax Filing In Wyoming

[FDNYLiberty]

I was wondering if Wyoming is mandated to do "e" (electronic) filing of Federal Income Tax returns. Many accountants prefer it, others don't care either way. Are accountants in WY required to do so?

The reason I ask is that my accountant here in NY has been telling me for a few years now that NY State would eventually require it. Now it has, so this was first time I had to do it.

[Crappiewy]

I mail mine.....
The thing that I dont understand about E-file is if they decide to come after someone for a fradulent return, How do they prove who did it? There is no signature......  So now is it assumed that you filed your own return?

[TexasGirl]

Crappie,

I have to fill out and sign an IRS transmittal form at the preparers which authorizes them to eFile on my behalf.  There is a blank for the preparers info on the 1040 they submit.  I was "fortunate" to receive an audit notice a few years back.  It came directly to me, not the preparer.  The FRN stops here.

~TG

[Don Wills]

I was wondering if Wyoming is mandated to do "e" (electronic) filing of Federal Income Tax returns.

"Wyoming" isn't mandated to do anything the federal government says.  See Sheriff Mack's court case.  Many states have mandated that accountants who prepare state tax returns must file electronically, but as there is nothing, zero, naught to submit to the state of Wyoming for any income, either personal or corporate, then, no, there is no mandate for accountants who practice in Wyoming, at least as far as state law is concerned.

[FDNYLiberty]

TexasGirl, you are correct. This is the same thing that we do in NY. Don, I know that there is no WY state tax, so my question is , to be clearer, is it required (mandatory) that accountants in WY who prepare a WY resident FEDERAL income tax return do so ONLY as an e-filing.  In other words, not allowed to file old paper forms?

In NY , if you have an accountant do your income tax (state and federal) he MUST do it via e-filing.

[rhodges]

In NY , if you have an accountant do your income tax (state and federal) he MUST do it via e-filing.

They would have a lot of fun with me.  I would tell the accountant to prepare the forms and give them to me so that I can check them for accuracy.  Then I would make corrections (if need be), and file them myself.  In other words, the completed forms would be their "work product" and they would have no authorization to file on my behalf.

[Don Wills]

TexasGirl, you are correct. This is the same thing that we do in NY. Don, I know that there is no WY state tax, so my question is , to be clearer, is it required (mandatory) that accountants in WY who prepare a WY resident FEDERAL income tax return do so ONLY as an e-filing.  In other words, not allowed to file old paper forms?

I've been a Wyoming resident for five years and I have my returns done by a CPA in Illinois.  I've e-filed for a couple of years now - I have no idea why other than convenience.  So the answer is there is nothing in Wyoming law that would make a Wyoming CPA do anything concerning federal tax returns.  If there is a federal mandate for e-file when prepared by a third party preparer, then it would apply to all CPAs in all states.

[manfromnevada]

I have never efiled in my life. Why make it easier for the goons?
If you are eager to get a "refund" then you have severely OVERPAID and that is an error on your part. Try not to let it happen again.

I used to fantasize about rewriting my return from the printed TurboTax printouts to a scribbled barely readable handwritten submission so they couldn't OCR it, but decided I had better things to do!

Mac

[230therapy]

I was wondering if Wyoming is mandated to do "e" (electronic) filing of Federal Income Tax returns. Many accountants prefer it, others don't care either way. Are accountants in WY required to do so?

The reason I ask is that my accountant here in NY has been telling me for a few years now that NY State would eventually require it. Now it has, so this was first time I had to do it.

Read Income Tax: Shattering the Myth.  Dave Champion goes into extreme detail as to how and why the income tax is misapplied to the average American living and working in the US.

[nurseJT]

Off topic, but I thought I'd ask here...

This year (2012) my income will be from 2 states - California and Wyoming.
Does anybody know how Turbo Tax handles the matter of one state with income tax and one without?
In the past, the California income tax figures were based on income reported to the feds.
Anybody out there have experience with how to best handle that situation?

Take care,
nurseJT

[MamaLiberty]

You'll probably be money ahead - and save a lot of hair being pulled out - just to take all your stuff to a tax preparer and let them untangle it. Personally, I have no idea.

[Andrew]

This year (2012) my income will be from 2 states - California and Wyoming.
Does anybody know how Turbo Tax handles the matter of one state with income tax and one without?
In the past, the California income tax figures were based on income reported to the feds.
Anybody out there have experience with how to best handle that situation?

Unless CA is completely different from how other states handle things...  you will file as a part year resident of California and essentially pay a pro-rated tax based on how much you earned while in California and how long you were there.   Turbo Tax should handle it for you no problem.

[Don Wills]

The key question is which state is your primary residence.  If you were in one state for 6 months + 1 day, then that state is your primary residence.  If California is your primary residence, then you'll pay income tax on 100% of your income.  However, if the state in which you were a part year resident taxes income, then that state gets to tax the income earned in their state and California gets to tax the rest.  However, if Wyoming was your primary residence, then California only gets the portion of income you earned in California.  TurboTax will handle all of those alternatives.

[manfromnevada]

I used to live in CA and then moved to NV (no income tax), so "been there, done that."
TT will handle the CA tax correctly. It will ask if you were a resident all year or not, if not then it will fill out a 540NR form (non resident). You will have to allocate which money was earned in that period and which deductions and such. Not unlike filing estimated taxes per quarter and having to keep track of income in shorter time periods.

Good luck, and just be glad you'll never have to do this again!

Mac

[nurseJT]

Thanks!
You guys are a veritable fount of information.
Looking forward to seeing you again MamaLilberty and ManFromNevada.

Take care,
JT