Tax Question

Discussion in 'Ask An Owner Operator' started by jr29, Feb 6, 2025.

  1. jr29

    jr29 Light Load Member

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    First, I do have a tax guy, and I will get more of a concrete answer from him at some point, but I'm asking on here right now.
    I live in Tennessee. I have one address and it's in Tennessee. If I lease my truck onto a company based in New York do I have to pay New York state income tax ?
    In the past I've been leased onto a company in Arkansas and i didn't pay Arkansas income tax, but I know neighboring states sometimes have tax setups that don't apply in other scenarios.
     
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  3. Iamoverit

    Iamoverit Road Train Member

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    Lots of states tax any businesses that have nexus.
     
  4. Ridgeline

    Ridgeline Road Train Member

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    you answered your own question.
     
  5. jr29

    jr29 Light Load Member

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    Jan 5, 2009
    Tennessee
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    Cool
     
  6. 77fib77

    77fib77 Road Train Member

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    Your a contractor. Your company writes off you lease. You pay your home states taxes.
     
    Arctic_fox Thanks this.
  7. Arctic_fox

    Arctic_fox Experienced mx13 execrator

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    Pretty much this. I live in SD but am leased to a company in KS. I only pay whatever SD requires of me and the company im leased to only pays KS what they are obligated to.
     
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