Claudia K., Franklin
Texas does not have a personal income tax, so no filing is required there. Kansas does have a tax on personal income, but based on your facts, you had no earned income in Kansas, so you do not have a filing requirement.
You cannot deduct your moving expenses for federal income tax purposes from Kansas to Tennessee, because the move was not related to the start of work at a new principal place of work.
Who pays tax on interest?Christmas 2008 I gave my children certificates of deposit as presents. Because they did not bank at my bank and were not with me to set them up, the bank put them in my name, POD their names. Recently I received Form 1099-INT on these CDs. My children had me cash their CDs in December. Do I have to put that interest on my taxes since I received the 1099s or can I pass it along to them?
Claudia K., Franklin
The interest income from the certificates of deposit will be reported to the Internal Revenue Service based on the Social Security numbers that were used to set them up. If your Social Security number was used, then the interest income will need to be reported on your federal tax return.
Washington ReportRutherford wants fees, taxes reinstated