Tax Filing LLC/ S Corp in NY

[Aaron Vergason]

I recently moved from NY to NC. I have a LLC. that files taxes as an S Corp. Will I need to file a personal tax return in NY for the pass through LLC income (or loss). Or can that be placed on my North Carolina Tax Documents?

[Ashish Acharya]

Originally posted by @Aaron Vergason:

I recently moved from NY to NC. I have a LLC. that files taxes as an S Corp. Will I need to file a personal tax return in NY for the pass through LLC income (or loss). Or can that be placed on my North Carolina Tax Documents?

If you also plan to do business in NC, a state might require you to register your NY entity as a foreign entity (If you incorporated in NY) in the NC as well.  Please check the state website. If you are not doing business in NY, you can dissolve the entity and create a new one in NC too to avoid fees to two states. Dissolving an S- corp might have some tax implication too, please consider that too. 

if you don't dissolve because your S corp is producing revenue from the NY, you need to file NY state tax return. NY Income that you paid taxes in NY, is not double taxed via tax credit and/or income exclusion in NC.