live in KS, work in KCMO, then open this thread

[2fpower]

You by now, know I am a tax guy.

There was a recent Supreme Court ruling that is getting traction for Kansas residents that paid KCMO taxes in 2012. The KS Dept of Revenue has stated that they are interpreting the decision to apply to the KCMO taxes.

Bottom line is that this should result in a tax refund for your family, but only in 2012, and 2011 if you can amend the return within 3 years of when you filed that original return.

In 2012, the Kansas tax rate was .45% higher than Missouri, so you ended up paying some taxes to Kansas due to that higher rate. You were not able to get a credit for the taxes paid to KCMO. A recent case just affirmed that states should allow this credit. In 2013 the Kansas rate changed to be lower than Missouri, so we don’t see this to be any benefit after 2012.

Now to spin this to some sort of tech......

Take that refund you will get and buy a slee short bus bumper!!

 

[rockstate45]

I heard about that one a week or so ago here at work! Thanks for the reminder. What do the Plebe's need to do to get that taken care of? And by when?

 

[2fpower]

Amend your 2012 tax return. Statute of Limitations is three years from the original filing date. So you likely have until 4/15/16 to amend Kansas, but I would not wait. The State does not have tons of money it is sitting on!

Further, if you did not file your 2011 tax return until 9/10/12 (with valid extension), you would have until 9/10/15 to amend it. If you filed timely your 2011 return, you cannot amend it now.

 

[cjmoon]

i believe this should apply to me but i no longer work in MO so there isn't a bunch of work chatter about it. are there new forms to do this? i used TURBO Tax is it something I need to contact them? i only worked 4.5 months in Mo in 2012 but my wife worked for the full 12 months in Mo while we lived in KS

 

[2fpower]

You need to file an amended Kansas return. Shoot me an email, or give me a call.