This program will address the application of residency tax rules to commuters, occasional visitors, and to full-time residents of the various states. It will also identify the rules most states use to determine if a taxpayer has “truly” changed their residence.
Changing your residence from a high-tax state (think NY, NJ & CA) to a low, or no-tax state (think FL) can dramatically reduce the amount of state taxes you have to pay. But high-tax states don’t let their residents go easily. If you continue to maintain any connection to the former residence (think snowbirds), the high-tax state may contest that you truly changed your residence. In this webinar, you will learn how states determine a taxpayer’s residency and how to make the states respect your residency change.
• Statutory residence rules
• How do you count a “day”?
• Concrete steps necessary to change your domicile
• Common traps for the unwary practitioner
• Techniques used by auditors to identify and investigate residency cases
Application of residence tax rules
Identify the methods to effectively change one’s domicile to another state
Review mechanical residency test
Provide planning opportunities to minimize income and estate taxes
Joe counsels clients on a wide range of state and local taxation issues and represents taxpayers in disputes with the New York State Department of Taxation and Finance and the New York City Department of Finance. His practice focuses on personal income tax and residency matters as well as sales and use tax issues with a focus in the technology industry (software as a service, cloud computing, digital products, etc.). Finally, He counsels clients on their abandoned property obligations. He is the Abandoned Property Audits Practice leader and has represented large corporations in complex compliance matters such as multi-state abandoned property audits and voluntary disclosures.