Surgent's Establishing State Residency and Saving Your Clients Money

Overview

Many of our clients are moving to one of the seven states with no personal income tax, particularly Florida and Texas. Others may maintain multiple homes with an eye toward eventually establishing residency in a state with no income tax. This course will give you practical tips for your clients seeking to establish residency in a new jurisdiction. Cash-strapped states are increasingly attempting to assess taxpayers who have declared domicile and residency elsewhere, for example in Florida, to maintain their diminishing tax base. Arm your clients with the tools needed to save money by successfully establishing domicile and residency. As a practitioner, you can’t afford to be unaware of the latest issues affecting so many relocating baby boomers and others. Avoid that state audit with the information provided in this entertaining webinar.

Highlights

Typical provisions in state statutes regarding domicile and residency
In depth analysis of domicile and residency definitions
Issues regarding one’s permanent abode
Analysis of jurisdiction where taxpayer has the greatest connections
Detailed discussion of criteria used to establish domicile and residency

Prerequisites

None

Designed For

CPAs with clients seeking to effectively establish new domicile and residency

Objectives

Understand statutory basis for establishing domicile and residency
Understand the factual criteria for establishing domicile and residency

Preparation

None