November 19, 2020
Are You Moving to Save on Taxes?
With the onslaught of COVID-19, many Americans have fled the city and relocated to second homes. Now, with the increased ability to work from remote locations, many are questioning if they should change their domicile for tax purposes. However, changing domicile can be more complicated than it seems. When a taxpayer decides to change their domicile, they need to prove their intention to leave the old domicile and to establish a new one.
Click here to learn more about the laws surrounding changing domicile and for a check list of key steps individuals should take when they move from one state to another.