Tax Warrior Chronicles

Planning Considerations When Changing State of Residence

Posted on Tue, Nov 16, 2021

By: NiCole Rosado

 

New employment opportunities, a booming housing market, and a change of environment or slower pace of life. These are just a few reasons why people are planning to move. COVID-19 gave all of us time for reflection and, for some, opportunities outside of their current domicile. In today’s blog, we’ll look at simple ways you can evaluate a change in residence before you pull the trigger…including taxes.

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Tax Implications of a Business Move to Another State

Posted on Tue, Dec 29, 2020

By: Clare Porreca, CPA, MT

 

Moving a business to a new state is a complex decision. Among the many factors to consider is the state and local tax (SALT) implications on the business, employees, and owners. In today’s blog, we outline some of the major considerations.

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Hurricanes Harvey & Irma and their Impact on NY, PA and NJ Residency

Posted on Thu, Sep 14, 2017

By: Elizabeth Pascal, Esq.

 

Over the last three weeks, we witnessed the images of damage caused by Hurricanes Harvey and Irma. Record winds, flooding and power outages will cause many with multiple residences to spend more time at residences outside of Texas and Florida, two states that happen to have no income taxes. Today, our guest author, Elizabeth Pascal, Esq. of Hodgson Russ, spells out the potential impact for NY residents domiciled in Texas and Florida. Later in the post, The Tax Warriors® discuss how those who have homes in Pennsylvania and New Jersey may be similarly affected.

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Home is Where Your Heart Is… But Not Necessarily Your House

Posted on Thu, May 22, 2014

Early in 2014, New York’s highest court rejected the state taxing authority’s interpretation of a residency test in a case that could have ramifications for individuals that own property in New York but do not utilize the property as a residence.

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