Area of Focus Sessions
EST2518. Should I Stay or Should I Go? Tax Residency Planning
In this session, we will review tax residency planning for individuals, businesses, and trusts. We will also discuss some non-tax reasons an individual, business, or trust may wish to establish domicile in a more favorable jurisdiction.
Learning Objectives:
- Identify key considerations and steps to change domicile and cut ties with a state’s taxing authority.
- Determine how tax implications of business transactions can be significantly impacted by the domicile of the business and business owners.
- Analyze how certain trusts may be used to provide benefits permitted under the laws of the state’s situs even if the taxpayer resides in a less favorable jurisdiction.
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Taxes
Level
Intermediate – (3-4 years in the profession)
Prerequisites
3-4 years in the profession
Advanced Preparation
none