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.