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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
Session Tags
EST
CFP
EA