TAX2405. Changing Your Residence from a High-Tax State to a Low-Tax State

In the aftermath of the COVID-19 pandemic, more and more taxpayers are recognizing the ease of working remotely. Fed up with higher taxes, these taxpayers are moving to no- or low-tax states. In this session, we will discuss the rules applicable throughout the U.S. that impact a state’s ability to challenge a taxpayer’s residency. It’s not as easy as many people think.

Learning Objectives:

• Identify what it takes to get a state to accept a taxpayer’s change of residence.
• Recognize the nuances involved in a residency audit.
• Identify certain traps for the unwary.