Note: No educational credits are issued for the recording.
“I just need to be in Florida for 180 days, right?” or “I live overseas now, I haven’t filed a U.S. return in years!”
Unfortunately, the day count is just one of more than twenty factors states generally look at when determining if they can drag your client (and their income and assets) back into the state for tax purposes. And we’ve seen situations where multiple states claim a taxpayer as a resident! We will cover the factors states look at and what tax professionals can do to help clients plan properly to change their status and defend it later if it is tested. In addition, we will review what US Citizens need to do for the IRS if living abroad in terms of filing and compliance.
- Explain the many factors used by states to determine residency and domicile status
- Identify examination techniques for challenging the taxpayer’s status
- Describe planning ideas to stand up to state challenges of status
- Best practices for filing federal and possibly state returns for those living abroad