Changing State of Residency: Opportunities and Challenges

Authors

Paul G. Schloemer, Cedarville UniversityFollow

Document Type

Article

Publication Date

5-2019

Journal Title

Journal of Financial Service Professionals

ISSN

1537-1816

Volume

73

Issue

3

First Page

5

Last Page

10

Abstract

The continued migration of Americans to states with favorable climates and better job opportunities results in change of residency issues that affect clients' state tax liabilities (income, estate, or inheritance). Financial advisors and tax consultants should be aware of the crucial issues in this area. Ensuring that key requirements are met during the relocation process will help clients take advantage of tax-saving opportunities and avoid audit adjustments by state tax authorities.

Keywords

Emigration, immigration, job vacancies, state taxation, tax incidence, tax planning

Recommended Citation

Schloemer, Paul G., "Changing State of Residency: Opportunities and Challenges" (2019). Business Administration Faculty Publications. 171.
https://digitalcommons.cedarville.edu/business_administration_publications/171

Creative Commons License

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.