Changing State of Residency: Opportunities and Challenges
Journal of Financial Service Professionals
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.
Emigration, immigration, job vacancies, state taxation, tax incidence, tax planning
Schloemer, Paul G., "Changing State of Residency: Opportunities and Challenges" (2019). Business Administration Faculty Publications. 171.
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