Personal State Tax Residency Issues/Domicile, Statutory Residency, Reciprocal Tax Agreements, &COVID

Personal State residency issues and audits are an actual "thing" and now, thanks to COVID, also a hot topic.

In this segment, we will discuss some really interesting topics

-What is the "Jock tax"
-NYS vs. Derek Jeter
-Burden of proof - state residency audits
-Domicile and statutory residency - definition, examples, and variations
-Income tax-free states not the cheapest states to live in?
-Having dual residency for state tax purposes
-Reciprocal state tax agreements
-NYS convenience of the employer
-Audit defense apps
-Ohio's bright-line test, contact period
-California's temporary and transitory variation
-How aggressive is your state when it comes to state residency tax audits
-Telecommuting due to COVID and tax implications

DISCLAIMER: All Freyman CPA, P.C. videos are provided for general informational purposes only and deal with dynamic, time-sensitive, complex matters that may not apply to particular facts and circumstances. Information provided here should not be relied upon as a substitute for professional advice in connection with any particular matter.

We try to ensure accuracy, however, all information provided to you is provided “as is”, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied.

Any information provided to you is not a substitute for professional legal, tax, or accounting advice.

Laws, rules, policies, and regulations change from time to time and the application and impact of laws can vary widely based on the specific facts involved. Accordingly, before making any decision or taking any action, you should consult a professional advisor.

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