Dual residency
 

"Steve B" wrote in message
...

"Bill McKee" wrote in message
...

"Steve B" wrote in message
...

"BAR" wrote in message
. ..
In article ,

says...

I have an interest to hold residency in two states. Where would I
find out
more about this?

Talk to a CPA from both states or talk to a tax attorney. Good luck
and let us know what happens in state and federal tax court.

I'm retired and everything is in trusts.


Everything in trusts does not mitigate taxes. Just preserves the
exemption of both spouses if married, and avoids paying an attorney 6%
for probate. I doubt any state will let you declare dual residency when
they want money. Some live near the border. Aquaintance lives near the
Oregon and Idaho border in Washington, since he retired. No state income
tax, go across the border to Oregon to shop and no sales tax, and a short
drive to the daughter in Idaho.

I live 27 miles from the border.


So get a 2nd house / shack in Nevada. Use that as your legal residence and
the Utah house as a vacation home.

Dual residency
 

"Bill McKee" wrote
So get a 2nd house / shack in Nevada. Use that as your legal residence
and the Utah house as a vacation home.

Already done.

Two in Utah, two in Nevada, one in Arizona. Just wondering if it is
possible to uitlize the best things from each. Lower vehicle insurance in
one state. Lower health insurance in another. Less sales tax in another.
No state income tax in one. Where to get the best hunting at the lowest
license prices. Just curious if any one precedent overrides the other and
makes you a mandatory resident of one state or the other.

Steve

Dual residency
 

On Mon, 14 Dec 2009 10:29:51 -0800, "Steve B"
wrote:

Just curious if any one precedent overrides the other and
makes you a mandatory resident of one state or the other.

A state with income tax will do everything possible to claim you
unless you go through a total "divorce" proceeding with them. That
means no traceable property ownership, no registered vehicles or
boats, no kids in school, no source of income, no financial accounts,
no drivers license, no utility bills, etc. They may even try to claim
your pension if you retire to another state, better to move first,
then retire.

Dual residency
 

"Wayne.B" wrote in message
...
On Mon, 14 Dec 2009 10:29:51 -0800, "Steve B"
wrote:

Just curious if any one precedent overrides the other and
makes you a mandatory resident of one state or the other.

A state with income tax will do everything possible to claim you
unless you go through a total "divorce" proceeding with them. That
means no traceable property ownership, no registered vehicles or
boats, no kids in school, no source of income, no financial accounts,
no drivers license, no utility bills, etc. They may even try to claim
your pension if you retire to another state, better to move first,
then retire.


They can not get yout pension. California tried to get taxes on pensions
earned in Calif, after the person moved. Court said: Nope!

Dual residency
 

On Mon, 14 Dec 2009 13:32:23 -0800, "Bill McKee"
wrote:

A state with income tax will do everything possible to claim you
unless you go through a total "divorce" proceeding with them. That
means no traceable property ownership, no registered vehicles or
boats, no kids in school, no source of income, no financial accounts,
no drivers license, no utility bills, etc. They may even try to claim
your pension if you retire to another state, better to move first,
then retire.


They can not get yout pension. California tried to get taxes on pensions
earned in Calif, after the person moved. Court said: Nope!

It's possible that New Jersey has not yet heard of that decision. I
just recently talked to someone that retired from NJ to Florida and NJ
was trying to tax his pension income since that's where it was
"earned" and being paid from.

Dual residency
 

On Mon, 14 Dec 2009 13:46:31 -0500, Wayne.B
wrote:

On Mon, 14 Dec 2009 10:29:51 -0800, "Steve B"
wrote:

Just curious if any one precedent overrides the other and
makes you a mandatory resident of one state or the other.

A state with income tax will do everything possible to claim you
unless you go through a total "divorce" proceeding with them. That
means no traceable property ownership, no registered vehicles or
boats, no kids in school, no source of income, no financial accounts,
no drivers license, no utility bills, etc. They may even try to claim
your pension if you retire to another state, better to move first,
then retire.

It sounds like you've spent some time in Virginia. The tax folks here
are horrendous about changing state of residency.
--

John H

Dual residency
 

"Wayne.B" wrote in message
...
On Mon, 14 Dec 2009 13:32:23 -0800, "Bill McKee"
wrote:

A state with income tax will do everything possible to claim you
unless you go through a total "divorce" proceeding with them. That
means no traceable property ownership, no registered vehicles or
boats, no kids in school, no source of income, no financial accounts,
no drivers license, no utility bills, etc. They may even try to claim
your pension if you retire to another state, better to move first,
then retire.


They can not get yout pension. California tried to get taxes on pensions
earned in Calif, after the person moved. Court said: Nope!

It's possible that New Jersey has not yet heard of that decision. I
just recently talked to someone that retired from NJ to Florida and NJ
was trying to tax his pension income since that's where it was
"earned" and being paid from.


Have him check the California decisions. Buddy moved to Reno area and Calif
was trying to tax his Carpenters pension.

Dual residency
 

On Mon, 14 Dec 2009 17:26:16 -0500, John H
wrote:

It sounds like you've spent some time in Virginia. The tax folks here
are horrendous about changing state of residency.

Just before moving to Florida I lived in NY and worked in NJ. New
Jersey was even trying to tax my wife's income which was earned in NY.

One of my finest days was when I divorced them both.

Dual residency
 

On Dec 14, 8:30*pm, Wayne.B wrote:
On Mon, 14 Dec 2009 17:26:16 -0500, John H
wrote:

It sounds like you've spent some time in Virginia. The tax folks here
are horrendous about changing state of residency.

Just before moving to Florida I lived in NY and worked in NJ. * New
Jersey was even trying to tax my wife's income which was earned in NY.

One of my finest days was when I divorced them both. *

Amen

Dual residency
 

"John H" wrote in message
...
On Dec 14, 8:30 pm, Wayne.B wrote:
On Mon, 14 Dec 2009 17:26:16 -0500, John H
wrote:

It sounds like you've spent some time in Virginia. The tax folks here
are horrendous about changing state of residency.

Just before moving to Florida I lived in NY and worked in NJ. New
Jersey was even trying to tax my wife's income which was earned in NY.

One of my finest days was when I divorced them both.

Amen

reply: lots of folks kissing NY good bye.