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#1
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#2
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![]() "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. |
#3
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![]() "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. |
#4
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![]() "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. |
#5
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![]() "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. |
#6
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![]() "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 |
#7
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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. |
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