An Overview of Multi-State Tax Issues and How They Impact Residency
Three key highlights:
The first thing states like California look at for residency purposes is where your domicile is. Analysis of residency factors comes second.
There are substantial tax savings from shifting residency out of high tax states.
California and other states are aggressively auditing individuals and businesses. Protecting yourself is critical.
Multi-state tax issues do not just impact businesses. In fact, they impact people probably a lot more than they impact businesses. The reason for that is people move around a lot more than businesses do. This is especially true if you live in one state during part of the year, then live in a different state the rest of the time.
