residency & domicile planning
Changing Your State Residency
Under New York State tax law, an individual that establishes a domicile outside of New York will be deemed a “statutory resident” of New York, and thus subject to tax as a resident, if the individual maintains a permanent place of abode in New York for almost all of the taxable year (generally, at least 11 months) and spends more than 183 days in New York during the taxable year. There are many scenarios that might complicate whether the dwelling is deemed a permanent place of abode for tax purposes. Contact our professionals to assist with proper planning.