In the age of COVID-19, many individuals have discovered that they can work and live happily far away from their historic homes, and they are chasing those goals. But have they done what they need to do to end the residency in those old homes?
Taxpayers domiciled in a high tax jurisdiction may not achieve their desired tax savings by relocating, if they fail to properly document their lifestyles and modify their living patterns sufficiently to break residency. Sax specialists can help taxpayers understand their residency considerations to achieve their desired results.
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