Re: Very interesting article for New Yorkers considering a change in residency to FL
Excellent Article and here is what I got out of it.
Changing a Domicle is more than staying 183 days out of state and making a declaration. The Declaration MUST be supprted by convincing personal conduct.....and the list provided identifies ways to support your true intentions.
I believe the "Caveat" however is most telling in that if one is questioned as to wether they can truly support a change of domicle declaration, the taxpayer must provide clear and convincing evidence supporting such a change which requires a high degree of proof. The lack of such evidence may result in not only an assessment, but also substantial interest and penalties. Where the result is uncertain, a change of domicile should not be attempted unless the taxes that will be saved are substantial.
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