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Originally Posted by Pmhgroup
Jimbo.
A couple of notes on earlier responses.
“No U can't, must live here over 180 days.” Not true, Florida does not have the 6 month requirement to claim residency. Careful though, if you spend more than six months and a day in NY they can still claim you as a resident.
“own in NY and work in NY that you don't have a real good case to claim Florida Residency to avoid paying NY income taxes.” If you physically work in NY, you will owe NY taxes on that earned income. You might (key word might) be able to avoid state taxes on investment income as a Florida resident.
“To be a Fl. Resident. You need a fl. drivers license, car registration and a checking account showing your place of resident.“ This is partially true if you are applying for homestead. To apply for Homestead you need to own a finished home on Jan 1st. of the year you apply, have at least one car registered in Florida, have the car insured in Florida and have a Fla driver’s license.
I could also recommend the “Welcome to Florida” seminar held in the fall at the Nancy Lopez restaurant. In that seminar, the advantages and disadvantages to Fla residency are discussed.
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I agree with the above. Just remember that when dealing with the taxing authorities, stupid you pay money, fraud you go to jail. Big difference.