Tax service
 

My husband and I settled on our TV house in January and will have to figure out our income taxes in two states until we sell the Maryland home. We'd appreciate any recommendations for someone knowledgeable on taxes and tax planning.

If you didn't change residency to Florida I don't believe you have to file in both states.

Florida is not an issue. No state taxes here. If you have lived in Florida as your main home since January, you will have established a tax domicile in the state.

Check with Bob Bloom 425-941-5224

https://www.talkofthevillages.com/fo...om-cpa-223889/

Thank you. Bob is accepting new clients at this time, appreciate the referral. If interest, he prefers meeting with clients early on before it gets very busy with doing taxes.

Bob Bloom 425 941 5224

Give Ellen Cronin consideration...she's an "Enrolled Agent" with the IRS and has a masters in taxation (she's in Oxford, FL just outside TV)

nice thing about an EA is that if the IRS questions anything, they can speak to the IRS on your behalf...not
the case with a CPA...you have to interact directly with the IRS if you have anyone other and an EA do your taxes

CPA's are great, but they aren't always specialists in taxes...an Enrolled Agent is, taxes are generally their main thing

I've used an EA for the past 22 years

A CPA can certainly talk to the IRS on behalf of a client, that is very incorrect information you provided. My husband frequently is on the phone with the IRS saving the client from various challenges they have encountered. And a CPA who specializes in taxes is certainly not only well immersed in the tax rules and regulations but also takes continuing education credits to maintain their active status.

Bob Bloom CPA specializes in doing tax returns and working with seniors. And will give you accurate information. 425 941 5224 available for calls 7 days a week and year round. No charge for an initial consultation of for a phone call with questions.

I had the same issues, From Pa. to Fl. I used The Villages Tax Services

We bought our home in April, sold our PA home in August and moved to FL permanently in August. I used TurboTax as usual. I bought the version that included state tax for that year. It asks about dates, etc so that the income tax for the state with tax is prorated. It's based on when you change residency, not on purchase of property. Same goes for the homesteading of the real estate. You only do it in one state according to the rules (Tax Appraiser's office can assist you.)

Same situation as yours.
 

We moved in February and files for Florida’s Homestead exemption in March, this really helped reduce our Florida property taxes. Florida made use remove Maryland’s Homestead exemption before they would apply theirs. Maryland sent use a letter to prove we had done it. Our Md property taxes did go up slightly. If you stay in Florida 6 months and one day Maryland can no longer expect you to file tax returns in their state. Huge advantage for us.

You really need to talk to a CPA or tax attorney in Maryland since that’s where your tax issues will be (Florida has no state income tax). We relocated from Maryland last year and there are issues regarding changing residency and selling a house you’ll need advice on.

Wait ... What?
 

Florida doesn't have a state income tax. Isn't that why you and everyone else is moving here?

Hema Ruparian, CPA,PA on 3251 Wedgewood Lane, The Villages

FL doesn’t have state filing.......