RESIDENCY & MULTI-STATE TAX ISSUES
Navigating the complexities of residency can be overwhelming, especially when you have ties to multiple states. Whether you live in one state, own property in another, or have personal connections across several states, determining your true residency can be challenging. At Brotman Law, we take the guesswork out of residency issues, ensuring you understand and comply with all relevant regulations. Let us simplify your residency status so you can focus on what matters most.
SAVE YOU MONEY
We save you money in the current tax year and create savings that will undoubtedly send a ripple through the coming years. In the long run, thousands of dollars will grow to hundreds of thousands, then millions in savings.
GREATER WEALTH
We help you keep more money in your pockets for investing, saving, or anything else that contributes to a good life. Our attorneys strive to reduce your lifetime tax liability by implementing different legal tax optimization strategies.
PEACE OF MIND
We work with you to ensure every item is correctly captured on your tax returns allowing you to enjoy greater peace of mind.
Overview
Whether you’re planning a move, have ties to multiple states, or run a business across state lines, understanding your residency and tax implications is crucial. The distinction between residency and domicile often causes confusion, adding to the complexity.
At Brotman Law, we lift the burden of complex tax planning off your shoulders, allowing you to focus on what truly matters. As a multistate business ourselves, we combine personal experience with deep audit expertise, making us uniquely qualified to handle your situation with precision and care.
What is Residency?
What Else Should I Know?
If you have connections to multiple states, especially those known for aggressively pursuing taxpayers, you could be at risk for a residency audit. These audits are complex and invasive, delving deeply into your personal affairs to determine tax liability.
At Brotman Law, we offer thorough consultations to assess your current risk or the potential risk if you’re planning a move. By the end of your consultation, you’ll have a clear understanding of your risk exposure, actionable steps to protect yourself, and how our expertise can support you.
We describe multistate taxation as a ticking time bomb, something that sits in a corner tick, tick, ticking away until it eventually explodes, causing collateral damage to an individual or business owner.
Once you’ve triggered tax nexus liabilities to a particular state, that liability tends to grow, perhaps over multiple years.
If you’ve created a ticking time bomb for yourself, don’t worry. We can help you defuse the bomb.
The first rule of getting out of a hole is to understand the hole that you’re in and to really measure that hole. A tax attorney can help you navigate the complexity of residency and appropriately measure the hole. At Brotman Law, we understand how to interpret the law in multiple jurisdictions, and make sure that you are not only in compliance but optimizing your taxes and safeguarding your interests.
Our team is experienced not only in multistate taxation, but in audit defense. This experience makes us well positioned to make sure you’re in compliance and prepared for any potential audits. We strive to minimize your audit risk and provide you with peace of mind, allowing you to focus on what’s important.
WE KNOW OUR STUFF
Our tax attorneys are really extremely focused and really nuanced when it comes to the multistate world. Our experience devising complex plans for clients with connections in multiple states paired with our audit experience has made us well equipped to handle those sticky issues.
COMPLEX PLANNING, SIMPLE EXECUTION
Multistate tax issues get complicated and require a high degree of brain power. Our seasoned attorneys have spent countless hours learning about the tax implications in different states, so you don’t have to. Once we put together your compliance plan, the execution is the easy part.
PERSONAL ATTENTION
Each situation is different, so we make sure to consider your individual situation when devising your compliance plan. You can rest assured your plan will be customized and tailored to your goals and needs.
Our Clients Will Tell You: We Get Results.
Tax Strategies, Case Studies, and Thought Leadership
Hundreds of $1,000,000s
Saved in Tax Penalties
100+
Appeal Victories
$1B+
Saved in Taxes
150+
Multimillion and billion-dollar corporate transactions
11+
Tax Services
400+
Clients represented in an audit
$160M+
in ERC Tax Credits
Our Thought Leadership Has Appeared In
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Set up a quick call with our firm’s concierge to see if we’ll be able to help you. The whole process will take 15 minutes or less.
STILL HAVE QUESTIONS?
A domicile is your permanent home where you intend to return, whereas a residency can be more temporary and based on physical presence.
No, you can only have one state of primary residence at a time, although you may have tax obligations in multiple states.
When you move, you may need to file part-year resident returns in both the old and new states, and you may be subject to different tax rates and rules.
States have different criteria for determining residency, such as the number of days spent in the state, the location of your primary residence, and where your driver’s license, voter registration, and bank accounts are located.