If you have changed your domicile from New York to Florida or are considering a change, you will want to review the answers to each of the following ten questions. Many will surprise you. For example,for purposes of not being present in New York for more than 183 days in any calendar year, a one hour presence in New York is considered the same as a full day.
The New York Department of Taxation and Finance is concerned about New York/ Florida Snowbirds who seek tax avoidance and have issued to its residency auditors manuals setting forth guidelines instructing how to ferret them out in non residency audits. After attending this seminar you will become familiar with such guidelines and how to respond to any challenge to your domicile change.
If you continue to live in your New York home during the summer months, have you effectively changed your domicile?
What steps should you take to change your domicile?
How much in NY estate taxes might you save if you change your domicile?
How much in state income taxes might you save if you change your domicile?
How much time can you spend in New York and not be subject to New York income taxes as a New York Statutory Resident?
How should you time your domicile change?
What can you expect to happen if you become the target of a New York State domicile audit?
How can you benefit from the Florida Homestead Law and the 3% cap on assessment increases?
What adverse consequences might result from a change of domicile?
Can one spouse be a New Yorker and the other a Floridian?
Now that you have listened to our answers to the ten questions frequently asked by snowbirds who have changed their domicile from New York to Florida or are considering doing so, we suggest you go back and review the entire text of those questions that most concern you.