Managing a Residency Audit (Currently Unavailable)
Author: Timothy Noonan, Andrew W. Wright, Daniel P. Kelly, Hodgson Russ LLP
| CPE Credit: |
2 hours for CPAs |
High-tax states like New York, New Jersey, California, and others continue to chase taxpayers who claim changes of residency. The last few years have seen a surge in moves—many spurred by COVID and the changes it brought to people’s lives—from these high-tax states to low or no-tax jurisdictions. This course will focus on state-level residency rules, defending changes of residency in an audit, and addressing other personal income tax issues that arise in the context of residency audits—most notably in recent audits, the state tax implications around remote work.
Publication Date: October 2022
Designed For
All CPAs, enrolled agents, tax return preparers, tax attorneys, and other practitioners who prepare New York returns and/or are responsible for preparing multistate returns for clients or advise on cross-border tax issues or disputes
Topics Covered
- Residency Audits: the Rules around Residency
- Audit Process What to Expect in an Audit
- Strategies for Successfully Managing a Residency Audit Case Studies
- The Impact of Telecommuting/Remote Work on State Tax Audits
Learning Objectives
- Recognize how to gain a practical understanding of the residency rules in various states
- Identify and define the nature of the residency audit and appeals processes
- Identify key issues facing taxpayers leaving states like New York, New Jersey, and California, and strategies for defending positions in audits
- Identify the residency test for New York that includes the "Leave and Land" Rule
- Identify the state that has a residency test based on 200 days using domicile or statutory residency
- Identify a normal consideration for the near and dear domicile factor
- Identify the approximate number of NY income tax/residency audits per year
- Identify how many states have a "convenience rule"
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
