Can NY Hit Two Birds With One Stone? Not Any More.
NY Domicile Tax Auditors concede snowbird wife can become Floridian even though husband snowbird must remain New Yorker.
BOCA RATON, Fla., Nov 15, 2013 /PRNewswire/ -- According to NY/Fl attorneys Allan Lipman and Kelly Zarcone and NY attorney John Brenon, the new audit guidelines citing a recent court decision overrule a long standing regulation that limited a split domicile to couples that are separated. No longer will a wife be hit by a NY tax determination against her husband. Attorneys Lipman, Zarcone and Brenon believe this presents a great opportunity to avoid NY income taxes for a wife with substantial income of her own, who unlike her husband, has few remaining ties to NY.
Learn more by listening to the informative webinars offered at www.snowbirdguide.com and www.fl2nytax.com.
These experienced attorneys answer the most frequently asked questions posed by NY/FL snowbirds at no charge and with no signup. For a more personal approach, attend their live seminar on Dec 12th from 9-12 at 6501 Congress Ave. Ste 100, in Boca Raton with Q&A. Reserve your seat early at http://snowbird.ticketleap.com. The fee is $90 for professionals and $45 for non-professionals. Certificates of Attendance will be issued. Space limited to first 48.
Questions addressed will include: Can a New York couple with a condo in Florida and much larger, expensive home in NY change their domicile to Florida? What steps should you take to make your change of domicile more effective? How much in New York income and estate taxes might you save? What is the most time you can be in NY and what are the exceptions? How should you time your domicile change? What can you expect if you become the target of a domicile audit? What adverse consequences might there be if you become a Floridian? Can a surviving Florida spouse who returns to New York avoid NY taxes? If you later end up in a NY nursing home or assisted living facility will you be re-domiciled and be subject to NY taxes? As a backup to the answers of attorneys Lipman, Zarcone and Brenon you can download over 300 pages of relevant statutory and case law and commentary supporting their answers at no charge.
SOURCE Ward Brenon Lipman & Divita LLP
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