Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Moving Residency for Tax Purposes - Anyone Done This?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plenty of people do this. Keep track of credit card statements in case you have to prove that you were actually there for 6 months. [/quote] Exactly. Local tech CEO Saylor got busted for this. In his case, he posted photos on Insta from his yacht in DC on days he claimed he was not in DC: https://www.cnbc.com/2024/06/03/bitcoin-billionaire-michael-saylor-settles-dc-tax-fraud-case-for-40-million.html [/quote] Well you actually have to move and reside in the other place for 6months+. We travel a lot so for us, proving we are somewhere 6 months of the year would be difficult, as we spend 3-4 months traveling and would want to split the rest between 2 places. [/quote] OP again. We plan to travel a lot as well. But, as a PP suggested, the travel time out of the country can count as part of your 183 days in the new residence. Looking at it that way, I don't anticipate this being difficult at all. Again, our kids will be away at college or on their own by the time this is implemented. To those of you who think this is somehow wrong: have you never talked to a financial planner or tax attorney? This is the first thing they suggest, especially if you already own a vacation home in a lower tax bracket state. As one told us bluntly, "you don't want to die a DC resident if you can help it."[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics