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State Residency and Taxation for Individuals, Trusts, and Estates

Many high-net-worth individuals and their families left primary residences to reside in vacation and/or secondary homes during COVID-19, and today, many more are considering relocation due to increased tax rates and the limitation on the state tax deduction. Taxpayers and their advisors should be aware that changes in residency can trigger a number of state and local tax (SALT) issues, and careful planning and compliance is the key to avoiding unintended tax consequences and/or successfully completing a domicile change.  

Similarly, it’s important to understand how tax residency is determined for estates and trusts. Factors such as the domicile of grantor, location of trustees, location of beneficiaries, resident tax-exempt trusts and dual residency should be considered in the planning process.  

Join Marks Paneth’s tax experts Jennifer Prendamano, Laura LaForgia, and Christopher Wright as they explore these and other issues related to state residency and taxation. 

Topics will include:

  • Domicile vs. statutory residency
  • Double taxation/ state tax crediting 
  • New York’s Convenience of the Employer Rule
  • Issues facing NYC residents
  • Florida residency requirements
  • Choosing a trust situs
  • Decanting trusts




CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.

Jennifer Prendamano

Managing Director

CBIZ Marks Paneth


Laura LaForgia

Managing Director

CBIZ Marks Paneth


Christopher D. Wright, JD, CPA

Managing Director

CBIZ Marks Paneth


Susan Lipp – Moderator

Editor in Chief

Trusts & Estates



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