Be prepared for tax implications and audit issues that may arise for your clients maintaining residency in multiple states.
Just about every day I talk to an accountant in Texas about her client who has an apartment in New York, or a financial planner in Connecticut about his client that is working on a project in Florida, or the owner of a closely held business who is thinking about retirement, finally ready to split for warmer climes. Clients are on the go more than ever, and your knowledge of relevant state and local income tax issues and planning opportunities should keep up. This topic will help you understand and plan for the income tax implications of taxpayers residing or maintaining a presence in multiple states, and it will prepare you to handle audit issues before they arise. This topic will help you keep up with your clients' state and local income tax needs, and add value as they move around the country, or the world.
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Why Lorman?
Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Defining Tax Residence Across the U.S. and Local Jurisdictions
- Common Definitions -- Domicile vs. Statutory Residency vs. Temporary and Transitory
- Successfully Changing Residency From State to State
- Tests Applied to Determine Residency and Best Practices for Record Keeping
Perils of Dual Residency - Audit Issues
- Scope of Residency Audits, Hot Topics
- Income Tax Audit Techniques and Statutes of Limitation
- Implications on Federal Taxes and State Re-Audits
Flipside of Residency - Nonresident Income Allocation
- Taxpayers "Resident" in a Single State, With Income Allocated Elsewhere
- Allocating Deferred Compensation and Employment Income - Audit Issues
- Allocation Issues Unique to Athletes and Performers
Taking Advantage of Resident Tax Credits
- Varying Treatment of Resident Credits at State and Local Levels
- Reciprocal Agreements
- Amending Returns to Revise Resident Credits and Audit Issues
Miscellaneous Topics for Taxpayers With a Presence in Multiple Jurisdictions
- Foreign Residency and Foreign Work Assignments
- Allocating Deferred Compensation
- Residency Checklist Items/Social Media and Intent/Case Studies
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Why Lorman?
Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Webinar
This course was last revised on August 21, 2018.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.5
- Alaska attorneys may receive 1.5 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.5
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- IL CLE 1.5
- This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
- ME CLE 1.5
- This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
- MO CLE 1.8
- This course qualifies for self-study CLE credit in Missouri.
- MS CLE 1.5
- This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.5 credit hours.
- MT CLE 1.5
- This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
- ND CLE 1.5
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.5 hours of CLE credit.
- NH MCLE 1.5
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
- NJ CLE 1.8
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
- NM CLE 1.5
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of credit.
- NV CLE 1.5
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
- NY CLE 1.5 including Areas of Professional Practice 1.5
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- PA CLE 1.5
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- TN CLE 1.5
- This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
- UT CLE 1.5
- This program has been approved by the Utah State Board of Continuing Legal Education for 1.5 CLE hours.
- VA CLE 1.5
- This program has been approved by the Virginia Mandatory Continuing Legal Education Board for 1.5 CLE credit hours.
- VT CLE 1.5
- This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of self-study CLE credit.
- WA CLE 1.5
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
- WI CLE 1.5
- This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
- WV MCLE 1.8
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.
This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Audio & Reference Manual
- AK CLE 1.5
- Arizona CLE 1.5
- CA MCLE 1.5
- GA CLE 1.5
- HI CLE 1.5
- IL CLE 1.5
- ME CLE 1.5
- MO CLE 1.8
- MT CLE 1.5
- NJ CLE 1.8
- NM CLE 1.5
- NV CLE 1.5
- NY CLE 1.5 including Areas of Professional Practice 1.5
- UT CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- AK CLE 1.5
- Arizona CLE 1.5
- CA MCLE 1.5
- HI CLE 1.5
- IL CLE 1.5
- ME CLE 1.5
- MO CLE 1.8
- MT CLE 1.5
- NJ CLE 1.8
- NM CLE 1.5
- NV CLE 1.5
- NY CLE 1.5 including Areas of Professional Practice 1.5
- UT CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
More Program Information
Why Lorman?
Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Daniel P. Kelly, Esq.
Hodgson Russ LLP
- Attorney in the Palm Beach, FL & Buffalo/New York, NY offices of Hodgson Russ LLP
- Practice emphasizes all aspects of New York State, New York City, Florida, and multistate tax planning, tax controversy, and abandoned property obligations and audits
- Conducts regular seminars and workshops on numerous aspects of state and local tax law, including presentations on multistate sales and use tax issues in the hotel industry, multistate tax residency and income allocation matters, and multistate unclaimed property matters in the last twelve months
- Author of several publications related to New York and multistate income, franchise, and sales tax matters
- J.D. degree, magna cum laude, SUNY Buffalo Law School; B.A. degree, magna cum laude, Syracuse University; admitted to practice in New York & Florida
- Can be contacted at [email protected] or (716) 848-1561
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More Program Information
Why Lorman?
Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
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- State Specific Credit Tracker
- Members Only Newsletter
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* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
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