Tax Stringer

Authors: Jennifer S. White

In an earlier column, we addressed the New York State Department of Taxation and Finance’s (the “Department”) aggressive nonresident audit program and the unique challenges that arise when a taxpayer’s change of residency is followed by a transaction in which he or she recognizes a large capital gain. (Defending New York Residency Audits that Target Capital Gain). In this column, we address another type of audit where the Department has demonstrated a propensity for aggressively pursuing full resident taxation. These audits involve individuals who have claimed a change of domicile to a foreign country.

Read more at Tax Stringer.