Bailey & Utley, CPAs
Category
General Information
Locality: San Leandro, California
Phone: +1 510-614-1895
Address: 303 W Joaquin Ave, Ste 280 94577-3648 San Leandro, CA, US
Website: www.bucpas.com/
Likes: 32
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If you’re thinking about relocating to another state in retirement, consider the impact of state and local taxes. It may seem like a state with no income tax is a smart choice, but you also have to factor in property and sales taxes, as well as any state estate tax. If you make a move to a new state and want to escape taxes in the state you came from, it’s important to establish legal domicile in the new location. How? Take steps such as buying a new home, changing your mailing address, registering to vote and getting a driver’s license in the new state. Before deciding where to live in retirement, do some research and contact us. We can help you avoid unpleasant tax surprises.
If you’re thinking about relocating to another state in retirement, consider the impact of state and local taxes. It may seem like a state with no income tax is a smart choice, but you also have to factor in property and sales taxes, as well as any state estate tax. If you make a move to a new state and want to escape taxes in the state you came from, it’s important to establish legal domicile in the new location. How? Take steps such as buying a new home, changing your mailing address, registering to vote and getting a driver’s license in the new state. Before deciding where to live in retirement, do some research and contact us. We can help you avoid unpleasant tax surprises.
It is important to remember that significant life changes can greatly affect your financial future. Homeownership, marriage, family additions, business ventures, retirementyou name itwe can advise you on the right strategy to implement moving forward.
It's never to early to get prepared...2018 tax deadline will be here before you know it.
It's never too early to get prepared...2018 tax deadline will be here before you know it.
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