Some taxpayers own multiple homes in different states and travel back and forth between them. Purchasing and traveling between multiple permanent abodes Many taxpayers don’t know about this technology, putting tax advisors in a strong position to bring something to their clients.Ģ. Today, there are ways to automate location tracking and digitize the collection of data to show proof of domicile and residency. You’ve probably heard the same stories that we have about people trying to establish and prove their domicile and residency - shoeboxes full of paper receipts, handwritten diaries, strategic credit card swipes, and even people posing for photos in front of their homes holding the day’s newspaper. When it comes to audits, the taxpayer is “guilty until proven innocent” and the burden of proof is on the taxpayer.Ĭollecting this data does not need to be as onerous as it once was. In addition, help your client collect as much data about their day-to-day whereabouts as possible so that they can prove that they did indeed move and are spending the majority of their time in the new state. This will show that the taxpayer has indeed moved and intends to stay in the new state. One tip is to minimize the number of demonstrable ties to the original state. If your client is in the highest income tax brackets and they move, consider an audit a certainty and help them be prepared. Millions of dollars are at stake, and as a result, this trend is prompting states to become more aggressive with domicile, residency and non-residency audits, and they are conducting these audits with a higher level of scrutiny. She was named the ""Outstanding Discussion Leader"" in 2009 by the Society of Louisiana CPAs and by the AICPA in 2010.As people continue to flee high-tax states like New York, California, Connecticut, New Jersey and Illinois, and are moving to low- or no-income tax states like Florida, Arizona, Wyoming, Texas and the territory of Puerto Rico, high-tax states are losing a significant amount of tax revenue. She is a member of the Society of Louisiana CPAs and the American Institute of CPAs. She is fully licensed to offer investment and insurance products in several states.Īnne is a graduate of Loyola University in New Orleans, with a BBA in Accounting. She passed examination and met the other requirements to qualify as a Certified Financial Professional® in 2011. In 2009, she began working with Oestriecher Financial Management Services as an Advisory Representative, providing a full range of financial planning services to individual and small business clients. She also managed accounting staff responsible for several technical accounting areas, and served as a consultant to other departments in writing and implementing new policies and procedures.Īfter the acquisition of Hibernia by Capital One in 2005, Anne began her own practice providing consulting services to small businesses and instructing continuing professional education for CPAs across the country. She was responsible for implementing new accounting policies, educating directors, senior management and the finance group staff on various accounting issues, documenting internal controls in accordance with FDICIA and later, Sarbanes-Oxley Act Section 404. In 1993, Anne moved to Hibernia National Bank, and served as the Accounting Policy & Control Manager. Her client base was focused on the financial service and not-for-profit industries. "Anne began her career with Deloitte & Touche, spending 8 years in the audit department.
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