Tom Corrie, Principal and Director of state and local tax at Friedman LLP, recently spoke with Financial Advisor on how clients could face residency tax audits due to the pandemic related lockdowns.
“The actual triggering event occurs when a non-resident maintains a permanent place of abode in the subject state. Once the audit is triggered, the actual number of days spent in the state becomes relevant,” said Tom Corrie. “This type of audit focuses on statutory residency, where a non-resident is deemed a resident if certain criteria are met.”
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