Shaina Kamen

Shaina Kamen

November 05, 2020 | New York Law Journal

Social Distancing From the Home State: Domicile Planning Opportunities in Light of the Ongoing Pandemic

How should New Yorkers (and other urbanites) who are currently living elsewhere due to the pandemic handle their income taxes? There are important distinctions between "residences" and "domiciles" and potential tax savings to be had if changes become permanent. There is also a fair amount of scrutiny for those who keep ties to NYC, but live elsewhere. It's important for individuals to be aware of what the auditing process might entail before they make permanent changes.

By Mark E. Haranzo and Shaina Kamen

8 minute read