Did COVID-19 Change Your New York State Tax Residency?

If you have more than one home and COVID-19 altered certain of your activities, you could have a tax problem. Due to COVID-19, many taxpayers left one home for another home or were unable to change locations because of travel limitations. If that describes you, it could have affected your residency for state tax purposes and may leave you with an unwelcome tax bill next year.

Here are 10 situations which could raise tax concerns:

1. How much time did you spend in New York?
2. Did you move outside New York City to get away from COVID-19?
3. Have you become more active in your New York business?
4. Were you trying to sell your New York home to move out of state?
5. Did you get COVID-19?
6. Where were you educating your children?
7. Have you put repairs on your home on hold?
8. Do you normally reside outside the country but came back due to COVID-19?
9. Are you telecommuting for work?
10. Do you plan to leave New York permanently?

New York State tax residency is a highly involved and complex area of law. During these unprecedented times, it is crucial to speak to a qualified tax attorney to avoid potential tax issues.

To learn more about COVID-19 and New York tax residency, read our article – 10 Ways COVID-19 Can Change New York State Tax Residency.

If you have a tax problem, contact us for a free 15-minute consultation.