Who's got tax tips on moving to NV

Pro tip: if you "move" to NV, you better move to NV. Don't try to cheat the system. Hire an accountant.




Mark

 

Pro Tip:

Change your F chat Profile location to prevent audits.

 

The tax benefits are basically for residents. You need to work with a decent accountant. The problem with California, unless you move 100% out they can get you tax wise. They have resident, part time resident and even non resident can be all taxable if you earn income in California.

 

Thanks for reminding me that I needed to change that.





Mark

 

reminder two:

Your turn to change the baby.

 

Yes I totally agree. California will come after you and it will not be pretty.

Get a pro and avoid paying more.

You can legally move to Nevada. What you need to make sure of is that you officially moved out of California.

 

Do what now?




Mark

 

Part of the caveat is stuff like this:

Calif. Tax Board Urges High Court To Weigh Inventor's Suit - Law360

 

I have some experience with the CA tax board. If they find any evidence of income sourced in CA, they'll go after you. Same with having a out of state registered car. In fact neighbor state plate, if seen by the CHP, they'll check you out.

 

True. But if you keep a place in California you can become a part time resident. They tax all income even non CA income for as long as you are present in CA. Once a resident of CA, its very hard to get out of the tax system, unless you move 100% out of CA.

"How California taxes residents, nonresidents, and part-year residents
•California residents - Taxed on ALL income, including income from sources outside California.
•Nonresidents of California - Taxed only on income from California sources.
•Part-year residents of California - Taxed on all income received while a resident and only on income from California sources while a nonresident."

source: https://www.ftb.ca.gov/individuals/fileRtn/Nonresidents_PartYear_Residents.shtml#how_taxed

 

Anyone know how CA taxes work for stock market money? Dividends, cap gains from trading sort of thing. If out of state resident, this wouldn't be 'CA sourced', since it's just a few clicks on a brokerage website, but if I were visiting(as a non-resident) CA while clicking, who'd get my taxes? CA or my official state of residence?

 

Want to make sure I understand this.

If you own a company based in California, but you are a resident of Nevada, when you sell the company it isnt subject to California state tax ?

 

interesting information!

 

I left that DOPEY state in 1989. I wouldn't live there for FREE !!! Vegas has everything you could possibly desire. The Greatest Concerts ( 15 for me in 19 ) , Excellent Restaurants,VGKnights,Raiders, close to Mt Charleston and NO State income Tax ( for those who are still employed ) .

 

I have been looking at this move for a while now. As a work from home employee/contractor for some of the tech giants, I am trying to get out of the "gravitational pull" of the state FTB. I have no options for C2C, only W2.