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--- residence [2025/11/15 00:37] – created jhagstrand
+++ residence [2026/02/22 21:27] (current) – [Residence] jhagstrand
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 ====== Residence ======
+[[American Expat Retiree Financials | contents]]
 ===== Residence =====
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   * South Dakota: 0%
   * Washington: 0%
+**How to change state residency while abroad** \\
+https://www.greenbacktaxservices.com/knowledge-center/state-residency-while-abroad/ \\
+David McKeegan, co-founder and IRS enrolled agent \\
+“Each state has rules about who’s domiciled in the state.
+Your domicile is a fixed, principal, and permanent home that you reside in, and that you intend to return to or remain in.
+This gets tricky because it’s based on your intent. But it gets hard to know somebody’s intent. So we need to look at your actions.”
 ====== Residence Strategy ======
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     * International: Accepts deposits only in USD, with non-USD deposits converted (often at a 1% fee or higher, depending on currency), which can erode value for those paid in other currencies (e.g., CHF, EUR).
   * Investment Options:
-    * Domestic: Includes stocks, ETFs, mutual funds, bonds, options, futures, forex, and fractional shares (Stock Slices for S&amp;P 500 stocks).
+    * Domestic: Includes stocks, ETFs, mutual funds, bonds, options, futures, forex, and fractional shares (Stock Slices for S&P 500 stocks).
     * International: Offers stocks, ETFs, bonds, options, and offshore mutual funds, but excludes futures and forex. Fractional shares may be unavailable or limited.
   * Tax Forms:
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 ====== Resources - lawyers ======
-=== Juslaws &amp; Consult International ===
+=== Juslaws & Consult International ===
 https://www.juslaws.com/contact-us\\
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 Among them: running afoul of IRS rules and **keeping too few bank and credit accounts back in the U.S.**\\
 For the 380,000 retirees who live abroad, according to the Social Security Administration—up from 307,000 in 2008—the potential missteps are numerous. Amid a U.S. crackdown on money laundering, tax evasion and non-compliance with tax-reporting obligations, **some expats are being cut off by their banks and brokerage firms**. Others are running afoul of the Internal Revenue Service. Many are discovering that tax treaties don’t always fully protect them from double taxation.
+opposing opinion:\\
+U.S. Brokerage Accounts for American Expats\\
+By Jake Mongler, CFP®, MBA, at Creative Planning\\
+https://creativeplanning.com/international/insights/taxes/brokerage-account-closure-american-expats/ \\