Differences

This shows you the differences between two versions of the page.

--- residence [2025/11/16 06:12] – jhagstrand
+++ residence [2026/02/22 21:27] (current) – [Residence] jhagstrand
@@ Line 1: / Line 1: @@
 ====== Residence ======
+[[American Expat Retiree Financials | contents]]
 ===== Residence =====
@@ Line 51: / Line 53: @@
   * 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 ======
@@ Line 442: / Line 454: @@
 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/ \\