Multistate taxation: How the laws may trip you up

Description

Abstract: People splitting their time between two or more states need to watch out for double taxation. The laws regarding multistate taxation are complex and they vary from state to state. And, while many states offer credits for taxes paid to other states, these credits aren’t always available. This article provides an overview of some of the concepts related to multistate taxation, such as domicile, residence and income source. A sidebar lists a variety of factors that courts and taxing authorities consider when determining domicile.