Where you hang your hat – Your state domicile impacts multistate taxation

Description

Abstract: The laws about 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. It also lists a variety of factors that courts and taxing authorities consider when determining domicile.