In this episode of Saving With Steve, host Steve Sexton is joined by Brad Galbraith, an attorney, CPA, and creator of ChangeMyDomicle.com, along with Chief Valuation Officer, Polina Ryshakov, and Chief Marketing Officer, Shane Steele, of Sundae.
Last year in the state of California alone, over 663,000 people moved out of state to states with lower or no state taxes. The same thing is happening to all high-tax states like New York, New Jersey, Illinois, and more. The reality is a state like California doesn’t want to lose your tax dollars and will do everything to keep you paying, so it’s important to learn how to pass your state’s domicile test.
My first guest today, Brad Galbraith, is an attorney, CPA, and creator of ChangeMyDomicle.com. He joins us today to discuss how every state has its own test for domicile and why failing to pass the test comes at a very high price.
Brad shares how ignoring your current state’s laws regarding domicile could lead to unnecessary stress, audits and income tax, and estate tax claims by your current state even after you have attempted to change your domicile. He also talks about five things to consider before changing your domicile, how to change your state’s registry, and how to defend against an audit in reference to your domicile state.
.css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!