By Paul Morrone CFP®, CPA/PFS, MSA
Snowbirds are faced with an increasingly complex challenge, proving their state of residence for tax purposes. While the proverbial six-month-and-a-day rule may be a good place to start, it is not necessarily so cut and dry. States are challenging residency status more frequently following retiree and wealth migration trends as relocation to low or no-tax states becomes a more frequent occurrence. Precedents are being established which may force wealthier taxpayers owning multiple properties to make more calculated moves as they consider a residency change.