Tax, Audit, Firm and Regulatory News

Residency and Non-residency: Navigating State Individual Income Tax Rules

In this webinar recorded on August 19, 2025, William Hendrick discusses state individual income tax, focusing on residency and non-residency. The presentation explains key concepts like domicile, statutory residency, and sourcing, detailing the ramifications of being a resident or non-resident in various states. It highlights the variability of state rules, emphasizing the need for meticulous attention to each state’s unique tax regulations. The webinar also covers strategies for avoiding double taxation, the impact of remote work on tax obligations, and recent trends in state tax policy. This webinar underscores the importance of thorough documentation and professional advice, especially when making significant residency changes.

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A smart gifting strategy: why the annual gift tax exclusion matters more than you think

Mar 16, 2026

When we talk about gifting as part of a tax strategy, many people assume it’s something only the ultra-wealthy need to worry about. But gifting is actually one of the simplest and most powerful financial planning tools available – and a thoughtful gifting strategy can make a meaningful difference for your family, both now and in the long run.

Why estate taxes aren’t the only inheritance-related costs to consider

Mar 10, 2026

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances – even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.

Understanding Basis and Other Limits on Loss Deductions

Mar 2, 2026

Understanding when you can deduct losses isn’t as simple as looking at your tax basis. Additional layers including the at-risk rules, passive activity loss limits, and the excess business loss limitation determine how much loss you can claim and when. This article breaks down each rule and explains how they interact so taxpayers can better anticipate the tax impact of their investments and business activities.

Residency and Non-residency: Navigating State Individual Income Tax Rules

Related News Posts

A smart gifting strategy: why the annual gift tax exclusion matters more than you think

Why estate taxes aren’t the only inheritance-related costs to consider

Understanding Basis and Other Limits on Loss Deductions

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