Residency Audits on Departing Californians
In the attached audio clip (click on photo above to listen), Spidell Publishing’s “California Minute” discusses a subject that is gaining traction with the California Franchise Tax Board. With California’s increasing taxes and regulations, many people are leaving the Golden state for greener pastures.
When a new nonresident taxpayer, especially one with high income, comes into the FTB’s sights, even before the taxpayer knows an audit is happening, the auditor will have pulled documents from other government databases and built the residency case.
(This is Blog Post #829)
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