Changing State of residence to Texas ???
We are thinking of changing our state of residence from Minnesota to Texas. Primarily because there is no State income tax in Texas. Who has done this & what was the process. We own Real Estate in Tex...
Forum Discussion
http://www.revenue.state.mn.us/individuals/individ_income/factsheets/fact_sheets_fs1.pdf
The above link is to the MN Revenue Dept web site. Pay close attention to the 183 day rule. In my former life (before retirement) one of my job functions was determining residency appeals of students for a major university in the United States.
MN is like most states in that you must be pro active in order to change residency. Just changing your address is not enough. You should change everything that that you normally do in MN to Texas. You will be able to get away with some dual items such as bank accounts in both places, but the preponderance of evidence such as registering to vote, vehicle insurance/registration, drivers license, etc must be in Texas.
I have considered doing the same thing with a move from NJ to TX......... but the heat in Texas is just keeping me from doing it. Right now Dec thru March works for me..... after March it is just too hot.
The above link is to the MN Revenue Dept web site. Pay close attention to the 183 day rule. In my former life (before retirement) one of my job functions was determining residency appeals of students for a major university in the United States.
MN is like most states in that you must be pro active in order to change residency. Just changing your address is not enough. You should change everything that that you normally do in MN to Texas. You will be able to get away with some dual items such as bank accounts in both places, but the preponderance of evidence such as registering to vote, vehicle insurance/registration, drivers license, etc must be in Texas.
I have considered doing the same thing with a move from NJ to TX......... but the heat in Texas is just keeping me from doing it. Right now Dec thru March works for me..... after March it is just too hot.
