Counting down and domicile questions
We have a solid contract on our house, and will be full time on July 24! (Yeah!!!) I have some serious wondering about this whole domicile question? I know that the most popular states are Te...
Forum Discussion
Jim covered most of the issues already and did a good job. Some caveats regarding SD, (I can't speak for Texas) SD does have a 'wheel tax' for many of it's counties. We use Americas Mailbox in Pennington County which has no tax. SD has no income tax and only a 3% sales tax. (important if you're buying a new rig for full timing). You already have a Montana LLC so you know the rules there, or you just haven't been caught yet...:W...
Unless you're going to continue to work in your business you can choose your domicile State. That said, whatever state you choose, be sure to commit to that State. This means moving ALL your correspondence to that State...i.e. driver's license, registration, bank accounts voter registration etc. The IRS, which is the driving force looks at your "intent" in establishing residency. Just because your rig is reg in Montana does not make you a Montana resident. You establish your 'intent' by doing the aforementioned things.
Finally, check your medical plans. If you're on medicare, often the level of coverage is dependent on where you live. Choose this wisely so you will have coverage if traveling in another state.
Same deal with insurance on your rig. Only a handful of insurance companies will give you full timer coverage. Yes, you can get regular coverage but full timer coverage is like a homeowner's and car insurance policy. (covers you if someone gets hurt while visiting you and also covers other perils not covered with reg auto insurance)..good luck and safe travels...Dennis
Unless you're going to continue to work in your business you can choose your domicile State. That said, whatever state you choose, be sure to commit to that State. This means moving ALL your correspondence to that State...i.e. driver's license, registration, bank accounts voter registration etc. The IRS, which is the driving force looks at your "intent" in establishing residency. Just because your rig is reg in Montana does not make you a Montana resident. You establish your 'intent' by doing the aforementioned things.
Finally, check your medical plans. If you're on medicare, often the level of coverage is dependent on where you live. Choose this wisely so you will have coverage if traveling in another state.
Same deal with insurance on your rig. Only a handful of insurance companies will give you full timer coverage. Yes, you can get regular coverage but full timer coverage is like a homeowner's and car insurance policy. (covers you if someone gets hurt while visiting you and also covers other perils not covered with reg auto insurance)..good luck and safe travels...Dennis
