Tennessee residency

FL and TX seem to be the top two. Never heard of anyone using TN as a full timers home base.

What you should do (if financially possible) is buy a small tract of land in a rural area. Most counties in TN have ZERO zoning in areas that are outside of city limits. Do some very minor improvements, like a driveway, get it mowed 3-4 times a year, and go for it. Putting in a driveway and improvements will get you a physical street address.

Most UPS stores offer "suite" addresses as well, along with forwarding services. In your shoes I would find a list of stores online and actually CALL to make sure they offer that service.

Get your driver's license moved and register to vote using the physical address of your property. You will break even very quickly in Tennessee's low tax environment.

Driver's licenses may be renewed ONLINE in Tennessee, for an extended amount of time like 15 years. They are good for 5 years.

Property is cheapest in west Tennesse. (flat, but nice people.) Look in Gibson, Crockett, Haywood, Fayette, Hardeman, McNairy. Madison county is where Jackson is and it would be more expensive. The tier of counties along the southern border as far east as Marion county are very rural, also more hilly and prettier. Along the northern border, all the counties between Sumner and Sullivan are extremely rural, more rugged country, very very pretty. The next tier south of those is also very rural.

You won't find the services and amenities ANYWHERE that you have in Michigan, but you will find, as you know, very little in the way of taxes, also.

You will also find it an absolutely beautiful state, especially in the spring and fall.

I copied this from a website...something to be aware of: The Tennessee income tax does not apply to salaries and wages, but most income from stocks, bonds and notes receivable is taxable at a flat rate of 6%. The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt.

“You won't find the services and amenities ANYWHERE that you have in Michigan, but you will find, as you know, very little in the way of taxes, also.”

California has high taxes AND no services or amenities.

Why try to re-invent the wheel? Florida, Texas, and South Dakota are the states most full timers claim as their residency. There are companies in all three states that cater to full timer and can assist with mail and forwarding, insurance, vehicle registration, driver's licenses, and voting registration. I think you need to do more research.

stallsmi wrote:
I copied this from a website...something to be aware of: The Tennessee income tax does not apply to salaries and wages, but most income from stocks, bonds and notes receivable is taxable at a flat rate of 6%. The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt.

That's the Hall income tax and it has been repealed and is currently being phased out. The rate is 3% this year, and will be gone by 2021.

tenn your choice,talk to a att and a cpa in the area your looking at . att might cost couple bucks, cpa free.

DownTheAvenue wrote:
Why try to re-invent the wheel? Florida, Texas, and South Dakota are the states most full timers claim as their residency. There are companies in all three states that cater to full timer and can assist with mail and forwarding, insurance, vehicle registration, driver's licenses, and voting registration. I think you need to do more research.

X2 The CPA in me thinks that you must be missing something in TN or more would be doing it

stallsmi wrote:
I copied this from a website...something to be aware of: The Tennessee income tax does not apply to salaries and wages, but most income from stocks, bonds and notes receivable is taxable at a flat rate of 6%. The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt.

1. The Hall tax is been phased out. Hall tax rate.

2. I do not know of any mail forwarding services in TN.

3. I lived in TN at one time. Now I live in SD.

Pick kentucky, alabama Arkansas, Mississippi. Much the same as Tennessee, don't know anything about prices or taxes in any of them. Beware Tennessee at all costs! Severe overcrowding in some places, and getting worse. Population in our area is almost 3 people per acre.