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Articles Posted in California nonresidents and liquidity events

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Are 40% of Californians on the Verge of Leaving the State? Not Really, But a New Poll Tells a Tale of Discontent

What’s Happening  A recent poll of adult California residents shows the vast majority are satisfied with the state, but about 40% are considering leaving. Only 18% of those say they are considering a move “very seriously.” The major reason given for a possible move is economic: over 60% say living…

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Moving to California After a Liquidity Event: A New FTB Case Highlights All the Mistakes Nonresidents Can Make

The Case A recent case from California’s Office of Tax Appeals brings some clarity to how strictly  California dates a change of residency for income tax purposes when a nonresident claims to have moved to California shortly after a liquidity event. The case, Appeal of Housman, OTA Case No. 18010200…

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