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Establishing California Residency and Tax Burdens: Managing Partner Josh Maxwell Discusses with Mexico-based Media

Establishing California Residency and Tax Burdens: Managing Partner Josh Maxwell Discusses with Mexico-based Media

There are differences in what California residents and non-residents who earn income in the state pay in taxes. With these differences and other variables, it is important to know how to become a California resident,  Hone Maxwell LLP Managing Partner Josh Maxwell recently told Mexico-based media outlets.

However, “becoming a California resident carries a potentially very high tax burden. Therefore, it’s very important that taxpayers have proper planning and advice when in California or earning money from sources in California,” he emphasized.

The international tax attorney’s remarks appeared recently in Infobaja, and other Baja-California, Mexico-based publications, in response to questions regarding who the Franchise Tax Board (FTB) considers a California resident for tax purposes. 

“The FTB analyzes many factors to determine residency status, including: connections with friends and family, professional associations, voter registration, driver’s license, property ownership, employers, utility bills, bank accounts, children’s school, and anything else that shows a person was or is in California,” he said.

HMLLP is a California-based tax and corporate law firm that serves international individuals and businesses — including those in Mexico from its office in Tijuana. See more of Josh’s recommendations in these additional Spanish-language news reports:

 

Disclaimer: Hone Maxwell LLP articles and blogs are not intended as legal advice. Additional facts, facts specific to your situation or future developments may affect subjects contained herein. Seek the advice of an attorney before acting or relying upon any information herein.

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