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Glenn Rybacki gives an in-depth summary on what domicile is and the preparations necessary for a potential audit in "Domicile Changes and Audits Increase in Connecticut," his latest entry in State Tax Notes. Like many states, Connecticut taxes a taxpayer's income if they are either domiciled or a resident of the state. Two concepts that will often confuse and cause issues for a taxpayer. Recently, a growing number of residents of Connecticut have been looking to change their domicile to another state, causing the number of income tax and estate tax audits to increase. Changing domicile is a difficult process and the state will not make it any easier. It requires expert advice, detailed planning and an understanding of the process. Rybacki explains domicile and the process for changing it.
The ABA recently published the 25th Edition of The Property Tax Deskbook.
Day Pitney Partner Dina Kapur Sanna was a panelist on the session, "Where Should I Locate My Structures?," at the Transcontinental Trusts International Virtual Conference.
Due to the COVID-19 pandemic, this year's annual Day Pitney Palm Beach Family Office Forum, which had originally been scheduled for April 28 and 29, has been postponed to hopefully be rescheduled for later this year.
Day Pitney Press Release
On May 8, Amy Lonergan was a panelist on a webinar, "COVID-19 and Election Year Wealth Transfer Strategies," hosted by the Family Wealth Alliance.
Day Pitney LLP represented Pula Capital Management LP (Pula), a newly formed investment manager based in Virginia, in connection with (i) the acquisition of a minority ownership interest in Pula by Felton Group, LLC (Felton Group), and (ii) an investment by Felton Group in Pula Capital Fund, LP, a newly formed fund managed by Pula that intends to employ novel mathematical techniques and a proprietary, systematic predictive model to trade a diversified long-short portfolio of liquid U.S. equities.
Glenn Rybacki authored an article, "Connecticut's New Budget is Packed with New and Expanded Taxes," which was published in the July 2019 issues of the ConnTax edition of State Tax Notes.