Dual residency in multiple states within the US borders is a sought-after and highly prized status. When investigating how you can be a resident of two or more states at one time, you may find suggestions that the process is quite easy. Or you may hear from a friend or neighbor that they are currently doing it, and have had no problem. The issue surrounding dual state residency, is that quite frankly, it is a myth. No one person can legally be a resident of two or more states at any given time. BUT, it is possible for you to be a resident of one state and your spouse to be a resident of another. Can it be that simple though?
It takes a unique set of circumstances for spouses to split their residency. While it is generally illegal for one person to have two different state driver’s licenses, it is very easy for spouses to have driver’s licenses from separate states. So, can a new driver’s license be the solution to your residency problems? Unfortunately not. There is a comprehensive list of action items to correctly split residency and each item is critical toward dual residency success.
ResidencyHQ specializes in helping those who own multiple houses in varying states split their residency between them. If the conditions are right, we can help you reduce your costs in each state, minimizing your exposure to exorbitant non-resident property and income taxes. It takes an intricate knowledge of not only state level taxes, but also local taxing authorities who are normally charged with enforcing the state’s rules surrounding residency. Our breadth of knowledge in this area is second to none. In fact, we may be one of the very few (if only) companies to provide such a service.
Please contact us to inquire whether you might qualify for split state residency. Dual residency can save you thousands, if not tens of thousands of dollars. ResidencyHQ has the experience and tools to help you, so take advantage of our first-hand knowledge, and start saving money today!