Articles > Journals > Business and Economics journals > The CPA Journal articles > December 1996

Article: How to make a house a home

Article from:
The CPA Journal
Article date:
December 1, 1996
Author:
Copyright

Do you know where you live?

For many, it may not be such a startling question. With the proliferation of second/vacation homes, multistate business interests, migrating retiree's, and a wide variety of state laws governing who is or is not a resident or domiciliary, many individuals may not realize that they "live" or are legally resident for income or estate tax purposes in more than one state.

Each state's definitions of domicile and residence can vary appreciably so that an individual may quality in more than one location. Even Webster is confused on this topic. Domicile is a "person's fixed permanent and principal home for legal purposes" or "residence." But residence as defined in ...

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