COVID-19: The Impact on Your State Residency and Taxation

Image: COVID-19: The Impact on Your State Residency and Taxation

November 9, 2020


Due to COVID-19, many individuals and families have left their primary residence in densely populated cities to reside in vacation and/or secondary homes. This has triggered a number of state and local tax (SALT) issues related to residency and income taxation, and those seeking to establish new residency as a result of COVID-19 must be aware of key determining factors. Join leaders from Marks Paneth and Fiduciary Trust International to discuss how states are treating residency and income tax in the wake of COVID-19 and what taxpayers must be aware of as they prepare to file in 2021. Our speakers will cover:

  • Domicile vs. Statutory residency
  • Double taxation/ state tax crediting provisions
  • New York’s “Convenience of Employer” rule
  • Issues facing NYC residents
  • Florida residency requirements
  • How residency affects your trust income taxation


James Brower
SALT Partner
Marks Paneth LLP

Jennifer Prendamano
Marks Paneth LLP

Gail E. Cohen
Chair of Fiduciary Trust’s Board
of Directors and General
Trust Counsel
Fiduciary Trust International