Hrb itc ca 2024 exam - Study guides, Class notes & Summaries

Q: What is the difference between domicile and residency? . A: Your domicile is your one true, permanent home (the place to which you intend to return when absent). Residency, for tax purposes, is usually the place where you currently have the most substantive connections for an indefinite period of time Q: How do you determine if an individual is a resident of California? A: Either of two tests: • You must determine if they have been in California for other than a temporary or tr...

Q: What is the difference between domicile and residency? . - ANSWERSA: Your domicile is your one true, permanent home (the place to which you intend to return when absent). Residency, for tax purposes, is usually the place where you currently have the most substantive connections for an indefinite period of time Q: How do you determine if an individual is a resident of California? - ANSWERSA: Either of two tests: • You must determine if they have been in California for other than a tem...