Hot Topics in State Tax Residency: Audit Enforcement and Wealth Taxes

Hodgson Russ State & Local Tax Partner Tim Noonan recently presented during ParkBridge Wealth Management’s Spring Webinar Series on “Hot Topics in State Tax Residency: Audit Enforcement and Wealth Taxes,” focusing on how taxpayer migration and shifting tax policy are driving increased scrutiny.

Tim’s presentation covered:

• The rise in residency audits as taxpayers leave high-tax jurisdictions.
• Why New York remains a focal point, including heightened enforcement.
• How a potential California wealth tax is influencing behavior and raising nationwide concerns.
• What these trends may signal for future enforcement and planning