This presentation walks through 2021, 2022, 2023 and 2024 tax returns of a military couple that unnecessarily paid over $40,000 from 2020 to present in state taxes. It demonstrates the importance of understanding military domicile and the tax impacts of filing incorrectly.
Objectives
Upon completion of this session, you will be able to:
- Apply home of record, domicile and residency knowledge
- Identify when you should not amend
- Detect when your tax software is giving you the wrong output
- Recognize opportunities available to military personnel when military service causes shifts in income
- Understand the Status of Forces Agreement (SOFA) when spouses work while stationed overseas
