The main way to avoid the New York City residency tax is to not live in the city. You may have a second home in the city but your primary residence needs to be elsewhere. If you spend 182 days or less in the city you can avoid paying the New York City residency tax.
Avoiding the New York City residency tax can be tricky and you don't want to risk getting audited. It's important to keep track of your books and records so you can avoid paying the residency tax. Once you’ve spent 183 days in the city you will be qualified to pay the residency tax.
Avoiding the New York City residency tax can be difficult for people who work in the city. If you spend a second in the city, it counts as one day. Ensure you keep detailed records to avoid the NYC residency tax and contact Anil at 212 Tax Accounting Services.
If you want to save money on sales and taxes, learn more at TGCPAS.com or call us at (212) 475-1040, to schedule a consultation.
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