T&T: Maintain a residence somplace!!

[Scott E. Bulger]

Larry asked:

 

This discussion of dinghies and documentation opens a couple other
questions.

I live in Louisiana, have my driver's license, mailing address and dink

registered here. Big boat's documented. I established a mail forwarding

service in Islamorada. Now, I'm trying to figure out how to tie this whole

mess up when we sell the house and go cruising. I'll need a driver's license

and dink registration in some state. Voter registration. Address for my

documentation. If I become a Florida resident, will I be forced to pay taxes

on Cigano who was originally purchased in TX and never taxed?

 

 

Scott Shares:

 

a.        You MUST maintain a residence someplace, it's the only way to
solve MANY problems.  You will be amazed at the number of places that need
your "residence address".  Do you have a friend, family member that will let
you use their address?  Rent a closet of shelf in the garage for $1/yr or
something so you can at least say you "rent"!

b.      Get your name on someone's auto policy, if you rent a car or return
to the US and can't prove you had a policy for the last 2 years you will not
get low cost auto insurance.

c.       If you become a FL resident you run the risk of USE TAX, or
Personal Property Tax.  GET ADVICE FROM A TAX ATTORNEY, DON'T TRUST HEAR SAY
OR LAY PERSON ADVICE (including me!)!

d.      Understand and follow the laws about how long you can be in a state
without falling into their tax jeopardy.  

I have to run, but this is sure to garner a lot of comment

 

Scott Bulger, Alanui, N40II, Seattle WA

Alanui is for sale, visit www.alanui.talkspot.com for details