Monthly Archives: September 2020

multi state residency

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HOMENEWSMULTI-STATE RESIDENCY – WHAT YOU NEED TO KNOW
NEWS
Multi-State Residency – What You Need to Know
AUGUST 16, 2017
MBAF’s Gary M. DuBoff discusses multi-state residencies with the TAXPRO Journal.

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“Home is where the heart is” is an old expression that may not exactly fly with a taxing authority examiner. The tax concept of domicile can be complex, particularly when you encounter a client who may spend time in, and receive income from, multiple states. The IRS and most state tax authorities define domicile as “the place where the taxpayer has his true, fixed, permanent home.” That’s what is legally known as domicile, or permanent residence.

It’s important to point out that the “domicile” does not necessarily apply to any one specific dwelling. In other words, you can have many homes or residences, but from a legal and income tax point of view, you can only have one domicile, or permanent residence. However, many states will pursue a case to tax a person even though that state is not necessarily the taxpayer’s domicile by establishing what they consider statutory residence. They do this by declaring you a resident of the state after you have been in the state for a certain number of days.

With tax laws and tax rates differing from state to state, where you establish domicile can have a significant impact on state income tax and, potentially, your state estate tax.

Primary and Secondary Factors
When it comes to determining domicile, most states employ primary and secondary factors. The five primary factors are:

Home
Active business involvement
Time
Items near and dear
Family connections
In terms of a multi-state residency audit, domicile is almost always determined based on these primary factors. A look at secondary factors will only be done when an equal case for domicile can be made by another state based on the primary factors. The other factors that could be brought into play include but are not limited to:

Declaration of domicile
Mailing address
Safe deposit box
Voting
Car, boat and plane registration

Rich quarantine Colorado

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Usa news
How Colorado emerged as the quarantine location of choice for rich Americans and a haven for millennials looking to escape the coasts
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18 hours ago
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Steven Shane, Compass’ top agent in Aspen, Colorado, has $1.084 billion in property under contract.

His figure from the same period last year — the 35 days to September 30 — was $111 million, he said.

“We’ll close more than nine times what we did last year in dollar value,” he said. “Almost 10.”

Shane, who has worked in the Aspen market for 20 years and ranks among Real Trends’ top 20 agents nationwide, said the market had welcomed a huge influx of buyers since the onset of the pandemic, despite agents’ inability to show properties from March through May.

Craig Morris, a top Sotheby’s agent, said he’d had a similar experience in Aspen.

Where he generally has five to 10 properties under contract at a time, he has 24 right now, he said, and his 42 closings this year have already outpaced his yearly average of 30 to 35.

“It has become glaringly apparent that people have been moving from densely populated cities to an environment that provides open space,” Shane said.

“Even though we were unable to show property, if you were to look at Aspen-specific sales in 2020 from January 1 to date” — through August 25 — “we sold $916 million worth of real estate. In the same time frame last year, $647 million in sales. So even though we were unable to show for three months, there’s been a YTD increase of 30%.”

Zillow data shows that median list-price and sale-price numbers are up year-over-year in Denver and popular suburbs like Colorado Springs and Fort Collins. Price cuts and inventories for sale saw major drops in all three markets — inventories in Denver, Colorado Springs, and Fort Collins were down by 28.3%, 7.1%, and 18.2%.

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UBS said in an August research note that it thinks the trend of “interstate migration to lower-cost, more tax-, business-, and regulatory-friendly states” is “structural in nature,” meaning permanent.

In short, people are moving to states a lot like Colorado.

The Rocky Mountain state is hot, especially with millennials

Denver is especially attractive to millennials, ranking second on a SmartAsset list, published in June, of the most popular cities for movers of that generation. It’s increasingly attractive to companies as well — the Silicon Valley firm Palantir Technologies relocated its headquarters to Denver from Palo Alto in August.

The Denver suburbs also boast one of the richest neighborhoods in the US; Cherry Hills Village was the only neighborhood not in New York or California to make the top five in Bloomberg’s annual ranking.

In December, US News & World Report said Colorado was the eighth-fastest-growing state. Census data released in May indicated that Denver ranked among the 15 cities with the largest numeric increase in population over the past decade (from April 1, 2010, to July 1, 2019).

Many millennials (and rich millennials in particular) have been flocking south and west over the past few years, and Colorado is a favorite spot.

Business Insider talked with eight 20- and 30-somethings who had moved to the …read more

Source:: Business Insider

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Five gallon water bottle floats 41 pounds

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A bottle full of air will give you the same bouyant force as an equal weight of water. A gallon of water weighs 8.3 lbs, so 5 gallons of water weighs 41.5 lbs.

That means that four such bottles will give you 166 lbs of bouyant lift. Enough to lift a light person, but you have to consider the weight of the craft itself. Even if the whole thing only weighs twenty pounds, will you have enough lift for yourself, along with any clothes, gear, and fish you might catch

cuben fiber now called dyneema

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Dyneema Composite Fabric – Wikipedia

Dyneema Composite Fabric (DCF), formerly known as Cuben Fiber (CTF3), is a high-performance non-woven composite material used in high-strength, low-weight applications. It …
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0.51 oz Dyneema/Cuben Fiber Fabric | CT1E.08 – Ripstop by the Roll

Ultralight Dyneema Composite Fabric (formerly Cuben Fiber) from DSM. DCF is a non-woven, laminate fabric …
Weight: 0.51 oz/yd 2
Colors: Gray (Natural), Blue (BL3), Olive Green (OD2)
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Dyneema® Composite Fabric (Formerly Cuben Fiber). Dyneema® Composite Fabric is constructed of a grid of white Dyneema® threads laminated to a thin …
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Dyneema® Composite Fabrics (DCF) and Cuben Fiber Explained
DYNEEMA® FIBER + DYNEEMA® COMPOSITE FABRICS (FORMERLY CUBEN FIBER) TECHNOLOGY. Heralded as the most revolutionary new material …
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Tent Fabric 101: Nylon vs Polyester vs Dyneema/Cuben – SlingFin
Feb 25, 2019 · UV radiation penetrates farther (as a percentage of total fiber thickness) into smaller diameter fibers. There are fabric coatings designed to lessen …
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Mountain Laurel Designs Doumid – Cuben Fiber Review – Section Hikers …
Andy Howell has also published a review of the cuben fiber version, which I also suggest you read if you’re tempted to lay out $405 dollars for this outrageously …
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Cuben Fiber vs. Dyneema Composite Fabrics: What’s the Difference …

Apr 24, 2018 · Trick question. They’re the same thing. Last year, Dyneema acquired the Cubic Tech Corporation, the primary manufacturer of cuben fiber, and …
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Reader question: Are Cuben Fiber shelters & backpacks worth the cost?

Mar 8, 2017 · Cuben Fiber, also known as Dyneema Composite Fabric (DCF), is a grid of Dyneema fiber — which is the strongest fiber in the world, at 15 times …
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Dyneema Composite Fabric – Make Your Own Gear | Dutchware Gear

Dyneema® Composite Fabrics, formerly Cuben Fiber, takes strength and durability to new highs. Dyneema® Composites dramatically increase tear, puncture, and …
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