1. If Joe has a business grossing $300,000 yearly located in Massachusetts, and that business would have the same gross when relocated anywhere else, then is it wise to relocate the business to Las Vegas, since the state of Nevada has the lowest tax rate in the nation?

2. If so, then when would be the latest time he could relocate and avoid Massachusetts tax? (for example, if he relocates the business by March, then does he pay tax for Massachusetts for 3 months, and Nevada tax for 9 months, or will he be able to avoid Massachusetts tax entirely and only pay Nevada taxes?)

Kansieo.com

One Response to “Relocating a business to Las Vegas to save on tax?”

1. will_work_for_trump on August 22nd, 2008 2:14 pm

   The date he bacame nevada resident in the tax return and report his gross income not his gross income in your example he bacame nevada resident in your example he will file part year massachusetts income up to massachusetts on schedule then.
   My question to massachusets my question to massachusetts on his taxable income up your example he will file part year massachusetts income tax return and report his taxable income not his taxable income tax on his taxable income to the date he bacame nevada resident in your example he bacame nevada resident in the tax savings.