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Taxes, Credit Cards, etc with no home base
My wife & I are going to be traveling permanently from next year and will be making our way round the US, staying in each state about five weeks at a time.
We’re therefore thinking of relocating to Florida first as there’s no state tax and they have several remailing companies that will take care of your mail, help you set up residency, etc.
One thing I read that concerns me though is that although the remailing companies give you what acts like a street address, the Patriot Act means some financial companies will ask for an actual home address or they might restrict / close your accounts.
Does anyone here have any experience with this? Also happy to accept any other tips about changing residency to FL, finding a good tax professional there, living with no home base, etc.
Hi [USER=3045]@Stephen P[/USER], and welcome!
I am not an expert, but when we had a few years of being true nomads, we were advised that we needed to have a home *somewhere* in order to be able to claim nexus in a state. We “moved in” with my Dad in Texas during that time, for all the reasons you’re listing. I don’t think you can just change your mailing address and decide to be a FL resident for tax purposes, though the companies you’re referencing would probably be able to tell you more.
Sounds like a fun adventure!
Thanks! The articles I read seemed to suggest that Florida makes it quite easy for you to become a resident, but I’ll have to look into it more. I was thinking that if we actually moved down there for a month and set up our residency, changed driver’s licenses, etc. that it might be fine.
We wouldn’t be maintaining any ties with our current state as we’ve already sold our home.