“What could be worse that being a resident of a high tax state?” asks partner Wayne Berkowitz, CPA, J.D., LL.M., leader of Berdon LLP’s State and Local Tax Group. His answer: “Being a resident of two high tax states.” He then relates two ways that taxpayers can fall into this trap and suffer the financial hit of double taxation — and offers ways to reduce the impact.

If you have any questions, speak with your Berdon advisor or contact Wayne Berkowitz at 212.331.7465 | [email protected].