Leaving New York to Get Tax Relief? Prepare to Be Audited

Wealthy New Yorkers who plan to flee to more tax-friendly states like Florida should expect to be audited, tax practitioners told Bloomberg Tax.

Tax advisers have put together lengthy checklists for clients who want to leave the state as a result of the new federal tax law’s $10,000 limit on state and local tax deductions. It’s not enough, for instance, to simply register to vote and get a driver’s license in the new state, they said.

“Essentially, you have to cut your contacts with the state if you want to sleep at night,” said Stanley Ruchelman, chairman of the law ...