Gerbil Wheel
Recycles dryer sheets
- Joined
- May 1, 2010
- Messages
- 83
Hi all. I’m trying to decide whether to keep my automobile registered in my current state of residence (Tax State) after obtaining a virtual mailing address in Florida (FL) this upcoming December. (With a virtual mailing address, I would be able to view my mail through a web browser and choose what to discard, have scanned, or physically sent to me). I plan to remain working and living in Tax State for six months after the address change, then sell the vehicle and not replace it.
I took a voluntary buyout from megacorp in June. I am now consulting for them in Tax State part-time. I do plan to report my megacorp earned income to Tax State, either under my Tax State address or as a non-resident.
Over the last few years I have downsized my stuff, moved in to a small apartment, and basically simplified my life. No spouse, no dependents.
My plan is to sell the rest of my furniture and get down to a dozen or so boxes of stuff that I will store in a relative’s home. In December I will change my address to the virtual FL address. I will move out of my apartment on December 18, travel for the holidays, then stay at extended stay hotels and furnished apartments in Tax State where megacorp resides (the state I live in now). This will be for the first six months of 2015 while I finish consulting for them. Then in July 2015 I will sell the car (with no plans to replace) and travel for an extended period.
It will cost a lot in hassle and money to title & register (~$350) and re-insure my vehicle in FL for just six months…not a very long time to amortize the pain over. If I skipped that, I don’t see a need to even go to FL until June/July 2015 to get my FL driver’s license just prior to going vehicle-less. That sounds good, right?
The concern I have is whether my current auto insurance (and umbrella policy on the auto and my non-LLC rental property, which is in yet another state, and all with the same carrier…) would become void when I notified my carrier in December of my new mailing address in FL. Not sure they would “get it” in terms of what I am trying to do over the first half of 2015.
Then there’s the state of FL, though not sure how they would know about me until I applied for a driver’s license. If I were a resident in their eyes I suppose I could run afoul.
As for Tax State, my vehicle registration is up for renewal in April 2015. My Tax State driver’s license would still be valid at that time so not sure how they would know about my FL mailing address unless it was changed on my insurance card or I told them.
And my health insurance… I am enrolled in a bronze plan in Tax State that I obtained through the Federal exchange. I’ll need to decide whether to enroll in a FL plan immediately after my changing my mailing address to FL or wait until July 2015. Haven’t priced out the plans in FL yet. Not planning to visit a doc anytime soon, but sort of along the same lines as the auto registration, thinking about where could I run afoul…
I am tired of the apartment and want to get out. I would rather not change address to another apartment locally in December, then change address again to FL in July 2015. I am pretty set on changing my mailing address to FL in December absent a compelling reason not to.
Here’s what I’m leaning towards…set up the FL mailing address in December and treat it as just that…a place to receive my mail. Let the USPS forward my mail there (the USPS offers free temporary or permanent mail forwarding) and don’t notify any senders of the change in address until June 2015. On a day-to-day level everything would remain the same…my physical location, driver’s license, vehicle registration, insurance carriers, doctor, etc. would all remain in Tax State. I would report any investment income received while in Tax State as Tax State income (which won’t be much, maybe $2k in dividends for half the year).
Thoughts anyone? And am I missing anything that could be a problem?
Sincerely,
Gerbil
I took a voluntary buyout from megacorp in June. I am now consulting for them in Tax State part-time. I do plan to report my megacorp earned income to Tax State, either under my Tax State address or as a non-resident.
Over the last few years I have downsized my stuff, moved in to a small apartment, and basically simplified my life. No spouse, no dependents.
My plan is to sell the rest of my furniture and get down to a dozen or so boxes of stuff that I will store in a relative’s home. In December I will change my address to the virtual FL address. I will move out of my apartment on December 18, travel for the holidays, then stay at extended stay hotels and furnished apartments in Tax State where megacorp resides (the state I live in now). This will be for the first six months of 2015 while I finish consulting for them. Then in July 2015 I will sell the car (with no plans to replace) and travel for an extended period.
It will cost a lot in hassle and money to title & register (~$350) and re-insure my vehicle in FL for just six months…not a very long time to amortize the pain over. If I skipped that, I don’t see a need to even go to FL until June/July 2015 to get my FL driver’s license just prior to going vehicle-less. That sounds good, right?
The concern I have is whether my current auto insurance (and umbrella policy on the auto and my non-LLC rental property, which is in yet another state, and all with the same carrier…) would become void when I notified my carrier in December of my new mailing address in FL. Not sure they would “get it” in terms of what I am trying to do over the first half of 2015.
Then there’s the state of FL, though not sure how they would know about me until I applied for a driver’s license. If I were a resident in their eyes I suppose I could run afoul.
As for Tax State, my vehicle registration is up for renewal in April 2015. My Tax State driver’s license would still be valid at that time so not sure how they would know about my FL mailing address unless it was changed on my insurance card or I told them.
And my health insurance… I am enrolled in a bronze plan in Tax State that I obtained through the Federal exchange. I’ll need to decide whether to enroll in a FL plan immediately after my changing my mailing address to FL or wait until July 2015. Haven’t priced out the plans in FL yet. Not planning to visit a doc anytime soon, but sort of along the same lines as the auto registration, thinking about where could I run afoul…
I am tired of the apartment and want to get out. I would rather not change address to another apartment locally in December, then change address again to FL in July 2015. I am pretty set on changing my mailing address to FL in December absent a compelling reason not to.
Here’s what I’m leaning towards…set up the FL mailing address in December and treat it as just that…a place to receive my mail. Let the USPS forward my mail there (the USPS offers free temporary or permanent mail forwarding) and don’t notify any senders of the change in address until June 2015. On a day-to-day level everything would remain the same…my physical location, driver’s license, vehicle registration, insurance carriers, doctor, etc. would all remain in Tax State. I would report any investment income received while in Tax State as Tax State income (which won’t be much, maybe $2k in dividends for half the year).
Thoughts anyone? And am I missing anything that could be a problem?
Sincerely,
Gerbil