THAT’S IT, SNOW, COLD, LONG COMMUTES AND MINNESOTA TAXES. I’M OUT OF HERE!!

Jan 11

If that is what you are thinking you better read on.  You can move but may still be considered a Minnesota resident.

Better read the fine print in the fact sheet provided by the State of MN with 26 factors to determine your residency along with the newspaper article that ran back in 2014. The paper has horror stories of people that moved out of state to find out that they still owed state income taxes to Minnesota.

Not only do you have to limit your stay in Minnesota to 183 days or less but where you vote, license your cars, your dog, where you attend church and where your doctors are located all become factors in determining where your permanent residence is located.

Action step: if you are thinking about relocating out of Minnesota you should look at all the factors and develop a plan to defend your new residency otherwise the MN tax man may come calling.

About SaverNotes, LLC

Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.

SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor.  Current rates range from 3.00% to 6.00% based on terms of two to five years.  Investors can also invest through their IRA account.

Regular	$2,000 +
IRA	$25,000 +
Term	Interest Rate
2 Year	3.00%
3 Year	4.00%
5 Year	6.00%

Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.