Full time RVing, taxes and retirement - needing a tax planner - Fiberglass RV
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Old 03-07-2017, 12:03 PM   #1
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Name: Alice
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Full time RVing, taxes and retirement - needing a tax planner

Hi Everybody,
Has anyone found a good tax planner they trust who could work with me planning my tax situation as I sell property, retire and transition over to running a small business out of my camp trailer over the next year? I'm thinking this has to be a specialist out there who knows about my options. Lots of people have done this before me, right?
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Old 03-07-2017, 06:39 PM   #2
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I'd opt for someone local, especially if you'll stay a CA resident. Fed looms so large it's easy to forget that there are state implications to a lot of stuff like income and property tax. Plus, easier to meet, and develop a good relationship. Maybe ask around among others who have made a transition.
Good luck.
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Old 03-07-2017, 06:47 PM   #3
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I think asking for financial advice on the internet is inviting scammers to fleece you. Good luck anyway.
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Old 03-08-2017, 10:17 AM   #4
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Name: Tom
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I have followed this type of forum for decades

I agree that you want to exercise caution with financial relationships over the internet. That said, there are some issues worth addressing. One that would be foremost for me is whether to become a citizen of a different state for tax purposes. I am not talking about a sham of some sort. I'm sure the topic is on various boards and blogs. You can begin by using a search engine.

For example: "Seven U.S. states currently don't have an income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. And residents of New Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck on April 15, though they do pay tax on dividends and income from investments." I didn't check to see why some are in bold.

A search will generate vast results. One you'll notice is that most states without income taxes, make up for it with high sales or property taxes. But if you are fulltiming, those may not impact much. Would you really have to spend much time in Alaska or Wyoming? Do your homework, but beyond getting a driver's license and establishing a residence/mailing address (such as The UPS Store) maybe not much. Look for best places to retire articles and posts on sites like this. Good luck. I hope to do similar.

PS, once you establish your strategy, you may want to consider tax software like Turbotax or H&R Block. I don't know your situation, but they make it so easy. The way to prove this is to use both a professional, and software, then compare. Also, there are many good low cost brokers with offices everywhere and online presence. I could give many reasons why I am a Schwab fan.
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Old 03-08-2017, 11:03 AM   #5
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A great article about this subject in this month's Escapee magazine. If not a member, maybe you could borrow a copy from some one. There are some dead falls out there folks haven't found out about till too late. As mentioned, DO RESEARCH.
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Old 03-08-2017, 11:33 AM   #6
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Name: Tom
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I realize you asked about tax accountants...

...and running a small business. That said Jerry had good info. Including:

https://www.escapees.com/articles-an...-from-the-road
Also see the article on internet connections & hotspots.

https://www.escapees.com/knowledge/escapees-magazine

Sample issue:
https://www.escapees.com/images/pdfs/SampleMag.pdf

Membership $60/yr, plus $10 initially
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Old 03-10-2017, 11:19 AM   #7
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Name: Alice
Trailer: 16 'Scamp Trailer
California
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Thumbs up Thanks Everybody!

Thanks everybody, for your responses. I picked someone local but he has no experience with the RV lifestyle, but its fine for now. I noticed that Workampers organization has some educational stuff for sale on how to run a business on the road. Lots of other experiences out there on the internet too. That's the next step I guess, on this topic, is for me to figure all that out, but for right now the local tax planner guy has helped me out for my current situation.
You're the best!
Alice
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Old 03-10-2017, 11:30 AM   #8
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...if you haven't already done so, you might want to checkout escapees.com ...they are specialists at this stuff and can probably point you in the direction you need to go.......
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