A change of residence/domicile from a higher-tax state to a lower- (or no-) tax state is often considered when contemplating retirement or the receipt of significant proceeds from a business or investment transaction, or when a taxpayer realizes the amount of state income tax paid upon filing his or her return.

The biggest legal news of the past two weeks was the Coinbase loss on two of three categories of claims at the Judgment on the Pleadings stage of litigation against the SEC. There were also determinations in long pending cases against FTX founder Sam Bankman-Fried and Terraform Labs founder Do Kwon

2023 was a record-breaking year, with Delaware, Indiana, Iowa, Montana, Oregon, Tennessee and Texas passing comprehensive data privacy laws, joining California, Colorado, Connecticut, Utah and Virginia. 2024 is on pace to beat 2023’s record, as New Hampshire, New Jersey and Kentucky have passed new privacy laws.

The global economic recovery will not happen overnight, neither will the rebound to the record funding levels we were seeing a few years ago. And we might be rebounding to more realistic numbers. There are definitely some bright spots in this report and some areas we are watching closely as we continue to move through Q2…