Jump to content

Florida Domicile and Financial Institutions


talon39
 Share

Recommended Posts

Sorry if this has already been discussed. I wasnt able to find it by searching.

I setup Domicile in Florida years ago through a mail forwarding service in Green Cove Springs. However in recent years financial institutions have stopped accepting my address.   I spoke with someone at Escapees last year about switching to their mail forwarding service, but was told I would run into the same problem.

I have no actual residence in the U.S.  I spend most of my time living and traveling abroad.

I don't want to create tax nexus in the state where my relatives live by using their address. What's the work around? 

Edited by talon39
typo
Link to comment
Share on other sites

  • talon39 changed the title to Florida Domicile and Financial Institutions

An Escapees domicile address is different than an Escapees mail-service address. The Escapees Bushnell domicile address is for a CG you could actually live at and can get you a RealID-compliant drivers license. No different than an apartment complex.

An Escapees mail-service address gets you a mail-forwarding service in Texas, just a PMB, and not good for d/l, financial etc.

You don't receive mail at the domicile address.

I have an Escapees Bushnell domicile address but am still using my St. Brendans Isle mailing address simply because that address is used everywhere and it's a real pain to change it. My d/l has the Bushnell address but the mailing address for DMV, financials etc is Green Cove Springs.

SBI made a change several years ago and could provide a "real" address in addition to the PMB address, so you might ask them about it. I don't know if they still do that.

Link to comment
Share on other sites

Thanks jbh,

St Brendan's, mentioned another address, but I really got the impression that it was just a bandaide fix.

I spoke with escapees at length, but they never mention there was a separate domicile address that would work. They were pretty clear that they faced the same problem with the financial institutions.   Maybe something changed. I will give them another call.

Your setup might be what I need..   

Thanks!

Link to comment
Share on other sites

The pmb is good enough for a drivers license. We have a South Dakota pmb with real id d/l. Our bank has no problem with the address but the larger financial companies need a physical address but don’t use it to mail things to. Have had it that way for almost 3 years

Link to comment
Share on other sites

It has been quite a few years since I was a fulltimer but I remember having the same issue.  Quite a few institutions want your "real" address and not just a PO (PMB) number.  That included my bank, one of my investment houses, my healthcare company and even Medicare.

Trying to "reason" with these institutions can be frustrating without any satisfactory resolution.  The solution was simple.  Never include "PMB" as part of your address.  Certainly do not put c/o as part of your address.  Instead show the typical street address with the PMB number included.  Either just include #your number or enter the PMB number under the line for apartment number.  

Making the transition in steps also helped avoid any red flags.  My online banking allowed me to set up a separate mailing address and I used my new mailing address, minus the PMB designation.  I had checks printed with that same address.  When I went to SD to establish residency, they wanted a receipt for a one night stay at a motel or campground and they needed some other paperwork indicating the change.  A voided check with the new address or a bank statement with the financial details blanked out was all I needed to provide.    

Link to comment
Share on other sites

4 hours ago, JimK said:

It has been quite a few years since I was a fulltimer but I remember having the same issue.  Quite a few institutions want your "real" address and not just a PO (PMB) number.  That included my bank, one of my investment houses, my healthcare company and even Medicare.

Trying to "reason" with these institutions can be frustrating without any satisfactory resolution.  The solution was simple.  Never include "PMB" as part of your address.  Certainly do not put c/o as part of your address.  Instead show the typical street address with the PMB number included.  Either just include #your number or enter the PMB number under the line for apartment number.  

Making the transition in steps also helped avoid any red flags.  My online banking allowed me to set up a separate mailing address and I used my new mailing address, minus the PMB designation.  I had checks printed with that same address.  When I went to SD to establish residency, they wanted a receipt for a one night stay at a motel or campground and they needed some other paperwork indicating the change.  A voided check with the new address or a bank statement with the financial details blanked out was all I needed to provide.    

Yes. those things used to work. 

Linda

Link to comment
Share on other sites

7 hours ago, JimK said:

It has been quite a few years since I was a fulltimer but I remember having the same issue.  Quite a few institutions want your "real" address and not just a PO (PMB) number.  That included my bank, one of my investment houses, my healthcare company and even Medicare.

We used the Livingston Escapee Mail Service for our domicile and only address from 2000 until the end of 2011 and in that time we never had any of those experiences. But Texas does recognize the Escapee address for all legal purposes. 

Link to comment
Share on other sites

Talon 39, Do you file Federal tax forms from that address.  Only time wife had a problem was when her broker changed firms.  After she sent several envelopes from IRS, Medicare and her financial institution the brokers new firm accepted the PMB as legitimate address.  I mean if the federal government accepts it why shouldn't they.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...