A couple, 67 and 65. Buy a place in Florida. Spend about 5 months a year there. Keep the home up north.
They tell everyone they're "basically Florida residents now."
3 years later, the audit letter arrives from their old state.
Cell phone records. Credit cards. Doctor visits. Utility bills.
The verdict: not Florida residents. Back taxes plus interest plus penalties.
This isn't hypothetical.
In October 2025, the New York Tax Appeals Tribunal ruled against John Hoff and Kathleen Ocorr-Hoff for tax years 2018 and 2019. About $60,000 in New York income taxes.
They had done everything the checklists tell you to do.
Florida driver's licenses.
Florida voter registration.
Declarations of domicile filed in Florida.
Vehicles registered in Florida.
Estate planning documents updated to Florida law.
The Tribunal still ruled against them.
Here's what actually beat them.
Cell phone records showed they spent more days in
New York than Florida both years. 186 days in NY in 2018. 164 in 2019.
He still owned and ran a New York business and drew a significant salary from it.
She still operated her own business out of Rochester, New York.
They kept country club memberships in both states.
The center of their actual life never left.
The 183-day rule is the starting gun, not the finish line.
You can be under 183 days in your old state and still lose if your business, your income, your doctors, and your daily life stayed behind.
States are aggressive about this. New York alone collected more than $3 billion through residency audits from 2022 to 2023.
A driver's license won't save you. Neither will a declaration of domicile.
@AnishP144 My thoughts exactly. It won’t be fun to have to wait through the rebound, but two years from now the share price will be up and we’ll be excited again.
@bert_gilfoyle Sheesh - with you 100%. Some of us thought we’d get a great report, some shorts doubted and this time they were right. But the fundamental story is still strong, it will just take longer. Investors in EOSE have a 5+ year horizon. Thx for your thoughtful analysis.
@bert_gilfoyle Thanks. Plus more safety, and with Indensity, potentially much lower space requirements. Hopefully the advantages you referenced keep playing out!
@OBGInvestments@DeLuks07 So much angst about the current price. In 3 years this company will be worth at least double, probably much more than today. Four lines or more in production, operating profit, new products, huge growth. I have appreciated your commentary and wish you continued success. Thanks!
@Bullstkpicks About Feb 8, maybe a few days later. Have you not heard of quarterly earnings reports? I’m not worried, they have a great product, there is huge demand, and they are sold out for the coming year plus.
@bert_gilfoyle Well said. Mirrors my experience. After early retiring with “just enough” my investments in a few story stocks that I researched deeply - EOSE and NRGV - have paid off so well that now I am more than set for life. A financial advisor would never have approved. 😂
@practicalgolf For me it means being able to play with good-ish players I feel we can have a good time - not slowing them down looking for lost balls or waiting while I hack through a 9. And just having more fun because the good shot to awful miss ratio is higher. 😀
@OldMateEngineer Thanks, a thorough analysis. I tend to agree - have taken a chunk of big profits for SWAN cash, still have a meaty position to benefit from the 10 - year upside.
@RealJamesWoods This one of the most inane posts I’ve ever seen. Life in America under Obama wasn’t abject misery. We slowly worked our way out of the financial crisis that happened under the Republicans. And under Biden, the economy recovered from the Covid crisis under Trump.