Taxable Relocation
March 30th, 2010
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Question: Are relocation allowances taxable?
Answer: Yes, any money your receive, no matter the source or what it is called is taxable and must be reported to IRS.
However it may also be allowed to be deductable expense, you must confer with a tax expert on this matter, remember the company is required to notify IRS of this payment to you so Do Not Try To Hide It from IRS. Good Luck
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Over withheld FICA for long-term taxable travel or relocation reimbursements for 2001 package (SuDoc T 22.2/15:11752) ... |
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