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| Herb Smith wrote: - quote - > "Inka Dinka" <inkdainkd12[at]yahoo.com> wrote:
Although not in this context, the Tax Court did release an> ... > > If so, is there a limit on how long I can stay > > in temporary housing? > No, you can live in an apartment as long as you want. Just > don't ask the taxpayers to foot the bill :-) When does > "temporary" become "permanent"? opinion this month (August 2003 as a TC Memo) that indicated that "temporary" (in the context of "temporary regulation" - pre IRC 7805(e)) has a life of at least 12 years! In 7805(e), Congress said 3 years. Take this ruling in combination with statute for moving expenses, and one can argue for 120 days or more with regard to "temporary living expenses!" :-) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Inka Dinka" <inkdainkd12[at]yahoo.com> wrote: - quote - > I will be moving soon as a result and was wondering about
No. You have to live somewhere.> the tax deductability of some expenses that I will incur as > part of the move. Most of the cost of moving will be > covered by my new employer but there are additional expenses > that they will not pay for. > I will be staying in an apartment until I find and buy a new > house. My employer will be covering the cost for the first > 30 days but after that I have to pay. Is the expense of > temporary housing (beyond 30 days) tax deductable? - quote - > While I
No.> am in temporary housing, my belongings will be stored by a > moving company (employer is paying for the movers and 30 > days of storage). Is the storage cost beyond 30 days tax > deductable? - quote - > If so, is there a limit on how long I can stay
No, you can live in an apartment as long as you want. Just> in temporary housing? don't ask the taxpayers to foot the bill :-) When does "temporary" become "permanent"? - quote - > I will need to ship some things via UPS so that they are
See Pub 521> available immediately in the temporary housing (mostly baby > stuff). Employer will not pay this cost. Is it tax > deductable? - quote - > What about the transition costs (new drivers license, new
Go to www.irs.gov and get Pub 521. All your questions are> car registration, etc.)? Deductable? > If there are any good websites that cover this subject, I'd > love to hear about them. answered there. Relocation costs, as opposed to moving expenses, are NOT deductible. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Inka Dinka" <inkdainkd12[at]yahoo.com> writes: - quote - > I will be moving soon as a result and was wondering about
Get a copy of IRS Publication 521. I've snipped the rest of> the tax deductability of some expenses that I will incur as > part of the move. Most of the cost of moving will be > covered by my new employer but there are additional expenses > that they will not pay for. your post, but it sounds like your employer has a pretty good reimbursement plan. That's good news, but from a tax standpoint it means that you will probably have additional income, not a deduction, from the move. The last time Congress tinkered with this provision they made many previously-deductible expenses nondeductible. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I will be moving soon as a result and was wondering about the tax deductability of some expenses that I will incur as part of the move. Most of the cost of moving will be covered by my new employer but there are additional expenses that they will not pay for. I will be staying in an apartment until I find and buy a new house. My employer will be covering the cost for the first 30 days but after that I have to pay. Is the expense of temporary housing (beyond 30 days) tax deductable? While I am in temporary housing, my belongings will be stored by a moving company (employer is paying for the movers and 30 days of storage). Is the storage cost beyond 30 days tax deductable? If so, is there a limit on how long I can stay in temporary housing? I will need to ship some things via UPS so that they are available immediately in the temporary housing (mostly baby stuff). Employer will not pay this cost. Is it tax deductable? What about the transition costs (new drivers license, new car registration, etc.)? Deductable? If there are any good websites that cover this subject, I'd love to hear about them. Thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| expenses, moving, taxes |
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