Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [relocation]

33 questions
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Is house swapping possible?

I'm thinking of relocating but I'm stuck with the house and the mortgage. I researched the possibility of house swapping but all I found was about when you go to a vacation you can swap your house for a week. That is not what I thought the house…
Grasper
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Is it legal to move to a different US state before moving out of the country to avoid paying state income tax abroad?

Today I've learned that Americans have to pay state income tax based on their last residency address, even if they relocate overseas. So let's say you know you will be moving from the US to another country next month. Would it be legal to rent a…
JonathanReez
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Relocation to US

I am relocating to Texas from India along with my family in the month of July 2019 to pursue a Phd. In order to effect a smooth transition, would like some advice on how to setup things to manage my first month seamlessly. I have the following…
Nikhil Sharma
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Home sale: No right to terminate?

I'm making an offer on a house. I was informed that the seller, a relocation company, is asking for the following: a right of the buyer to inspect but "no right to terminate." That is, I would have the right to inspect the property and, if something…
bshor
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Company relocation allowance was taxed as income, but then forfeited & paid back. How can I get the tax back?

I recently quit a job where I was forced to pay back a portion of relocation expenses the company gave. This money was taxed as income. What will I have to do to reclaim the taxes I paid on that money? The company made me reimburse them for the full…
Triplell89
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Employer-Paid relocation as taxable income?

My employer will be reporting nearly $40k in relocation expenses, all directly paid by the employer to the respective companies. (Moving company, etc.) What kind of tax liability am I going to have? Everything I've read online simply talks about…
avgvstvs
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Relocating for first real job out of college?

So a little bit of back story - I am about 6 months out of college, worked through most of it in fast food and retail, and have only been working in a job related to my field (computer science) for about a year. Out of the blue, someone from Amazon…
Sidney
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Is money paid by a moving company for delay of shipment taxable income, or need to be reported when itemizing?

I recently had an interstate move for a job that passed the distance test. In the process of the move my household goods were delayed transit. Since the delay exceeded the allowable window, the moving company issued me compensation for the delay.…
anonymous
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Would it be possible to exclude relocation reimbursement from income if I incurred it in 2017 but received in Feb-2018?

I have recently filed 2017 taxes and received my refund. There, I'd some qualified excludable moving expenses under W-2 column 12d (code P). However, I had not submitted all of relocation expenses that I incurred during year 2017 due to the fact…
Samir
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What should I consider when claiming relocation expenses in a particular year?

I recently changed jobs with my employer offering relocation assistance as part of the compensation package. I have up to a year to claim the relocation expenses, which consist of the usual items: home finding trips, temporary living expenses, final…
jia103
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What distinguishes a moving allowance from a "relocation bonus"?

When moving a certain distance for employment (say moving across the country for a new job), one can deduct some of the moving expenses to lower their AGI. This is done by filling out IRS Form 3903, the total of which will be deducted from your AGI…
Byte Lab
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Relocating - Shall I sell my house now or wait for its value to increase?

For work reasons I have to relocate. I currently own (it's been just over a year) a house for which I am paying a mortgage. I'd like to make something good of this purchase so I was wondering if waiting for a better time to sell is worth it or the…
algiogia
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Temporary relocation to Massachusetts

My company is looking to temporarily (6months) re-locate me to Boston from California. I think I will be keeping my permanent residence as my home address in CA. My question is, will I need to file taxes in both CA and MA for 2015?
Chris Morgan
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Relocating and buying a house simultaneously - How to handle pre-approval on fluctuating yearly income?

The background is as follows. We are currently renting and want to buy our first home as we are relocating for a new job. My new job starts 1st June 2013. My current job ends May 31st 2013. My yearly income is going to fluctuate as follows: March -…
LasEspuelas
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What are the tax implications of paying back taxable relocation?

In a situation where you start a job: $30k taxable relocation benefits $18k tax grossup (FICA/federal/state income tax) Relocation owed back decreases 1/24 monthly until 2 years pass Relocation all paid out in 2020 Start date of 1/1/2020 I am…
enderland
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