moving expense


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Noun1.moving expense - the cost of moving your residence from one location to another
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
References in periodicals archive ?
Form 3903 is used to determine the amount of a person's moving expense deduction.
If you're taking a moving expense deduction, use Form 3903, Moving Expenses, in addition to the regular Form 1040.
The moving expense is at its highest level since the peak of the housing market in 2007, with estate agency fees, mortgage fees and stamp duty being the biggest contributors to the increase.
was eligible for enterprise zone incentives that included an 80% tax abatement for five years on any increased real property taxes and up to $15,000 in moving expense reimbursements.
Because of the major benefits of a moving expense reimbursement to employees, employers should consider it whenever it is consistent with their recruitment and staffing needs.
The Internal Revenue Service offers new optional standard mileage rates to use for 2005 in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
Accounts payable can also be divided into invoices, vendor packets, employee expense reimbursements, moving expense reimbursements, etc.
The “On the House” moving expense offer is available to residential home sellers who sell their home under an active listing agreement through Jeff Brand & Associates.
was eligible for enterprise zone incentives that included an 80 percent tax abatement for five years on any increased real property taxes and up to $15,000 in moving expense reimbursements.
IRS Publication 523 cites the following items related to settlement and dosing costs as personal living expenses that are not added to the basis: fire insurance premiums, rent for occupancy of the house before dosing, charges for utilities or other services related to occupancy of the house before dosing, any fee or cost that a taxpayer deducts as a moving expense, charges connected with getting a mortgage loan and fees for refinancing a mortgage.
In the same vein, it would be beneficial if Revenue Canada clarified for taxpayers, to the extent possible in the same document, the relationship between amounts subject to an income tax inclusion under this provision and amounts eligible for an employee moving expense deduction under section 62 of the Act.
* The moving expense deduction conditions - distance, time, and reasonableness - are present.