Ten Tax Tips for Individuals Who Are Moving
Summertime is a popular time for people with children to move since school is out.
Moving can be expensive, but the IRS offers 10 tax tips on deducting some of those expenses if your move is related to starting a new job or a new job location.
1. Move must be closely related to start of work Generally, you can consider moving expenses incurred within one year from the date you first reported to a new location,
As a reminder, the tax amnesty program will run from September 1 through October 1, 2011, and apply to:
(1) any taxable period beginning from and after December 31, 2003, and ending before January 1, 2010, for taxpayers who file annually, and
(2) any taxable period beginning from and after January 14, 2004, and ending before January 1, 2010, for taxpayers having a 52-53-week tax year. For all other taxpayers, the program applies to any taxable period beginning from and after December 31,