Can all moving expenses of your company be considered as deductible?

Deducting moving expenses is mostly dependent on the regulations of our Internal Revenue Service. Employees that need to relocate due to specific reasons related with their jobs are subject to such regulations. All relocating and moving expenses can be easily justified by companies. Before you decide how to deduct your moving expenses you must identify what’s deductible for your business.

Moving expenses related to employees

A few moving expenses can be deducted by employees out of their taxes. Moving expenses worth any amount can be paid by a company to its employee. Such moving expenses may eventually be …read more