Hi,
We have move from Quebec/Canada to Florida in the first week of March 2006. On my W-2, i have the cell 12P with an amount of 3,000$. Basically, everything was paid by my employer.
On the Moving Expenses Form (3903), There are some question about entering the number of miles from old home to you new and old workplace.
How do i need to fill this if we moved from Canada?
Thanks.
Moving Expenses on 1040 question.
Moderator: Mark T Serbinski CA CPA
Yes, you still need to satisfy the mileage test.
The amount that employer paid was added to your income. This means that all eligible expense, whther or not paid by employer should go on the moving expense form It could be more, or less than your employer paid.
The amount that employer paid was added to your income. This means that all eligible expense, whther or not paid by employer should go on the moving expense form It could be more, or less than your employer paid.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Huh? that is almost impossible. Read the test: if you moved closer to your new job than your old house was by xx miles, you satisfy. It's not old job old house, it's new job old house and new house.
Did you move just across the border?
Did you move just across the border?
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Nelsona, I don't know if you're still around, but I searched the forum on moving expenses and this situation you replied to in 2004 is the closest one to my question and I wanted to know if your advice then is still valid.
Our employer included moving expenses they paid (along with supposedly a sum to cover the tax burden) on the 1040 in wages. Here you mentioned we still fill out the moving expenses form even though they payed for all costs? This will significantly bring down our taxable income!
Thank you!
Our employer included moving expenses they paid (along with supposedly a sum to cover the tax burden) on the 1040 in wages. Here you mentioned we still fill out the moving expenses form even though they payed for all costs? This will significantly bring down our taxable income!
Thank you!
Actually never mind. I went through the numbers and it seems like the employer paid third parties directly for the expenses that would be deductible (transportation, shipping of goods etc).
They then reported as income on line 1 of the W2 the amount they paid us directly for miscellaneous nondeductable expenses like lodging during temporary stay, meals etc., amounts they paid to third parties for house hunting etc as well as a gross up amount for tax assistance. So it seems we don't deduct anything.
Thanks anyway!
They then reported as income on line 1 of the W2 the amount they paid us directly for miscellaneous nondeductable expenses like lodging during temporary stay, meals etc., amounts they paid to third parties for house hunting etc as well as a gross up amount for tax assistance. So it seems we don't deduct anything.
Thanks anyway!
Ok sorry, just realized the gross up amount of taxes seems to be the taxes they paid on our behalf which are now showing up on our W2 in wages. There is no "box 12" P or anything. I know people have complained about having to pay taxes on the taxes paid by the company. But given that we're getting taxed on that, can we still deduct the moving expenses paid directly to the third party?
Thanks!
Thanks!