"The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale.'' — Arthur C. Clarke, author
While I laughed at this quote, I whole-heartedly acknowledged the truth that I very much dislike doing my taxes, but maybe not quite as much as I dislike getting on the scale to review my lack of progress.
For a relocating employee, tax time can be seriously confusing. Worldwide ERC's Peter Scott shares his tax tips for relocating employees in the below to try to take some of the pain out of the process.
In the interest of assisting more transferees to prepare “smart” returns, join the convention of wizards, and keep more of “their” money, here are Worldwide ERC®’s annual tax season filing tips for transferees. Here are several items deductible as moving expenses that are sometimes overlooked: Tips to the moving van driver or helpers. Mileage for driving second or third cars to the new location (in addition to the first car). The deduction for 2015 is 23 cents per mile. (The deduction will decrease to 19 cents per mile for 2016). Lodging expenses in the departure location for one night after the household goods are packed, and one night in the new location on the day of arrival.