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Self Employed >Moving And Taxes
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.
You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
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What was the location for the classic silent movie scene where Harold LLoyd dangles from a huge clock high above the city?
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That scene from "Safety Last"was filmed at the Brockman Building, one block south of the Biltmore Hotel in Los Angeles. |
 See More Real Estate Trivia > |
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Sandi Reeder and Associates
Keller Williams Realty
9201 Montgomery NE, Ste 101
Albuquerque, NM. 87111
Phone: 505-271-8200
Fax: 505-323-3291
Email: Sandi@SandiReeder.com
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