The ever-present uncertainty of today's job market has a lot of people thinking about relocating to another state in search of better career and business opportunities. Unfortunately the moving cost associated with long distance moving services can be a bit pricey when compared to local services. However, if you would like to relocate but are intimidated by high moving fees; the Internal Revenue Service may be able to assist you with financing a fresh start and getting back on the career path.
In order to qualify for the moving deduction you must meet the following specifications:
Business organizations, as well as the self employed, can simply transfer the business or themselves and file for a deduction of the expenses under these same guidelines even if you do the move yourself. Just be certain that your safely store and organize all of the receipts and documents from your move so that your can accurately calculate your costs. Once you have a final tally, fill out the IRS moving deduction form and claim your refund!
So if the employment situation in your current location is looking dire and you think that moving to a new town it just the spark you need; go for it.
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