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If my company reimbursed me for moving expenses, and also paid tax assistance directly to the taxing authorities, how do I file?
Info from my company:
"The Internal Revenue Service (IRS) requires most relocation related expenses paid directly to you or on your behalf to be reported on your W-2 wage statement. Most expenses are considered taxable income and will appear in your gross pay. Your company realizes the impact this may have on your finances and has paid a "gross up" or tax assistance directly to the taxing authorities on your behalf."
Do I still apply for state moving expense credits? If so, do I fill this out in the federal questions?
"The Internal Revenue Service (IRS) requires most relocation related expenses paid directly to you or on your behalf to be reported on your W-2 wage statement. Most expenses are considered taxable income and will appear in your gross pay. Your company realizes the impact this may have on your finances and has paid a "gross up" or tax assistance directly to the taxing authorities on your behalf."
Do I still apply for state moving expense credits? If so, do I fill this out in the federal questions?
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‎June 6, 2020
5:33 PM