IRS Link to Publication — Found Here
Publication 521 details the methods and requirements for tax deductions related to moving expenses, where the move is necessary to start a new job or maintain a job that requires relocation.
The IRS requires that the situation passes tests regarding the distance of the residence to the new job and the time spent at the new job. If an individual moves in order to take a new employment opportunity, he or she may re Moving expenses include travel expenses as well as storage, transportation, and labor costs connected with moving furniture and whatnot.
Many things cannot be deducted as moving expenses, such as any costs associated with purchasing or improving the home. Publication 521 gives many detail surrounding the deduction of moving expenses. It also describes how to handle reporting when expenses are later reimbursed to the individual by their employer.
There are accountable reimbursement plans and non-accountable reimbursement plans, and they have different instructions for reporting. 521 also describes the Distance Test and the Time Test, which must be passed to claim a moving deduction.
The distance test is satisfied if the new job is a least 50 miles further away from the employee’s original residence than their old job was. The time test is satisfied if the employee works at least 39 weeks out of the first 12 months following the move at the new job location.
Individuals must file Form 3903 to claim deductions for moving expenses.
There are thousands of technical indicators, but the most popular ones are the MACD, Bollinger Bands, Stochastic
As a general rule of thumb it's good to have six months’ worth of expenses saved and kept exclusively for emergencies
Financial stocks are those that make up the financial sector, which encompasses banks, lenders, wire houses, and others
Preferred stock are dividend-paying equity shares issued by corporations, which pays a dividend with a higher priority
In a financial statement, “Pro Forma” refers to how figures are presented either in present form or as projections
When given choices, the opportunity cost represents the potential loss of taking one action versus another
An account freeze stops all pending transactions and does not honor new transaction requests for a financial repository
Currency in circulation tends to be defined as the currency held, without including long term deposits or investments
It is difficult to forecast how much health care will cost in retirement, but JP Morgan research indicates that it’s...
Distributions from qualified educational accounts such as 529s will be reported on a 1099-Q