Because the tax aspect of any relocation is so important, clear and continual communication with the transferring employee is essential. A transferee should never be surprised at tax time with a large and unexpected payment due to the IRS. It is the responsibility of the transferring employee to understand the tax implications of each relocation […]
To facilitate a relocation, many employers offer home selling assistance to homeowner transferees. Home sale assistance can come in various forms; however, the IRS specifically calls out the Amended Value (AV) program as the favored method in terms of compliance. An AV program allows the transferee to market the property and attempt to find a […]
Arguably, the most complicated discussions surrounding domestic relocations involve the tax piece. For any domestic relocation expenses to be qualified as tax deductible, there are a few requirements that must be met, including: The move must correlate with the start date at a new job location The employee must be employed full time for 39 […]
For years, comprehensive immigration reform has moved through the U.S. House and Senate in stops and starts. The new administration has signaled a more aggressive stance on immigration right out of the gate, and Congress is expected to take up comprehensive immigration reform once again. In the meantime, a great deal of uncertainty will cloud […]
With more and more companies looking for creative ways to save money, many have turned to their relocation policies for areas in which to cut costs. One trend that has gained in popularity recently is the temporary domestic assignment (TDA). The IRS defines a short-term assignment as one that lasts for less than one year. […]
The Benefits Of Benchmarking Domestic & International Relocation Policies Companies benchmark their relocation policies to analyze process performance, evaluate their program against their competitors’ or to measure their program against their own divisional or location-related best practices. If you have a mobile workforce, benchmarking your domestic and international relocation policies against the competition and other […]
We expect to experience some degree of culture shock in global moves, and often provide cultural training to help mitigate it. But culture shock is rarely acknowledged for moves within the same country, and support to manage it is even rarer. Since neither companies nor relocating employees expect domestic culture shock, the situation becomes even […]
Destination mentors play a very important role in helping your employees to get acclimated quickly during an employee relocation. In order to be most effective, your organization needs to carefully consider what type of mentor you wish to provide, and what kind of relationship he or she will have with the employee.
Culture shock is a well-known phenomenon in global relocation. However, many companies fail to recognize and address culture shock when it happens closer to home. Employees moving North to South or East to West within the same country are actually just as likely to experience some form of culture shock as if they had moved […]
A capable relocation management company will help you to select the best program, or programs, for you; offer cost-saving ideas; and help to ensure you remain in step with current best practices and compliant with applicable IRS directives surrounding employee homesale programs.