This article was originally published by Worldwide ERC on March 27, 2020. Click here to review the original article. If you have questions about how employee relocation benefits can impact relief checks, please contact us.
The proposed coronavirus relief package defines the amounts to be given to taxpayers based on their adjusted gross income. This can be complicated for transferees who received moving expense payments.
How This Impacts Mobility
Worldwide ERC® member relocation and tax departments must take steps to understand the issues that result from the income calculations for receipt of 2019 relief payments and be prepared to explain them to transferees. In most cases, transferees are not in fact negatively affected by additions to income from relocation.