Corporate Citizenship
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We think it's important that we use our skills and
resources to make the world a better place to live and work. Our efforts are
focused on improving the earth, and improving the quality of life and the
education of our children. Relocation Benefits contributions target a few
key areas and utilize our expertise in transportation and human resources.
Organizations that receive our support include American Cancer Society, The
Special Olympics and United Way.
IRS Standard Mileage Rates 2013
Beginnig on Jan. 1 2013, the standard mileage
rates for the use of a car (also vans, pickups or panel trucks will
be:
- 56.5 cents per mile for business miles
driven
- 24 cents per mile driven for medical or
moving purposes
A taxpayer may only use the mileage deduction for moving
expenses if they meet the IRS 50 Mile test. For more information on moving
expenses and taxes, visit the
IRS website.
Relocation News Posted By Relocation
Benefits
Pack and Save
Household Goods Shipment Alternatives-
www.erc.org ;
Andrew Drescher, CRP, GMS
Rising fuel and labor costs in the household goods
shipment industry has bumped heads with in-house relocation department and
third-party relocation management company desires to control costs. Drescher
explores alternate household goods shipment solutions that offer an increased
transferee role in packing along with cost savings, and ponders whether there is
a place for these services in the world of corporate relocation.
To View full article -
http://www.worldwideerc.org/Resources/MOBILITYarticles/Pages/0508drescher.aspx
US Workers Saddled by houses that won't sell-
www.csmonitor.com
; Marilyn Gardner
Many Fortune 1000 companies
typically pay closing costs, he says, as well as giving employees payment for
money they lost by selling their house quickly. But small firms often cannot
afford that. "It's greatly affecting the ability of smaller companies to recruit
top talent out of higher-priced markets," Mr. Drescher says.
To view the full article -
http://www.csmonitor.com/2007/0402/p13s01-wmgn.html
Revenue Ruling 2005-74
The Employee Relocation Council’s Coalition
has been instrumental in achieving a favorable treatment of the Amended Value
Transaction from the Internal Revenue Service. The key information about
the Revenue Ruling 2005-74 is:
- Appraised Value
Transactions with a blank deed are not taxable
- Amended Value
Transactions based on the eleven key elements, with a blank deed, are not
taxable.
- In both Amended and
Appraised Value Transactions, two separate, independent sales have occurred,
and the burdens and benefits have transferred to the employer.
- The IRS will not follow
the previous Amdahl rulings on such transactions.
The above information is
intended as general information only. Regarding your company’s specific
situation, you should consult with your own tax or legal counsel. To see
the full Revenue Ruling, click on the following link:
Internal
Revenue Service - Rev. Rul. 2005-74
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