Corporate Citizenship --
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. Organization that receive
our support include Cardio Start; Goodwill; Salvation Army; American
Red Cross.
Recent Relocation News
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/MOBILITY_Online/current/0508drescher.shtml
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
IRS Standard Mileage Rates
Beginning on Jan. 1, 2009, the standard
mileage rates for the use of a car (also vans, pickups
or panel trucks) will be:
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.
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