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Relocation, et al

Posted on 2007.08.31 at 09:10


prog_guy69 at 2007-08-31 21:08 (UTC) (Link)
Some relo expenses are taxable and some are not. Some companies will "gross up" the expense so that they cover the taxes and you get exactly what came out of your pocket. I hear about this stuff all the time in the payroll department. It is not something that I have done in the past, but we are all taking a payroll course and I'm sure relo expenses will be covered.

Prior to working for Accor, the only thing I really knew about how to figure taxes, was to look in the IRS circular E. I've learned a lot on the job the past 6+ years, but there is a hell-of-a-lot I have yet to learn.

And to think, I was supposed to try to get my CPP (that's Certified Payroll Professional) certificate by the end of 2008. I'm thinking that's a no.
ehowton at 2007-08-31 21:52 (UTC) (Link)
They taxed 100% of what I turned in. It ended up taking nearly a third of the entire amount. I worked for a company which used to "gross up" things like bonuses. If they gave you a $1000 bonus, you'd get it in a money order or something. The last $1000 bonus I got from my current employer ended up being just over $500 in my pocket (they tax bonues more heavily than they do salary).

prog_guy69 at 2007-08-31 23:27 (UTC) (Link)
They taxed 100% of what I turned in...
That sucks. What a bunch of asses. You actually lose money when helping the company by relocating and by having your relo taxed. F*ckers!

...they tax bonuses more heavily than they do salary.
Yes, bonuses are taxed at the "supplemental rate." I believe that is either 25% or 30% depending on you annual salary. If you have 401K taken out, that would explain why you may only see a little more than half of the bonus payment's gross. They should not take medical deductions out of your bonus check or relo check. Asses!
Tomas Gallucci
schpydurx at 2007-09-02 22:40 (UTC) (Link)
Taxes, like prescription drug programs, are nothing more then legalized theft.
ehowton at 2007-09-03 02:46 (UTC) (Link)
Actually, with them being unconstitutional, they're actually not legal.
Tomas Gallucci
schpydurx at 2007-09-03 03:42 (UTC) (Link)
Alright wiseguy. Don't pay your taxes and then tell the judge that they're illegal. I understand this is a semantics thing, but the fact is no one is pissed enough about taxes to start a riot, ergo we the people are authorizing the IRS (a corporation no less!) to harass us, the good citizens, ergo we allow it, ergo we condole it, ergo legalized theft.
CeltManX, Devlin O' Coileáin
celtmanx at 2007-09-03 15:20 (UTC) (Link)
What's a "condole"???


Main Entry: con·dole
Pronunciation: \kən-ˈdōl\
Function: verb
Inflected Form(s): con·doled; con·dol·ing
Etymology: Late Latin condolēre, from Latin com- + dolēre to feel pain
Date: circa 1586
intransitive verb
1obsolete : grieve
2: to express sympathetic sorrow

Did you mean condone???


Main Entry: con·done
Pronunciation: \kən-ˈdōn\
Function: transitive verb
Inflected Form(s): con·doned; con·don·ing
Etymology: Latin condonare to absolve, from com- + donare to give — more at donation
Date: 1805
: to regard or treat (something bad or blameworthy) as acceptable, forgivable, or harmless
synonyms see excuse
Tomas Gallucci
schpydurx at 2007-09-03 15:27 (UTC) (Link)
grammer Nazi!
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