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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't forget that all the monies paid are going to show up as salary or bonus and if it is not part of the deal. You will take the tax hit.[/quote] OP here - dh company says they will gross up any taxable benefit. We got some further details...they won't pay for a loss on sale but since we bought our current home in 2002 it shouldn't be an issue. All sales and buy-in closing costs, up to 2 points on a new loan, and all move costs. And one month base salary for incidentals. Seems like a great package.[/quote] Pay attention to the gross up details. I didn't and it cost me a bit. For instance, not all of the relo benefit is taxable - but some is. Find out what parts are and minimize those (ie temp housing is). In our case they got us a 3 br for $6,000 a month when all I needed was a 2bd. I didn't complain cause whatever sure go ahead, but in retrospect a 2nd would have been smarter for everyone involved. Also gross up was only on my marginal tax basis based on my salary - not on the margin based on both incomes. That matters if your spouse makes $. Relo firm also messed up the true up - you have to do it more than once (the math anyway) because the very act of truing you up creates it's own tax obligation - so they need to account for that until they find the asymptote. [/quote]
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