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View Full Version : Relocation Taxable or not


Creativemind95
Apr 2, 2007, 12:42 PM
Hi,

I received a lump sum of 7500 USD from my employer for my relocation to US in Dec 2005. Subsequently I moved to US on 1st Jan 2006 and deposited the check after opening a bank account.

This lump sum payment does not appear in my W2 for the year 2006 as it was given in 2005. How should I treat this relocation benefit?

Thanks,
Naz

AtlantaTaxExpert
Apr 5, 2007, 01:20 PM
It is likely taxable income for 2005. If you did not file a tax return for 2005, I believe you need to.