OFFICE EXPENSES, PROFESSIONAL SERVICES
Moving Expenses Tax Deduction
If you are an entrepreneur who is relocating for business reasons your moving expenses may be deductible regardless of whether you move within your city or to another state. The moving expense deduction can apply if you are moving your office or your personal residence (for business purposes). Like most tax matters the IRS has developed a number of rules guiding the moving expenses deduction, but as an entrepreneur these expenses can add up quickly so keep track of all your reasonable moving costs and follow the tests set by the IRS to determine if you qualify for this deduction.