**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 


                      UNIVERSITY OF VIRGINIA
           FINANCIAL AND ADMINISTRATIVE POLICIES MANUAL



TITLE:  MOVING EXPENSE IRS REGULATIONS              POLICY:  VI.C.5x 


The Internal Revenue Service (IRS) regulations are no longer
included in these policies.  Federal tax laws regarding moving and
relocation are subject to change at times that may not coincide
with University policy updates.  Additionally, these changes may
have a significant impact on an individuals' tax liability due to
revisions to maximum limits on deductible items, revisions to
definitions, and categories of deductible items.

Therefore, it is more appropriate to advise individuals receiving
reimbursement for moving and relocation expenses that federal
income tax regulations should be considered for any possible impact
on their tax liability.  Information regarding federal tax
regulations is available from various sources such as, but not
limited to, the Internal Revenue Service, certified public
accountants, accounting firms, and other companies providing
individual tax services.

Employees should refer to IRS Publication 521 for detailed
information concerning deducting moving expenses.


ISSUED BY:                                                03/25/94 

Assistant Comptroller, 
Accounting Operations          6.3.5