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Have you considered treating the moving expenses as a business expense of the business which it will deduct and carry a loss for the current year. Paying employee moving expenses is not uncommon so that will account for a portion of the monies you received. The balance that you receive you can treat as an advance against future salary payments. Reduce your salary going forward to reflect repayment of the loan. You will only have to pay the employment taxes related thereto. Such loans are typically without interest or at best a very low interest rate such as 4%. This can be spread out over 2-3 years. I suspect that the moving expense is the largest chunk of the money so what is left should be readily doable in that time frame since both of you are getting salary and paying back what is owed.
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