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ABC Accounting Group
ABC Accounting Group, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 664
Experience:  Business Consultant/Accounting Manager
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Are corporate moving expenses fully deductible in year of

Customer Question

are corporate moving expenses fully deductible in year of move or do they have to be amortized?
Submitted: 9 months ago.
Category: Tax
Expert:  ABC Accounting Group replied 9 months ago.

Hi. If you are a corporation or LLC, you can deduct the full expense of the move from your taxes. This includes all transport, packing, loading, and even surveys of the new space to make sure equipment and offices will fit. You can also deduct any brokerage commissions you pay to find new space.

Customer: replied 9 months ago.
all in the year incurred?
Expert:  ABC Accounting Group replied 9 months ago.

Yes.

Expert:  ABC Accounting Group replied 9 months ago.

Hi. If you are satisfied with the response and do not have any questions, a positive rating is very much appreciated. Best Regards.

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