The 2017 Tax Cuts and Jobs Act

Implications for Companies with Employee Mobility Programs

Enacted in December 2017, the 2017 Tax Cuts and Jobs Act made significant and immediate changes to the IRS treatment of relocation expenses. These changes affect companies that relocate employees, transferees and relocation management companies that assist with employee mobility.

With these changes already are in effect, companies had no time for careful consideration and smooth implementation of changes to their global mobility program. Nevertheless, the IRS expects all parties to comply with the new law in 2018. Download this white paper to understand the: 

• Changes to Federal Tax Treatment of Moving Expenses for Employee Relocation;
• New Domestic Relocation Challenges For High-Cost Areas;
• Reason Behind the Anticipated Popularity of Lump Sums; 
• Impact on International Relocation Assignments; and 
• 3 Steps You Can Take Immediately.