Financial

Form 3903

Form 3903

A form that one files with the IRS to calculate moving expenses. This is used in order to find the maximum allowable tax deduction for moving expenses. It should be noted that in order to deduct moving expenses at all, one's new workplace must be at least 50 miles farther from one's previous home than the old work place, and one must work at the new location for at least 39 weeks during the 12 months immediately following the move.
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References in periodicals archive
If you're taking a moving expense deduction, use Form 3903, Moving Expenses, in addition to the regular Form 1040.
(a) Moving expenses: Complete Form 3903, Moving Expenses, and attach to the return.
Observation: As a result of the simplification, employees will report on Form 3903, Moving Expense,, only the qualified expenses they paid directly.
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