I have recently relocated and my employer picked up the moving expenses. My employer has grossed up the moving cost to cover FICA and taxes (fixed 28%) and are adding these expenses to my income. In addition to this, since the move was at the end of the year, the expense occured in 1998 and the payout occures in 1999. How should these moving expenses be handled? Should and can I pull in the income to a previous year where I probably have lower income and more write-offs?
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