Re: 2009 Planning: Moving and Job Hunting Expenses

Dear Client:

You have worked hard to prepare for your career and you would like to reap the benefits to the greatest
extent possible. Your immediate goal is to achieve success in your chosen field. At the same time, you are
faced with many personal and financial challenges. When searching for a first or new job, you will incur
various costs. If your job search is successful, you may face a move across town, or even across country.
These events have tax consequences.

For instance, you may qualify for a moving expense deduction. An individual like you who makes an
employment-related move qualifies for a moving expense deduction if the commencement of work, distance,
and time employed requirements are met.

Job hunting expenses may also be deductible, if you are changing jobs but not your line of work. Your job
search does not have to be successful in order to take the deduction. However, if you are seeking your first
job, or switching your trade or business, job hunting expenses are not deductible.

Since you are a young career person, you may be interested in other related topics, such as:

What types of business expense are deductible and when must reimbursed expenses be included in
income?

How are medical expenses and the different types of employer-provided health plans treated for tax
purposes?

What tax changes arise when you get married?

What types of expenses associated with buying and maintaining a house are deductible?

In what ways can you start saving for retirement and what are the advantages of doing so?

Although these are just a few examples, there are many more tax issues that you should consider. However,
as you can imagine, there are rules that must be followed in order for you to benefit. We'd like to meet with
you to discuss your overall tax planning strategies. Please contact our office at your earliest convenience to
make an appointment.

Sincerely yours,