At Her Employer's Request, Kim Moves from Albany to Chicago

question 217

True/False

At her employer's request, Kim moves from Albany to Chicago. She incurs $20,000 of costs to move her household goods and to travel to the new location, plus $8,000 of temporary living expenses because the new home was not ready when she needed to start work. Her employer reimburses her the full $28,000 cost associated with the move. She cannot deduct the moving costs, but she is not economically impacted because she is fully reimbursed.

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A legal proceeding involving a person or business that is unable to repay outstanding debts. The process begins with a petition filed by the debtor, or on behalf of creditors.

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