Two Deed or Not Two Deed: A 2011 Perspective

M O B I L I T YI N S I G H T SF E B R U A R Y 2 0 1 1 Two deed or Not Two deed : A 2011 PerspectiveRelocation programs are commonly structured to take full advantage of tax laws affecting the purchase and sale of employee homes. At the federal level, the IRS validated tax protection for an amended value program utilizing a deed -in-blank in Revenue Ruling 2005-74. As welcome as the ruling was, it suddenly brought state tax issues to the forefront because, regardless of any federal tax rulings permitting use of a single deed , some states require two Tax & Legal Brief outlines the key issues that grow out of real estate practices that can vary widely from state to state. It also presents the Cartus Blended Option, which allows clients to capture available cost savings by using a single deed in certain states while still taking prudent steps to manage legal and tax risk by using two deeds in , although most states still require only one deed , companies should anticipate that the crushing financial burden delivered by the economic downturn may well make the additional revenues available from real estate transactions too attractive for some states to pass h e S t a t e Ta x I s s u e i n P e r s p e c t i v eWhen the IRS issued its 2005 ruling stating that in a typical relocation real estate transaction the use of a deed -in-blank was acceptable from a federal tax perspectiv

M O B I L I T Y I N S I G H T S F E B R U A R Y 2 0 1 1 Two Deed or Not Two Deed: A 2011 Perspective Relocation programs are commonly structured to take full advantage

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