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Job Change? Ten Tax Tips – Things to discuss with your tax advisor

Sklover Working Wisdom

“When the devil loses his job, he becomes a tax collector.”. ACTUAL CASE HISTORIES : It goes without saying: just as it is wise to look before you leap, when changing jobs, so too is it wise to consider the many steps you can legally take to minimize your future tax liabilities. To the contrary, you can take into account the tax issues of a job change when (i) planning for it, (ii) negotiating it, (iii) taking steps during it, and (iv) even when completing your tax return.

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Should You Move for a Job?

Career Alley

The most important thing to consider is the job itself. Is this your dream job? It should be pretty compelling, for example: The job is in your dream location; the opportunity to grow your career is clear; the team dynamic is perfect. Are you going to be successful if this is not your dream job? Ultimately, accepting a job and resigning shortly after can be a huge strike against you on a resume. Are there tax benefits or disincentives?

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