Finance

End of Year Cutoff for Relocation Payments Processing

In order to provide accurate and timely year-end tax reporting for relocation expenses paid in 2008, Cartus, the relocation management firm, has been instructed to cut off expense processing of employees’ expense reports as of December 8, 2008. All expense reports and required receipts and documentation received by Cartus by December 8 will be paid and included in the 2008 W-2s. Expense reports received at Cartus after the cutoff date will be processed, but payments will not be released until January 5, 2009.

Cartus will provide all relocating employees a Reloca­tion Summary Package (RSP) summarizing all relocation-related expenses paid to them or on their behalf in 2008 by January 31, 2009. Relocating employees will receive a let­ter via First-Class Mail® service detailing the process for logging into Cartus’ website to retrieve their summary package online.