employee to submit before (a) A copy of his/her financial documents which prove paying residence that only the employee and or a member(s) of the transaction expenses? immediate family made payments on the property; (b) A copy of his/her financial documents which prove that he/she and/or a member(s) of the immediate family received all proceeds from the sale of the property; (c) Documentation that is acceptable by you in verifying any interest that the employee has in the property; and (d) Any additional documents that you need to verify payments. Time Limitations § 302-11.420 How long can we You may authorize an additional period of time, not to authorize an extension for exceed 2 years, for completion of the sale and purchase completion of the sale and or lease termination transactions. purchase or lease termination transactions? § 302-11.421 What must we consider When authorizing an extension of time limitation, you when authorizing an must determine that the: extension of time (a) Employee has extenuating circumstances which limitation? have prevented him/her from completing his/her sale and purchase or lease termination transactions in the initial authorized time frame of two years; and (b) residence transactions are reasonably Employee’s related to his/her transfer of official station. Unexpired Lease § 302-11.430 When must we reimburse You must reimburse an employee in lieu of residence transaction expenses when the employee meets the an employee for expenses incurred due to settlement requirements of § 302-11.10 for expenses incurred due of an unexpired lease? to settlement of an unexpired lease. § 302-11.431 How must we require an You must require that the employee submit an employee to request appropriate travel claim requesting reimbursement for expenses of an unexpired lease settlement with: reimbursement for expenses of an unexpired (a) An itemization of all expenses claimed supported by lease settlement? documentation showing that the employee indeed paid all lease settlement fees; and (b) A total amount for all expenses claimed. Title Requirements § 302-11.440 How must we determine To determine who holds title to property for reimbursement purposes, you must verify: who holds title to property for (a) Whose name(s) actually appears on the title reimbursement purposes? document (e.g., the deed); or (b) Who holds equitable title interest in the property.
employee to submit before paying residence transaction expenses? (a) A copy of his/her financial documents which prove that only the employee and or a member(s) of the immediate family made payments on the property; (b) A copy of his/her financial documents which prove that he/she and/or a member(s) of the immediate family received all proceeds from the sale of the property; (c) Documentation that is acceptable by you in verifying any interest that the employee has in the property; and (d) Any additional documents that you need to verify payments. Time Limitations § 302-11.420 How long can we authorize an extension for completion of the sale and purchase or lease termination transactions? You may authorize an additional period of time, not to exceed 2 years, for completion of the sale and purchase or lease termination transactions. § 302-11.421 What must we consider when authorizing an extension of time limitation? When authorizing an extension of time limitation, you must determine that the: (a) Employee has extenuating circumstances which have prevented him/her from completing his/her sale and purchase or lease termination transactions in the initial authorized time frame of two years; and (b) Employee’s residence transactions are reasonably related to his/her transfer of official station. Unexpired Lease § 302-11.430 When must we reimburse an employee for expenses incurred due to settlement of an unexpired lease? You must reimburse an employee in lieu of residence transaction expenses when the employee meets the requirements of § 302-11.10 for expenses incurred due to settlement of an unexpired lease. § 302-11.431 How must we require an employee to request reimbursement for expenses of an unexpired lease settlement? You must require that the employee submit an appropriate travel claim requesting reimbursement for expenses of an unexpired lease settlement with: (a) An itemization of all expenses claimed supported by documentation showing that the employee indeed paid all lease settlement fees; and (b) A total amount for all expenses claimed. Title Requirements § 302-11.440 How must we determine who holds title to property for reimbursement purposes? To determine who holds title to property for reimbursement purposes, you must verify: (a) Whose name(s) actually appears on the title document (e.g., the deed); or (b) Who holds equitable title interest in the property.
FTRJanuary2004.docx