The IRS really wants to help businesses comply with tax laws regarding employee cell phones, so the agency has issued a new proposal that would have employers assign 25% of the cost of an employee's cell phone as taxable benefit.
This represents a shift to stricter enforcement of a rule that treats cell phones as a benefit to the employee, rather than an instrument of the employee's work.
This represents a shift to stricter enforcement of a rule that treats cell phones as a benefit to the employee, rather than an instrument of the employee's work.
Continue reading The IRS Is Coming After Employee Work Phones.
