Will IRS Enforce Cell Phone Tax?

If your company has issued you a cell phone, you may have to start deciding whether or not you really need to send that email or text message, especially if you are watching your budget. That’s because the IRS has issued proposals to more strictly enforce a law that views company-issued cell phones as a taxable benefit.
Opponents of the law point out that it was passed in 1989, a time when cell phones were large, impractical, and only used by the most elite executives. Under the law, those who use company cell phones should keep a detailed log of their …read more