Fri, Jun 12th, 2009
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NEW YORK (CNNMoney.com) -- You are tethered the office 24/7 through your CrackBerry, and as a result probably make a few (dozen?) personal calls from that phone. To the wife? The babysitter? Dinner reservations, perhaps?
Odds are, you don't pay income tax on that "perk" even though the IRS requires companies to treat personal use of a work cell phone as benefit income that can be taxed.
But for the two decades the rule has been in place, it has been largely ignored. Nobody - businesses nor individuals - want to go through pages of cell bills to calculate exactly what portion of your bill is personal and taxable.
Related stories from top sites:
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A 20-year-old, rarely enforced law that requires workers to include the value of personal calls made on a company-issued cell phones as taxable income soon may be taken off the books.
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- IRS asks to drop work cellphone personal usage tax; Calls it obsolete
The IRS asked Congress to repeal a 20-year-old law designed to tax personal use on an employer provided cellphone as a fringe benefit. For the IRS, the move is an about face...
- As long-term care saps seniors' savings, no clear solution stands out
Kay Paggi has been the bearer of bad news more times than she cares to remember. The senior-care coordinator has helped hundreds of Dallas families find long-term care for frail parents...
- IRS Now Asks to Drop Tax on Cellphones
The Internal Revenue Service is backing away from proposals to more uniformly enforce a law that taxes personal use of employer-provided cellphones. IRS Commissioner Doug...
- Obama backs repeal of tax on personal cell phones
WASHINGTON, June 16 (Reuters) - The Obama administration onTuesday said it will back repealing a hard-to-enforce tax onpersonal use of work cell phones, appeasing the businesscommunity...
- IRS Defends Proposed Tax On Employer-Provided Cell Phones
WASHINGTON (Dow Jones)--The IRS defended its proposals to enforce a law that taxes personal use of employer-provided cell phones, saying the changes are aimed at helping businesses comply...
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divinedivaTue, Oct 6th, 2009117 Diggs, 0 CommentsCNN || Do you pay for personal calls on your work cell?
You are tethered the office 24/7 through your CrackBerry, and as a result probably make a few (dozen?) personal calls from that phone. To the wife? The babysitter? Dinner reservations, perhaps? Odds are, you don't pay income tax on that "perk" even though the IRS requires companies to treat personal use of a work cell phone as benefit income that (Business & Finance)
gjgoweyFri, Aug 21st, 20091 Diggs, 0 CommentsIRS proposal taxes 1/4 of your work phone time as personal
In the new proposal by the IRS, 25% of your work cell phone minutes would be taxed as a personal "fringe benefit"- regardless of how little you actually use it.(Political News)
apackofmonkeysThu, Jun 11th, 200944 Diggs, 16 Comments
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