We doubt this will do much to close the budget deficit, but who knows? The Internal Revenue Service is considering taxing the use of work-issued mobile phones, according to a report in the Wall Street Journal. According to the report, the IRS has proposed that employers assign 25% of an employee’s annual phone expenses as a taxable benefit. In other words, take the service plan costs for an employee, and use 25% of that as taxable income. As many of these workplace-issued devices have data plans, the cost per<\/p>\n","protected":false},"excerpt":{"rendered":"
We doubt this will do much to close the budget deficit, but who knows? The Internal Revenue Service is considering taxing the use of work-issued mobile phones, according to a report in the Wall Street Journal. According to the report, the IRS has proposed that employers assign 25% of an employee’s annual phone expenses as a taxable benefit. In other words, take the service plan costs for an employee, and use 25% of that as taxable income. As many of these workplace-issued devices have data plans, the cost per Continue reading