Employer-Provided Cell Phones and IRS Compliance

Are your current practices regarding the issuance of company cell phones audit-ready?

The IRS counts personal use of a company phone as a non-taxable fringe benefit – but only when certain criteria are met.

Now's a great time for Finance to make sure your department understands the IRS compliance rules surrounding the use of company phones.

In this Practical Tool, you'll discover:

• 3 valid business reasons to issue a tax-exempt, company phone
• 3 situations where a phone is not considered an acceptable fringe benefit
• Which employees should never get a company phone