Practical Tools
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
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