IRS Tax Relief News: Employee Cell Phones Get Tax-Free Treatment
The IRS announced yesterday new tax relief guidelines for a provision that allow small businesses the ability to claim a cell phone provided to employees by said business as tax-free without any arduous record keeping needed. The notice issued explains how the provision works in regards to employer purchased cell phones for employee use. It also goes on to explain that the IRS will not require the employer to provide business use record keeping.
To learn more about the new notice provided by the IRS, visit their website at IRS.gov, or download the guidelines here. It is always important to stay educated on current tax law news to keep yourself and your business away from problems with the IRS and possible back taxes.
More Tax Help, IRS News and Tax Relief Tips:
- IRS to Return $153 Million in Undelivered Tax Refunds
- IRS Tax Help Basics for the Self-Employed
- TaxMan Discusses Tax Gap on the Big Biz Show
- Tax Resolution After Receiving IRS Audit
- New Offer in Compromise Policies Bring Tax Relief
Tags: irs news, irs tax relief, IRS tax relief news, small business, tax help, tax record keeping, tax relief, Tax Tips
