IRS Wants To Tax Your Work-Provided Mobile Phone As A Fringe Benefit?
from the searching-for-cash-under-the-cushions dept
It appears that the Federal Treasury really is searching for cash under the cushions these days. Its latest idea? Claiming that mobile phones provided by employers are actually a "fringe benefit" that should be taxed. So even if your company pays for your mobile phone, you may owe the IRS taxes on it. The mobile operators are fighting this, but given the state of the economy, it shouldn't be much of a surprise if the IRS moves forward with this.