Giving employees cell phones can make them more productive, useful employees. The IRS has long recognized this, and has allowed these cell phones to qualify as excludable fringe benefits. This article highlights recent clarifications by the IRS, which detail when employer-provided cell phones qualify as excludable fringe benefits, and also when they qualify for reduced record-keeping, which can reduce the total amount providing these cell phones costs small businesses.
- Summary by FizzLaw Team
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Cell Phones: IRS Issues New Tax Breaks