Αποτελέσματα Αναζήτησης
10 Ιουλ 2024 · For instance, if an employee’s cell phone reimbursement is incorrectly classified as taxable income, it could affect their taxable wage base, potentially influencing contributions to Social Security, Medicare, and other payroll taxes.
Under the guidance issued today, where employers provide cell phones to their employees or where employers reimburse employees for business use of their personal cell phones, tax-free treatment is available without burdensome recordkeeping requirements.
28 Σεπ 2024 · Where to deduct your cell phone bills. As a freelancer or independent contractor, the IRS requires you to add Schedule C to your tax return. You'll use this form to report all your business income — as well as any business expenses you write off, from your home office expenses to your cell phone bill. {write_off_block}
16 Οκτ 2024 · Beginning in 2018, these and other unreimbursed employee expenses are no longer deductible. If you carry a separate personal cellphone during business hours and make all your personal calls on that, the IRS likely will accept that your business phone is purely for business.
21 Ιουν 2024 · The IRS clearly states that an employer-provided mobile phone is a fringe benefit to the employee, and its value, including both the monthly charges for using it and its initial cost, is taxable to the employee. This is unless it can be proven that the phone is used primarily for business purposes.
24 Σεπ 2020 · An employer-provided cell phone is not provided primarily for noncompensatory business purposes—and results in taxable income—if the phone is provided as a substitute for compensation, to attract new employees, or to promote employee morale.
1 Ιουν 2020 · It follows that if employers allow their employees to opt to use their personal cell phone, instead of a company-issued cell phone, that they should be reimbursed a reasonable percentage of their phone bill for work-related calls or other data usage for using texts or the internet for work purposes.
