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Home / IBR Headlines / IRS issues guidance on small biz employee cell phones (access required)

IRS issues guidance on small biz employee cell phones (access required)

The Internal Revenue Service has issued a guidance to clarify the income tax consequences of cell phones provided by small business employers. The Small Business Jobs Act of 2010 removed cell phones from the category under tax law that normally requires additional recordkeeping by taxpayers. According to the guidance issued by the IRS, when an employer provides ...

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