IRS Proposes Taxing Your Company Provided Cell Phone

Are you one of those folks who use a cell phone provided by your company? The IRS has its eye on you as a possible revenue source. According to this report the IRS is proposing to tax you if you use your company issued cell phone. The proposal calls for taxing 25% of business cell phone use as income.

This is in the public comment phase now, and I’m sure the cell phone companies and carriers are commenting quite heavily.

Via The NYDailyNews