November 02, 2020
US Tax Authorities Stepping Up Enforcement Of Cellphone Taxable Benefit & Tax Deduction Eligibility
Direct quote from the tax article :
“As for the cell phone and internet, Judge Panuthos really wanted to help Ms. Armstrong by using the Cohan rule, but he was unable to do that because she could not give him any basis for allocating what amounts of the total cell phone and internet bills were for work and what amounts were for personal use (the cell phone plan was in Ms. Armstrong’s daughter’s name, for example).”
We have reported for quite some time that that global tax authorities were increasingly focused on the tax consequences of personal vs. business usage of a company or personal IT asset.
We’ve been featured by Forbes here for USA & Tax compliancy as a business :
The #1 Tax Planner in the USA for the last 30+ years also featured us on the front cover of his book due to changes in the tax code that went into affect January 1st, 2018 & the need for every employer and employee in the USA to use our solution :
US Tax Authorities Stepping Up Enforcement Of Cellphone Taxable Benefit & Tax Deduction EligibilityBack