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July 1, 2009

IRS Decides to Backtrack On Business Cell Phone Tax

The IRS has decided it doesn’t want to tax personal use of cell phones provided by employers. That law is “burdensome, poorly understood by taxpayers and difficult for the IRS to administer consistently,” IRS Commissioner Doug Shulman said in a statement. To simplify compliance, the IRS sought comment on several options, including treating 25 percent of the cell...

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