I have been paying for personal calls made on my university-owned cell phone. Aren’t I meeting the IRS requirements?
You would think so, but under IRS regulations it is not enough to simply pay for your personal calls and say all the rest are business. The IRS requires that the use of an employer-provided cell phone be documented in a very detailed manner. In addition to identifying all personal calls on the employee’s monthly cell phone statement, the employee must note the purpose of each business call. In the absence of such documentation, the IRS can treat all undocumented calls as personal and the value of those calls as additional wages, even if the calls were mostly business calls.
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- I have been paying for personal calls made on my university-owned cell phone. Aren’t I meeting the IRS requirements?
