-
On Feb. 26, Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, released a discussion draft of the Tax Reform Act of 2014 that more completely spells out the tradeoffs for tax reform. Camps draft legislation reduces and simplifies the current income tax rate structure, but may modify or eliminate provisions relating to employee benefit plans.
March 6 -
The IRS recently issued Notice 2011‐72 and a Memorandum for All Field Examination Operations, which provide a road‐map for employers to avoid taxing employees on cell phone expenses. Following the de‐listing of cell phones as "listed property" from Code section 274(d) last year, there has continued to be some uncertainty on the proper tax treatment of employer‐provided cell phones (and reimbursements of cell phone costs). This guidance, summarized below, clarifies the proper tax treatment and
October 7
Load More