Tag: Listed Property

Extreme Couponers; Charitable Deduction Issues; Summer Camp; Cell Phones as Listed Property — Ask Jason

DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. All of these questions have come from web visitors recently: Q: Do “extreme couponers” pay tax? A: Depends on what you mean by “tax.” […]

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Cell Phone Tax Rules Relaxed

The Small Business Jobs Act of 2010, signed into law in September, removes employer-provided cell phones from the category of “listed property.”  This means employers can take a deduction for the cost of the cell phones without having to collect burdensome documentation of business vs. personal use from employees.  In the past, employees would be […]

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