Quietly tucked inside President Obama’s 155-page jobs bill is a provision to count a portion of the value of health benefits provided to certain individuals as taxable income.
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IRS cuts cell phone tax headache
Great news: The IRS has eliminated one major headache for employers associated with a common fringe benefit — cell phones.
Holiday gift cards = taxable income
Giving employees gift cards this holiday season is a nice idea. Just be sure you’re not falling into this tax pitfall.
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