APA's Top Payroll Questions & Answers for 2020 - 79

10

APA's Top Payroll Questions & Answers for 2020

Listed property expenses (IRS)

After Congress removed cell phones from the listed property category,
the IRS issued guidance that allowed employers to reimburse
employees for the business use of their own phones with minimal
documentation required from employees. For example, employees
must submit the bills, but not documentation of their business use.
Computers and peripheral equipment have now also been removed.
How does this impact employers that reimburse internet access fees
for employees who work from home? Must employees work at home
at their employer's convenience before such reimbursements are tax
exempt? And what records must employees keep?

A.

For the reimbursement of the cost of an employee's internet service
to be nontaxable, the accountable plan rules have to be met. The
accountable plan rules are met when there is a business connection,
and there are adequate safeguards against private misuse. They must
be necessary for the conduct of the employer's business, and there is
substantiation of the expense.
In addition, any excess reimbursements must be returned. Actual
business use must be established. A general statement of use is
not adequate. Only business use that is properly substantiated can
be reimbursed under the arrangement. For more about accountable
plans, see Treas. Reg. ยง1.62-2, Reimbursements and Other Expense
Allowance Arrangements.

79

Recordkeeping and Record Retention

Q.



APA's Top Payroll Questions & Answers for 2020

Table of Contents for the Digital Edition of APA's Top Payroll Questions & Answers for 2020

Table of Contents
APA's Top Payroll Questions & Answers for 2020 - Intro
APA's Top Payroll Questions & Answers for 2020 - Cover1
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APA's Top Payroll Questions & Answers for 2020 - Table of Contents
APA's Top Payroll Questions & Answers for 2020 - e
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