Taxing company cell phones as a "fringe benefit"

Tax Man's Target: The Mobile Phone

Excerpt:

The use of company-issued mobile phones could trigger new federal income taxes on millions of Americans as a "fringe benefit," spurring efforts by the wireless industry and others to kill the idea.

The Internal Revenue Service proposed employers assign 25% of an employee's annual phone expenses as a taxable benefit. Under that scenario, a worker in the 28% tax bracket, whose wireless device costs the company $1,500 a year, could see $105 in additional federal income tax.

Comment: Would impact both K and I as we have company paid cell phones. Sounds like a great benefit but it means we could be called any time of day or night (and we sometimes are!)