Friday, January 23, 2009

Well this is interesting

Chronicle: University-Provided Laptops Are Taxable to Faculty. (via taxprof)
I previously blogged that the IRS increasingly is requiring faculty to report the value of university-provided cell phones as income under § 280F. This week's Chronicle of Higher Education reports that the IRS is similarly targeting faculty who receive a university-provided laptop: Professors May Have to Pay Taxes on College Laptops, by David Shieh:...
I'm not sure if Oakland U. has done anything in this regard. Then again, maybe they have such a policy somewhere in the 3-million page 'policy' book that seems to grow by the day. I haven't heard of anyone getting a university-provided phone either. At least not on the faculty side.