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PERSONAL USE OF LONG DISTANCE SERVICES University of HoustonClear Lake employees are instructed to use personal cell phones, credit/debit cards or calling cards for personal long distance calls that
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Personal use of long refers to the usage of long-term assets or investments for individual purposes rather than for business or income-generating activities.
Individuals who directly engage in the personal use of long-term assets or who need to report the benefits received from such use may be required to file personal use of long.
To fill out personal use of long, individuals need to complete the designated forms, providing relevant details such as asset descriptions, dates of use, and any related expenses incurred during the personal use.
The purpose of personal use of long is to ensure that individuals accurately report the utilization of long-term assets for personal purposes, which may have tax implications.
Information that must be reported includes the type of asset used, the duration of personal use, any income derived from such use, and associated expenses.
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