Congress “de-lists” cell phones: what does that mean for employer-provided cell phones?
On September 27, The President signed into law the Small Business Jobs Act (H.R. 5297) (SBJA). Hidden in this legislation is much-needed relief to all businesses (small or large) and their employees concerning the business and personal use of employer-provided cell phones, including personal digital assistants (PDAs) with mobile communication features1 and smartphones (collectively, cell phones).2 This provision removes cell phones from the Internal Revenue Code’s definition of “listed property” for taxable years retroactive to December 31, 2009.
What does this change mean to you?
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