New Law Changes IRS Rules on Cell Phones

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President Barack Obama removed cell phones from the Internal Revenue Service listed property rule with the signing of the Small Business Jobs Act. As a result, cell phones provided by employers for personal use are no longer a taxable benefit under IRS rules.

The Mobile Cell Phone Act (HR 690) was first introduced in January 2009 and was sponsored by Rep. Samuel Johnson (R-TX) and Sen. John Kerry (D-MA) in the House and Senate, respectively.


New Law Changes IRS Rules on Cell Phones